Originally Posted by
xooz
So the possible lesson here is that cancelling an Amex card rather than "sock-drawering" it allows you to avoid the once per lifetime limit on sign up bonusses and turns it into a 7 year block on bonusses. Did I get that right?
Yes, though why you would sock drawer cards with substantial annual fees is completely puzzling to me (and the bonuses on the no annual fee cards, save for perhaps the AMEX Hilton, are pretty "meh"- 10,000 MR points or DL miles isn't an amazing amount to play a churn game for).
I mean... maybe the AMEX Hilton Surpass if you MUST have Hilton Gold... except the Surpass earns really well for Hilton stays, and if you're not staying at Hiltons/using the card to pay for stays, why do you need the status?