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I cancelled my citicard about 3 months back.
Anybody have any experience on how long I'd have to wait before applying for the card and getting bonus miles again?
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I seem to remember seeing something about 90 days being the magic number.
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I seem to remember seeing something about 90 days being the magic number.
I waited for 6 months and applied it again. Get the bonus the second time too. Same with United but have no lunck on Amex Delta.
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If you cancel the card before a year is up do they take away the bonus miles? How long do you have to wait before cancelling?
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If you cancel the card before a year is up do they take away the bonus miles? How long do you have to wait before cancelling?
Dont think they take away the miles. Why would you cancel the card before the end of the first year anyways? You already paid the annual fee so you might as well get some extra miles from the card as it will not cost you anything to use it till next time the annual fee is billed which will be 1 year later.
I read about people who cancel cards once annual fee is billed for the 2nd year. Then wait 90-120 days re-apply get bonus again keep card 1 year till fee is billed again and repeat it.
The downside to doing this is it will affect your credit. As you open and close accounts it will lower you average age of your accounts.
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I guess the reason to cancel the card before 1 year is the quick turn around to apply for another one and get the same bonus.
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I guess the reason to cancel the card before 1 year is the quick turn around to apply for another one and get the same bonus.
You dont need to cancel your card to get another one. You can have 2 or more AA Visa/MC. And you can get the bonus for each time you open an account. A couple of posters on here have said they have 2-3 accounts from Citi AA MC. But You might want to goto Fatwallet.com and read the thread on MBNA closing and blacklisting card members who float balances between credit card.
And I dont see it been very hard for Citi to just blacklist people who have abused there sign up bonus programs. And to me a person who sign up and cancels account every 90-120 days is a clear abuser. Btw CC companies can choose just not do business with you that is not illegal.
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I maintain a Citi AAdvantage card and I churn one. The churn period I use with Citi is about 2 months because Citi will to try to re-open the closed account.
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such as give bonus miles for renewal, such churning probably would be reduced.
But since they treat existing customers like cash cow, just milk them for the annual fee, while sending solicitation to customers who have cancelled, with fat bonus, it forces people to play the game with them.
I know I do that because I have paid the AAdvantage card for years and never got any incentives for renewal year after year after year, while my husband cancelled his and he received solicitation from Citi every time to entice him back. Finally it dawns on me that Citi does not need to treat me well as I just pay the annual fee year after year after year ... So I decided to play the game the way Citi or all CC companies play with their customers.
You dont need to cancel your card to get another one. You can have 2 or more AA Visa/MC. And you can get the bonus for each time you open an account. A couple of posters on here have said they have 2-3 accounts from Citi AA MC. But You might want to goto Fatwallet.com and read the thread on MBNA closing and blacklisting card members who float balances between credit card.
And I dont see it been very hard for Citi to just blacklist people who have abused there sign up bonus programs. And to me a person who sign up and cancels account every 90-120 days is a clear abuser. Btw CC companies can choose just not do business with you that is not illegal.
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I'm going to receive the annual $85 fee bill in the mail next week for one of my Citi MCs. Are they offering retention bonuses, or should I firmly cancel that account and then open another (with whatever bonus they are offering) in a few months?
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How long does it typically take for sign-up bonus miles to post to your AAdvantage account?
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They have offered a retention bonus as high as 5k in the past but I have been offered smaller ones before too. When offered one of the smaller ones I have even said I would keep the card if you give me 5k and they said they couldn't do it. So yes, there is a retention bonus, but it could be anything. Even if you get a bonus it's not worth paying the $85.
How long does it typically take for sign-up bonus miles to post to your AAdvantage account?
The bonus miles should post to your AA account at the end of the billing cycle.
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Sorry, Dudeman: is one of your points that you would rather save the $85 than get 5,000 miles?
By the way has anyone got both the 5,000 miles plus wiave the fee. I heard receiving both from some other cards.
They have offered a retention bonus as high as 5k in the past but I have been offered smaller ones before too. When offered one of the smaller ones I have even said I would keep the card if you give me 5k and they said they couldn't do it. So yes, there is a retention bonus, but it could be anything. Even if you get a bonus it's not worth paying the $85.
The bonus miles should post to your AA account at the end of the billing cycle.
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Sorry, Dudeman: is one of your points that you would rather save the $85 than get 5,000 miles?
IMO 5k miles is not worth $85 just from the quick math. I would cancel the card as soon as the retention bonus posted so as long as the billing cycle hadn't ended there would be no annual fee. But now with the new 20k sign up bonus for both individual and business cards retention isn't worth the time.
BTW, I was really surprised at how easy it is to get an EIN for the business card. It can be done online in seconds.
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Dudemon-How do you get the 20K bonus? Checking their website yesterday shows 12.5 to 15K bonuses, depending on which card that you get.
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Dudemon-How do you get the 20K bonus? Checking their website yesterday shows 12.5 to 15K bonuses, depending on which card that you get.
I haven't actually applied for the card like Dudemon, but the link provided in another thread in this forum was this (http://www.aa.com/apps/netSAAver/ViewPromotionsDetail.jhtml?fileName=O1105_Citi20K_ CnsmrCD_WIDE.xml&repositoryName=PromotionContentRepository&itemDescriptor=PromotionContent&anchorLocation=Homepage_Bottom).
For more information, you can read the whole discussion of the 20K bonus here.
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Regarding the 20k bonus its unlikely that Citi will have it available for long. But as myself and another have been discussing these larger, more frequent, bonuses may be a sign of the new BK law that went into effect last month. Only time will tell on that.
On another Citi related note, did everyone else get their new Citi companion ticket today? I got a stack of them. It looks like I got one for every Citi card I've churned over the last 2 years. Has there been any discussion on the value of these yet?
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tried to cancel Citi AA card today; was offered 2000 miles which will post at the end of this billing cycle (in 7 days), to "think about it, no strings attached." My annual fee is due with the June billing cycle. How can I turn down 2000 free miles? Guess I'll be back on the phone with them in 3 weeks. ^
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Same happened to me (which I mentioned on another post). I cancelled after I saw the 2K bonus miles post with no problems.
tried to cancel Citi AA card today; was offered 2000 miles which will post at the end of this billing cycle (in 7 days), to "think about it, no strings attached." My annual fee is due with the June billing cycle. How can I turn down 2000 free miles? Guess I'll be back on the phone with them in 3 weeks. ^