Close account to get Discover Match?

[Swatch]

If someone has 2 cards, can they close one completely and then apply for a new one? To get the first year Match on their newest card.

I know it's bad for AAoA, but I am curious about doing this. I think it might benefit me in another way too. (I think it might help me get another business card if they see I have less personal credit currently extended, for business cards with PG.)

[coldfusion]

There's nothing that would prevent you from closing your card and then immediately applying for another one, but issuers have become wise to churning behavior - this is the classic definition of card churning - so I would expect that your followon application for a card would be declined, or if approved within a few weeks the new card would either be cancelled or youwould be informed that you were disqualified from the 1st year match when Discover reconciled their internal records.  

This behavior is why rules like the Chase Sapphire/Citi TYP 24/48 month SUB restrictions and the AMEX lifetime restriction came to exist.

[chiefone4u]

Discover used to allow a person to move credit from one card to another and close the card that's no longer wanted (seems Discover wanted to close the older account if I remember correctly).

Once you were back to one account, and the system cycled/updated you could open a new account and receive the cash back match as long as your remaining account was more than 12 month's old.

In current pandemic climate, it is quite possible they are no longer allowing such activities and as mentioned by @coldfusion would take adverse action after opening if they allowed you to open a new account. 

[AverageJoesCredit]

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@Swatch wrote:

If someone has 2 cards, can they close one completely and then apply for a new one? To get the first year Match on their newest card.

I know it's bad for AAoA, but I am curious about doing this. I think it might benefit me in another way too. (I think it might help me get another business card if they see I have less personal credit currently extended, for business cards with PG.)

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are you talking about having 2 Disco cards?

[Swatch]

Thanks!

[coldfusion]

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@AverageJoesCredit wrote:

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@Swatch wrote:

If someone has 2 cards, can they close one completely and then apply for a new one? To get the first year Match on their newest card.

I know it's bad for AAoA, but I am curious about doing this. I think it might benefit me in another way too. (I think it might help me get another business card if they see I have less personal credit currently extended, for business cards with PG.)

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are you talking about having 2 Disco cards?

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Yes, where both of them are presumably more than a year old so no more 1st year cashback match for either of them.

The thought was to close one of them and immediately reapply for another one in order to get a new Discover card with its 1st years cashback match.

[AverageJoesCredit]

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@coldfusion wrote:

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@AverageJoesCredit wrote:

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@Swatch wrote:

If someone has 2 cards, can they close one completely and then apply for a new one? To get the first year Match on their newest card.

I know it's bad for AAoA, but I am curious about doing this. I think it might benefit me in another way too. (I think it might help me get another business card if they see I have less personal credit currently extended, for business cards with PG.)

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are you talking about having 2 Disco cards?

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Yes, where both of them are presumably more than a year old so no more 1st year cashback match for either of them.

The thought was to close one of them and immediately reapply for another one in order to get a new Discover card with its 1st years cashback match.

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Ok. Yeah i actually had the three peat. When i first got my first Disco i felt it wasnt going to grow and was stuck at $4k. Fun times lol. I closed it. But she took a hold of me and i reapplied like 3 months later and got a second dcb  It. Once that card reached a year i got my only prequal in my life and got my Discover Chrome card. Dcb again. If i could combine id probably go for Miles but today's credit environment is not that good 😕 

[randomguy1]

OP - Do you max out the categories every month? How much do you think it will profit you?

Assuming you max out the categories every quarter, it would be $300 a year ($75 x 4) if my calculations are correct. If you already have the card and are okay with the credit limit, I personally would go for another useful card assuming I can meet said card's MSR.