IMHO, nope. The "new laws" which I assume refers to the new consumer protection laws and regulations on the federal level, don't appear to effect this.

Don't believe everything you read in American Bankers' Association inspired press releases and stories.

If you have a source for this, please post it here. @:-)

PS As others have noted in this thread it is FT SOP to close cards and get new signing bonuses on a new card. Kinda makes me feel like a pro-baseball player getting that signing bonus!