@kdm31091 wrote:
@red259 wrote:I was thinking about this today these changes actually could have really jammed me up recently. I had a Citi AA card which is a year old. Since I have the biz version as well I was going to close the personal card if there was no retention offer and then I was going to apply for the citi exec next year. I called in and there was no offer on the account, so I hung up and thought about it. Then I called back to cancel and they offered me a statement credit after $95 spend. I decided to keep the card. A few days later these changes were announced. If I had closed that AA card then I would be shut out of all AA cards for at least the next two years, so I am really lucky I decided to stay with the card even though I don't have a real need for it.
Actually, you wouldn't be shut out of the cards. You'd be shut out of the bonuses. Technically this rule isn't as bad as Chase's. At least with Citi, if you truly just want the card for long term use, you can still be approved, you just aren't getting the bonus. With Chase you are SOL no matter why you want it.
I guess that is technically true but being I have a business AA card with duplicative benefits and I get AA lounge access from the prestige at least for another year I don't see why I would app for a card without bonus.
;
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:I do not know if we have discussed the Citi new rules. They have limited their bonuses per 24 months opened or closed to co-branded accounts. If you want to apply under the old rules, August 28, 2016 is the last chance
I wish Chase did this instead of their 5/24 rule.
They do. Chase limits their bonuses to once every 2 years as well. The 5/24 is in addition.
When did Chase impose this? I was able to get my Marriott card bonus late 2014 and my Ritz card bonus early 2015.
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:I do not know if we have discussed the Citi new rules. They have limited their bonuses per 24 months opened or closed to co-branded accounts. If you want to apply under the old rules, August 28, 2016 is the last chance
I wish Chase did this instead of their 5/24 rule.
They do. Chase limits their bonuses to once every 2 years as well. The 5/24 is in addition.
When did Chase impose this? I was able to get my Marriott card bonus late 2014 and my Ritz card bonus early 2015.
Chase doesn't do what Citi does exactly. For quite awhile Chase has limited the bonus to once every two years. However, unlike citi its per card so the ritz and marriott are two different products.
Thanks Red259. I will look to take your advice
@CreditUnionFan wrote:Chase limits applying for ANY credit cards, not just theirs, when they apply the 5/24 restriction. So, those department store cards that might've tempted you with an easy 10% discount now result in an automatically denied application for the card. (and of course no bonus). My understanding about Chase's terms for bonuses are that you cannot have received the bonus for two years prior. So if I have the Chase Sapphire Preferred, cancel it at the end of the first year, in another year (as long as I'm still under 5/24 for new accounts) I can reapply just past the two years from the initial application.
With the new Citibank two-year condition, you can still get the card. You won't get the lucrative sign-on bonus/incentive within the same card family. So if you picked up a Thank You point card like the Preferred or Premier, you won't earn the bonus for the Prestige, because they're all in the same family. You can still apply for the card if you really want it, but you'd pass up on bonuses that the other cards in the family didn't offer. (e.g. Global Entry is only available on the Prestige, not with the other TYP cards) Additionally, the two-year clock starts when you apply for the card, but then will reset to the closure date if you close a card within the family.
Drat, they figured out my plan to try to convert my Hilton Visa to a Double Cash. If the two years didn't reset at account closure, I would've done without a Hilton Visa for a year.
I also now have to make the decision whether I want the Prestige before August 28th. I wanted to garden for a while...
Yea its worth noting that a product change does count as an account closure in Citi's eyes, which resets the clock. Its almost like there is more incentive now to signup get the bonus and then close the card as soon as bonus posts to start the two year clock running, unless you are going to keep the card for two years. .