Originally Posted by FlyingExplorer

Thanks!

Why would it be dollar foolish?

Of course, I would only the card (and possible from some of the credit line to another Citi card) after the miles and the $200 statement credit have posted.

Saving $450 seems dollar wise to me if you put that much spend on the card that quickly. What am I missing?

I'm thinking of applying for card number 2 before closing card number 1. Because of the wait involved, I may then close card number 2 before applying for card number 3 (if the deal is still around). The benefits of holding the card are not really worth $450. Is this a bad idea?