facebookIs it worth signing up for credit card for the welcome gift? - Seedly

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Anonymous

24 Apr 2021

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Credit Cards

Is it worth signing up for credit card for the welcome gift?

Is it worth signing up for credit card to get the welcome gift like Apple Watch? Can the annual fees be waived? Can I get the gift already and cancel the card?

Discussion (1)

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thefrugalstudent

24 Apr 2021

Founder at thefrugalstudent.com

Hi Anon,

I'd say it's worth it if it's a card you'll use. Annual fees for entry level cards ($30k annual income requirement) is usually pretty easy if you use the card every now and then, and they usually come with 1st year annual fee waiver too.

Technically you can cancel after you've received your gift, but doing this too often hurts your credit score so you may want to watch out for that.

Hope this helps & all the best!

Regards,
thefrugalstudent

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