Keep taking the freebies Q

Martin says: There’s no hard and fast rule. Repeatedly applying can hit your credit score and hurt other future applications for bank accounts and other credit products.

Yet there are a growing number of what I call bank account tarts – who run many accounts simultaneously to get free cash incentives, high interest, and other perks.

Some report to me successfully opening six or more bank accounts in a year.

I suspect they have decent income to do it. Yet if you’ve an important application such as for a mortgage imminently due, be careful.

firstdirect.com

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