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https://www.desidime.com/comments/permalink/10571171
I don't do it currently I have offer on 5-6 cards last month on 6+ cards I still let it go as I don't have any useful spends.
https://www.desidime.com/comments/permalink/10572840
So far none stuck cause I use them in a very controlled fashion and never go greedy... (I'm almost always late to the party)
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spending spree in credit cards because of cashback (almost everyone holding cc would have faced this)
so money lost is entire spending amount (which we wont have if we dont chase that cashback)