We are the type of cc users that the industry derisively labels "deadbeats" - we use a card for convenience and pay in full each month (twice a month, usually).
Yet for some reason we keep getting offers even though I don't see how they are going to make money on us.
I have no desire to switch my cc per se, but when a credit card offers me a $300 cash bonus for signing up, it's hard to ignore the offer. So in fact we recently took just this offer in December, and we actually got the $300 cash, no strings, no problem. Additionally the card offers 1% cash back on every purchase, plus 5% back for certain categories of purchases (and they are things like gas, groceries - in no way is it tempting us to buy more than we already do, it's just rewarding us for our usual behavior).
Now I have a new offer from yet another bank, not quite as good but I get $100 in cold cash plus a similar 1% back/5% for certain purchases structure.
The last thing I need is yet another credit card, but I just don't see the harm. The only way we are behaving differently is that we are strategizing which card to use for a given purchase that we would have already put on a cc and paid in full anyway.
So, is there something I'm missing? Is there a harm in my particular case given our particular behavior? Would I be stupid to pass up a free $100 - and I will tell you, $100 goes a long way in this house, it's not chump change here. Or would I be stupid to sign up for yet another credit card?
FWIW my credit score is probably in the 800s and I don't really care about it. So if it goes down to 700 but I get free money, I'm not certain that I care - unless you can explain to me why I should.