<prompt> Human: I just received 700 cash back reward for signing up for a new card. Whats to stop me from doing this a few times a year and then canceling the card?The card is a chase sapphire and I received a big sign on bonus for spending 3k in the first 3 months. I didnt change my spending at all to do reach that spending. The card now sits at a zero balance and I plan to cancel it at 11 months before the 90 annual fee hits.So my question is this. Would my credit be negatively impacted if I did the same thing a few times a year? I mean opening and closing lines of credit like that I could see it somehow damaging my score which is perfect right now. Thanks in advance for any input. I have been lurking here awhile and finally had a topic I wanted to post aboutAssistant: Check out Churning. Subreddit more specific for this exact thing.Human: This is exactly the info I am looking for. for this interested in the answer to this question. Yes it does hurt your creditWith all of that said, churning is not without its risks. The most important risk to consider is its temporary impact on your credit score. Applying for multiple credit cards at once will reduce your score for a few months; if you will be applying for a mortgage, car loan, job, apartment, or other situation that requires a check of your credit, it is a good idea to stop all churning activity as far in advance as possible. Most conservative estimates recommend at least 2 years as hard pulls from credit card inquiries will fall off your credit report in 2 years.  <response>: For someone with good credit, the negative impact is usually negligible. 