Originally Posted by
Tr60
I have cancelled only one so far. However, I am about cancel some:
-Got Amex SPG and Amex SPG Business: I got the 30K bonus for each after meeting the minimum spend on both. I am thinking of cancelling the Amex SPG business before the 1 year anniversary so that I can re-apply after 12 months from closure. I thought that the account has to be closed for 12 months before I am eligible for the bonus again.
Yes, 12 months from closure. But close the personal one, the biz one has OPEN savings.
-Got the Amex Hilton with 40 K bonus only
(could not get Amex give me the extra 25K) and will be upgrading to surpass soon.
You will likely have to wait till one year since you applied due to a provision in the card act.
-Got the Chase Freedom with $300 cash back after first use. I am thinking of cancelling it also so that I can re-apply after 1 year.
Bonus is down to $100. Keep it and use the 5% categories. Juice isn't worth the squeeze.