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Old Feb 24, 2011 | 4:06 pm
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tassojunior
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Originally Posted by biggestbopper
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!
I've been on the phone the past 2 days with Citi trying to change my bronze back to a regular full-featured AA card. Five different people including supervisors have told me that under the new federal laws they may not convert a no-fee card into a fee card.

And Citi has stopped allowing people to open new AA cards if they held a prior AA card. "The jig is up". (Chase and AmEx allow you to open a new one but usually don't let you have the same bonus twice).
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