I have recently come into an epidemic of credit card referrals. My friends are going berserk in referring to each other and having bits and pieces of commotions about 'fair shares'. In one incident, there was also a negotiation about how much money will be split if a referral bonus is received. Multiple banks and credit card companies have sprouted in their discussions, Amex, Capital One, Chase are to name a bunch.
I have always been a less materialist person to my utter nature. At this stage of their mini-economic frenzy, I am too afraid to ask the questions to my friends to be humiliated to be in the game so late. So I come here to ask to the arena of altruists:
- Are such referrals good for credit scores?
- How many cards one can have not to harm your credit profile?
- Do all banks and commerce orgs provide such scheme, if so how one knows about these?