I’m saying that smart people don’t do these things because it will show on their credit report, their credit score will decrease, and they will have a harder time qualifying for a loan (among other things).
Again, it’s allowed and not considered fraud, and CC companies do it because THEY ultimately benefit.
I know people who opened multiple cards at the same time, swiped, received the bonuses, and now can’t pay off their large balance (that they needed to swipe to get the bonus), so they are paying more interest than the bonus they received.
The system that allows it, profits from it and keeps things in check so that it isn’t abused.
Doesn’t sound assur or fraud to me.