I have a C1 Venture One since 2013 (no annual fee) and recently got the Venture X ( February 2023) and its sign up bonus of 75,000 and I really love it. Was able to redeem for an international trip.

I am thinking of cancelling the Venture one (I don't have lots of credit card expenses and mostly use Venture X now), wait a year or so, downgrade current venture X to no annual fee, and then apply for a new premium card to get the sign up bonus?

I would appreciat any advice. Thank you in advance!