Can I cancel AMEX Personal Platinum card 2 months in?
Apr 21, 2014, 7:46 pm
#1
Original Poster
Join Date: Apr 2014
Posts: 2
Can I cancel AMEX Personal Platinum card 2 months in?
I received a targeted 100k MR pts offer if I spend 3k in 3months. If I spend it all in the first billing cycle and see the points posted in the second month and then transfer them all to a partnering airline, if I cancel the card will I pay a pro-rated annual fee (only pay for 2 months)?
Also, could I use the $200 airline credit in the month or two I have it open before canceling?
Or does the card need to be open for at least a year?
Thanks in advance guys! I've learned so much from this site.
Also, could I use the $200 airline credit in the month or two I have it open before canceling?
Or does the card need to be open for at least a year?
Thanks in advance guys! I've learned so much from this site.
Apr 21, 2014, 8:20 pm
#2
Join Date: Jul 2012
Location: San Francisco, CA
Programs: Jose Cuervo Gold, Bud Light Platinum, Schwab 401K, VW Bug 2MM
Posts: 1,100
i received a targeted 100k mr pts offer if i spend 3k in 3months. If i spend it all in the first billing cycle and see the points posted in the second month and then transfer them all to a partnering airline, if i cancel the card will i pay a pro-rated annual fee (only pay for 2 months)?
Also, could i use the $200 airline credit in the month or two i have it open before canceling?
Or does the card need to be open for at least a year?
Thanks in advance guys! I've learned so much from this site.
Also, could i use the $200 airline credit in the month or two i have it open before canceling?
Or does the card need to be open for at least a year?
Thanks in advance guys! I've learned so much from this site.
Apr 22, 2014, 5:38 pm
#5
In memoriam
Join Date: Aug 1999
Location: Danville, CA
Programs: AA EXP - UA *G MM - HH Diamond - Hertz PC
Posts: 3,242
Let me see, you're going to:
Take the bonus points, then immediately transfer them out of MR into an airline account. And take the $200 airline credit. Then cancel the card and expect a prorated refund.
Am I the only one who sees something wrong with this? No wonder AMEX has finally gotten wise and now limits the sign up bonus to one card per lifetime.
Take the bonus points, then immediately transfer them out of MR into an airline account. And take the $200 airline credit. Then cancel the card and expect a prorated refund.
Am I the only one who sees something wrong with this? No wonder AMEX has finally gotten wise and now limits the sign up bonus to one card per lifetime.
Apr 23, 2014, 12:16 am
#6
Suspended
Join Date: May 2012
Location: ORD
Programs: AA, UA, AS, DL, BA, F9, IHG Plat, HH Gold, CC Gold, SPG Gold, MR Silver
Posts: 1,786
Let me see, you're going to:
Take the bonus points, then immediately transfer them out of MR into an airline account. And take the $200 airline credit. Then cancel the card and expect a prorated refund.
Am I the only one who sees something wrong with this? No wonder AMEX has finally gotten wise and now limits the sign up bonus to one card per lifetime.
Take the bonus points, then immediately transfer them out of MR into an airline account. And take the $200 airline credit. Then cancel the card and expect a prorated refund.
Am I the only one who sees something wrong with this? No wonder AMEX has finally gotten wise and now limits the sign up bonus to one card per lifetime.
Apr 23, 2014, 12:29 am
#7
Join Date: Apr 2014
Posts: 15
I thought this was "the game" of churning cards or signing up for them for the signing bonus and then canceling before the annual fee. And ignoring AMEX is now one bonus per card. Is there really a difference between three months in and one year prior to the fee renewal?
BTW mine is not a snarky question, generally curious.
BTW mine is not a snarky question, generally curious.
Last edited by cbadklap; Apr 23, 2014 at 12:50 am
Apr 23, 2014, 7:21 am
#8
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,955
Apr 23, 2014, 8:59 am
#9
Join Date: Jan 2013
Location: Chicago
Posts: 425
I thought this was "the game" of churning cards or signing up for them for the signing bonus and then canceling before the annual fee. And ignoring AMEX is now one bonus per card. Is there really a difference between three months in and one year prior to the fee renewal?
BTW mine is not a snarky question, generally curious.
BTW mine is not a snarky question, generally curious.
Apr 23, 2014, 11:01 am
#11
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,955
Apr 23, 2014, 1:26 pm
#12
Join Date: Apr 2014
Posts: 43
Good to know. I'll probably do that then. Will be able to collect two $200 airline credits over my first year so really only $50 to hold the card a full year.
Apr 23, 2014, 3:52 pm
#13
Join Date: Mar 2008
Location: Toronto, Canada
Programs: Aeroplan, Bonvoy, Alaska, Avios
Posts: 1,290
Interesting, I thought it was best to call a month out. Nice to know they will reimburse if you want out. My only issue is that from what I've read the retention are never as good as the initial sign up offer. Leaving me to churn cards, hard to justify keeping a card when one can rotate in and out of cards. AMEX has many cards and lets you have multiple cards, so it's not like they discourage my "churning". One bonus, per member, per lifetime and that would be that.
Apr 30, 2014, 6:09 pm
#14
Join Date: Apr 2014
Posts: 43
I changed my mind and will probably cancel this card after redeeming my $200 airline credit (within first 2 months of having the card). What is the best other AMEX card to open (bonus points wise) that I can link up with my AMEX platinum so that I won't lose my points earned so far?
This card just doesn't seem worth it to me since I plan on getting the Citi AA Exec card next with the lounge access
This card just doesn't seem worth it to me since I plan on getting the Citi AA Exec card next with the lounge access