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Anonymous
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?
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thefrugalstudent
24 Apr 2021
Founder at thefrugalstudent.com
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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