Optimizing Payment Strategy for CLL (bank / credit rewards)

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Hey folks:

If you're going with a doctor that accepts credit payment, there's some opportunity to reap some kind of rewards from either a new credit card or potentially a new bank account.

I'm looking at a lump sum of $65,000 here, for example, and I know there's some credit hacking tricks that people do when they have a large amount of money they are about to spend. Like certain cards say "Open a new line of credit and spend $X within Y timeframe, and you'll get Z points / cash back."

Are there any other things I'm not aware of that I should look into? Such as opening a new savings account, dumping the money into it to reap the rewards, then spending that on CLL?

I'll share my findings, but I'd love to hear what you all did. Thanks!

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Quote from: jbfjbj4 on December 23, 2024, 05:18:04 PMThe best payment strategy - by far - is simply to not repay the creditor. That EV of that obliterates any lousy points or cashback you're gonna get, oh no you can't get a mortgage for 6 years, cry more about it, boohoo.

I've no idea why more people don't just rack up loans and stiff the creditors. There's literally no consequences to doing so at all beyond some number on your credit report goes down. All they're gonna do is call your phone (so change your sim card) and send letters to your house (move, or just bin the letters). I guarantee they'll be no Mastercard hit squad coming round to take you to a camp. I do this every few years for some nice bonus funds, it's easy money.

Okay I respect the out of the box thinking here. However, I don't have enough cash to coast credit-less for the next 10 years or so (and I'm certainly not in the "fk you money" stage where I can stiff arm corporations).

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I mean I have enough cash to pay for the surgery.

And I imagine there's some credit cards on the market that have like a $1000 point equivalent reward for high initial spend