Credit Cycling: Is This Secret Credit Card Hack Worth Losing All Your Subscriber's Trust?

What in the World is Credit Cycling?

Alright team Mr. Beast here and today we're diving into something even scarier than 24 hours in a haunted house: credit cycling! Apparently it's when you max out your credit card pay it off super fast and then do it again like you're trying to break a world record for most transactions in a day. Experts are saying this isn't the best strategy. It's like repeatedly eating a bunch of chocolate in one sitting you get an intial rush but long term it is bad for you. But is it REALLY that bad? Let's get into it because I am curious too!

The High Risk High Reward...Or Is It?

So why do people do this? Well some folks might be trying to snag more rewards points or maybe they need to drop a massive stack of money for an emergency home repair after I give their house away to a random subscriber. But according to the brainiacs credit card companies see this as a big red flag! It's like if Chandler started winning all my challenges – something's fishy right? It might make you look like you're struggling financially or worse like you're up to no good with some money laundering schemes. And NO ONE wants that...

Uh Oh Consequences Incoming!

If the credit card company catches on they might just shut down your account faster than I can give away a million dollars. This can mess up your credit score because it affects your credit utilization – that's how much of your available credit you're using. Experts say keep it below 30% or even 10% if you wanna be a real credit score saint. Closing your account lowers your overall credit limit and makes you look riskier to future lenders! We definitely don't want that happening to you! Credit is very important!

Don't Get Flagged!

Butting heads with your credit limit also increases your chances of accidently going over it triggering extra fees or worse higher interest rates it's a slippery slope! You may be in danger so it's vital to keep tabs on automatic subscription fees or recurring payments that could push you over the edge. I know you don't want that kind of financial scare happening to you!

Mr. Beast's Smart Alternatives (Because I'm All About the Solutions!)

Alright alright so credit cycling is a no go. What's the play? The experts say ask for a higher credit limit (politely of course) open a new credit card or split your expenses across multiple cards. Now personally I'm a big fan of paying your bill early. It’s like surprising your friends with pizza – always a good move! It can boost your credit score because card balances are usually only reported at the end of the month. So pay early pay often and maybe you'll get a shoutout in my next video. Probably not though!

Don't Risk It For The Biscuit!

In conclusion while the rewards of credit cycling might seem tempting the risks just aren't worth it. It's like gambling with your financial future and your credit score is too important. So let's all agree to play it safe be smart with our money and stick to more reliable ways to earn those sweet sweet rewards. Now if you'll excuse me I've got a video to film where I give away a private island. Stay safe stay smart and don't get credit cycled!