Closing AAdvantage card after receiving bonus - Do I need to worry about clawback?
Mar 28, 2016, 8:16 pm
#1
Original Poster
Join Date: May 2015
Posts: 183
Closing AAdvantage card after receiving bonus - Do I need to worry about clawback?
I recently opened a Citi AAdvantage gold card. The only reason I opened it was for the 25K signup bonus. From my perspective there is no advantage to keeping the card open. The credit line is minimal and the card does not offer any benefits that I don't already receive through other cards. The bonus posted to my frequent flyer account on my first statement. I am planning to close the account in order to raise the average age of my open accounts. Should I be worried about Citi attempting to clawback the points?
Mar 28, 2016, 8:40 pm
#3
Original Poster
Join Date: May 2015
Posts: 183
Believe it or not I had actually read that wiki over half a dozen times before I had applied for the card but I am afraid that detail did not stick. Thanks for pointing me in the right direction!
Mar 29, 2016, 2:47 pm
#4
FlyerTalk Evangelist
Join Date: Aug 2009
Location: ZOA, SFO, HKG
Programs: UA 1K 0.9MM, Marriott Gold, HHonors Gold, Hertz PC, SBux Gold, TSA Pre✓
Posts: 13,811
No. Once deposited, it is yours. In some cases, there is nothing to clawback as they are used.
However, Citi can exercise its discretion to blacklist you permanently for immature closure.
Mar 29, 2016, 9:42 pm
#5
Original Poster
Join Date: May 2015
Posts: 183
My understanding is that certain credit scoring models only consider the average age of open accounts. By closing my newer open accounts I should be able to take them out of the equation.
Mar 29, 2016, 11:25 pm
#6
FlyerTalk Evangelist
Join Date: Aug 2009
Location: ZOA, SFO, HKG
Programs: UA 1K 0.9MM, Marriott Gold, HHonors Gold, Hertz PC, SBux Gold, TSA Pre✓
Posts: 13,811