So I'll probably be going away mid next year to visit some family members overseas.
My in-laws suggested this idea where we sign up for a credit card (with an air plan) for the travel bonus points and then "downgrade" the card later. We would essentially be able to save around $400-$500 off of the airline ticket.
Is this a scam?
Do you think people can/should get away with this?
I'm a bit worried because it sounds kind of fishy, but I google'd around and can't find anything about it.
My in-laws suggested this idea where we sign up for a credit card (with an air plan) for the travel bonus points and then "downgrade" the card later. We would essentially be able to save around $400-$500 off of the airline ticket.
Is this a scam?
Do you think people can/should get away with this?
I'm a bit worried because it sounds kind of fishy, but I google'd around and can't find anything about it.