Originally Posted by
levilevi
What's the general though process on cancelling a card AFTER given a retention bonus?
I cancel it anyway.
Personally, I don't apply for cards that are not beneficial to me (either reward earning structure or churning). So when I cancel a card, my reason is either the card will be up again for churning, or the reward earning structure has been changed dramatically.
(This is why I have some very old cards and very new cards.)
Originally Posted by
levilevi
Does it change things for you if it was a fee-waiver or points? Immediate bonus or after a spend requirement/challenge?
No. I will rather churn the same or similar cards instead.
Originally Posted by
levilevi
Just wondering people's opinions both ways, also actual experience - did the CC company "black list" you? Claw back credits/points (assuming you didn't lose your points - i.e., other open cards or transferred out)?
This is one of my major concerns. If you mean to close the account, why bother getting some freebies to risk? And seriously - the offers given are usually worse than new card offers anyway.
So I pass the whole retention thing and straight to close.