Originally Posted by
ChurnBabyChurn
Here's what I'm thinking...let me know the error in my ways...
The AMEXs (ie--SPG, DELTA, GOLD, ETC) Say you "can't get the signup bonus if you've had the product within the last year"...
So, don't I need to close it to get the clock moving on the "1 year"?
Also, if an issuer only lets yu have a certain number of cards (ie--only 4 chase cards at one time--or whatever)...doesn't canceling cards free you up for more signup bonuses??
ALSO--Note I'm not concerned about my credit score...just interested in keeping the signup gravy train flowing...
I can understand where you are coming from. I like to take advantage of sign-up bonuses as often as possible.
That said, I am keeping my (high signup bonus) cards a minimum of 6 months UP to a year. Occasionaly I'll hold onto a fee card if I like it (Chase Sapphire Pref).
At the same time, I'll hold onto other (fee free) cards from the same issuing bank indefinitely (ie churn Amex Gold...hold Amex Blue).
Maybe I balance my good and bad karma that way?
