I have a friend who do not have a good understanding about credit card games. I want to ask for her.
She had a cash magnet card before, but she closed it because of a sudden credit limit decrease due to inactivity in early 2020. She applied the bonus offer code she received in the mail and entered the code when she applied online, but she did not meet the spending requirement, so she did not get the bonus. But she did entered the code, so I think the american express system most likely considered she has already activated the code, but I am not sure if american express system will show that she never got that bonus. Now, she needs some extra money to buy things, and she wants to try to get some bonus offers. She has several conserns about the cash magnet bonus offer that she wants to apply.
1. Because she closed her cash magnet account recently less than a year, is that will affect her eligibility to get approved especially there are several application rules about american express. Does she has to wait in order to apply again?
2. Does she will get the bonus if she got approved based on her situation?
3. Is there a maximum bonus offer she can get from american express during 12 months period since she got the Blue Cash Preferred bonus 4 months ago?
4. She activated the bonus offer code once, but did not meet the spending requirement. If she apply again, does american express will consider that is bonus abuse or get her account closed?
5. Her credit karma is about 770, no negatives on credit. But she frequently open and close cards since she does not know the credit score game very well. I heard people say american express does not like people who open and close account frequently.
If you have any advice, I will transfer to her, and thank you very much.
