If the miles are already in your UA account, cancelling the credit card may not effect them. If they have yet to be delivered to your UA account (are in limbo) cancelling the cc will almost definitely effect them.
NOTE: In the bonus conditions there is a statement that if you close your account within 6 months of account opening, UA and Chase reserve the right to take away the bonus (25K in your case). I have not heard of this happening and I do know some who have closed the credit card account right after bonus points posted. However, that doesn't mean it won't happen in the future.
Basically, if I were you, I would wait until the six month term has elapsed and then close the account.
Check the specific T&C of the offer you signed up for for a definite answer.
So I should keep my current Chase Credit Card and apply for the new one?
Use up all the miles before I cancel any of the cards.
Check with MP rules to be sure, but they may be able to come after you if your miles balance goes negative. I really don't know whether they can or not, but it is definitely something you should look into before you do something like that.
Also you might want to wait until after you get approved for the next UAL card since if it's also a chase card they can block you for movement on your credit report. Opening and closing accounts is a negative reporter.
No need to be afraid - you won't get the miles. All their bonus programs are for first-time cardmembers only. You might get lucky after 2-3 years of not being a cardmember, but this soon? No way.
Second this comment. There have been several threads on this in the past - Chase is being dilligent in trying to make sure people can't churn cards to get the bonuses.
As for the "choices". If you cancel the card, these will most likely go away in a short timeframe. This is generally the rule of thumb with all credit cards (AMEX MR does this). AMEX gives you 30 days to use any remaining MR points if you cancel the card. I am pretty sure that Chase has a similar policy.
Programs: AA 2MM, US CP, DL PM, UA 1k <=> HH DM, SPG/ClubC/Marr G, Hyatt/IHG Plat, FT RA ( Recovering Addict)
Originally Posted by CrazyInteg
If you just want to switch to another card for the extra benefits you can just call Chase and they can move you to the new card. No need to cancel and re-apply.
No longer the case.
Was told that the type of card could not be changed after the new rules.
Originally Posted by L4LAKERSMAN
Thanks bniu, So I should keep my current Chase Credit Card and apply for the new one? Use up all the miles before I cancel any of the cards.
If you are serious, get the continental card as well - 30k bonus and 5 k for extra card member - you get to 66k already. Then get the continental debit card for 21k. Then the Amex rewards for 25k - tr to CO program. With all this, you should hit 125k soon, enough for a C award to almost anywhere. Remember the UA and CO ff programs have to merge next year.