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2 Little-Known Dangers of Chasing Sign-Up Bonuses

2 Little-Known Dangers of Chasing Sign-Up Bonuses

Credit card companies are good at getting consumers to sign up. With a sign-up bonus, you usually get a lump sum pile of cash or reward points in exchange for meeting a certain spending threshold within a preset period of time. You might, for example, qualify for a sign-up bonus that gives you $200 cash back for spending $2,500 within three months of opening a new credit card account.