Can I repeat sign up cash bonus cycle?

[terms-of-use]

Applied for credit card. Spent predefined amount. Got promotional cash bonus $200. Paid balance. Closed credit card.

When will I receive (if ever) next offer for credit card with cash bonus from the same company? Years? Decades? Never?

Generally across the board what are "rinse, repeat" friendly companies?

Thanks.

[Jnbmom]

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@terms-of-use wrote:

Applied for credit card. Spent predefined amount. Got promotional cash bonus $200. Paid balance. Closed credit card.

When will I receive (if ever) next offer for credit card with cash bonus from the same company? Years? Decades? Never?

Generally across the board what are "rinse, repeat" friendly companies?

Thanks.

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It's called card churning and banks don't like and most have rules in place AMEX, Chase and Citi to name a few .

[FireMedic1]

It would help who your posting about. Welcome to the forums. Not a good practice close cards after the SUB. Go donate plasma and save a life and it doesnt go on your credit report.

[longtimelurker]

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@Jnbmom wrote:

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@terms-of-use wrote:

Applied for credit card. Spent predefined amount. Got promotional cash bonus $200. Paid balance. Closed credit card.

When will I receive (if ever) next offer for credit card with cash bonus from the same company? Years? Decades? Never?

Generally across the board what are "rinse, repeat" friendly companies?

Thanks.

---

It's called card churning and banks don't like and most have rules in place AMEX, Chase and Citi to name a few .

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Well, yes and no.   The rules can also be viewed as what is tolerated.    Issuers policies can also vary by card, e.g. Chase Sapphire series have a 48 month period between bonuses on any card in the family, Amex has a "once per lifetime" bonus policy on cards that is probably more like "once every seven years"

But unless a repeat bonus is particularly great, it can also make sense just to go for ones on new cards with new issuers and avoid any complications

[longtimelurker]

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@FireMedic1 wrote:

 Not a good practice close cards after the SUB. 

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This.   Probably should wait a year or so after receiving the bonus (if there is an annual fee you don't want to pay, wait until that is charged).   This makes it a tiny bit less obvious on manual review that you just got the card for SUB.  You gave it a try and after a year sadly decided it wasn't a good fit.... (and two years later you make exactly the same mistake....  Oh well!)

[terms-of-use]

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@longtimelurker wrote:

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@Jnbmom wrote:

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@terms-of-use wrote:

Applied for credit card. Spent predefined amount. Got promotional cash bonus $200. Paid balance. Closed credit card.

When will I receive (if ever) next offer for credit card with cash bonus from the same company? Years? Decades? Never?

Generally across the board what are "rinse, repeat" friendly companies?

Thanks.

---

It's called card churning and banks don't like and most have rules in place AMEX, Chase and Citi to name a few .

---

Well, yes and no.   The rules can also be viewed as what is tolerated.    Issuers policies can also vary by card, e.g. Chase Sapphire series have a 48 month period between bonuses on any card in the family, Amex has a "once per lifetime" bonus policy on cards that is probably more like "once every seven years"

But unless a repeat bonus is particularly great, it can also make sense just to go for ones on new cards with new issuers and avoid any complications

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Closed one card. Will see in a few years how it goes. Thanks.