Category Archives: Cancel Credit Card

Should You Keep the Southwest Card AND This Flexible Travel Card?

Million Mile Secrets reader, Susan, commented:

Is there a benefit to having both the Southwest Rapid Rewards® Premier Credit Card and Chase Sapphire Reserve?  Our travel plans do not include any Southwest flights for the next 18 months.

Great question, Susan!

The only major perk you’ll give up by getting rid of the Chase Southwest card is the annual Southwest points bonus you receive on your card anniversary.

The 6,000 bonus Southwest points offset the card’s annual fee, which for some folks is a reason to keep the card open.

But you’ll earn more flexible Chase Ultimate Rewards points and get better bonus spending categories with the Sapphire Reserve.  And you’ll still have the option to transfer points to Southwest to book an award flight.

Should You Keep The Southwest Card AND This Flexible Travel Card

Everyone Gets 2 Free Checked Bags With Southwest.  So the Only Major Perk of Having the Southwest Card Is the Anniversary Points Bonus

I’ll explain what else you should consider if you’re thinking of cancelling the Chase Southwest card.

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Will You Lose Flexible Points If You Cancel a Card?

 Million Mile Secrets reader, Fran, emailed:

I was told by an AMEX representative that I would lose my AMEX Membership Rewards points if I cancel my Premier Rewards Gold Card from American Express.  Is this true?

Generally speaking, if you cancel a card that earns flexible bank points, you will lose them.  This goes for cards that earn AMEX Membership Rewards, Chase Ultimate Rewards, and Citi ThankYou points.

Certain banks give you a grace period to use points after cancelling a card.  But there are also a few ways to preserve them.

Preserve Flexible Reward Points

Flexible Points Are the Key to Big Travel!  So Don’t Let Those Hard-Earned Points Disappear by Cancelling a Credit Card!

I’ll explain how to avoid losing flexible rewards points.

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Top 7 “Premium” Cards You Can Try for Free

The easiest and fastest way to earn lots of miles & points is to sign-up for credit cards with big bonuses.

The biggest bonuses usually come from “premium” cards with valuable perks, like the ability to transfer points for Big Travel, bonus categories, free checked bags, and more.  But they usually have an annual fee.

However, some cards waive the annual fee for the first year.  So you can try the card at no cost!

Best Premium Credit Card

With the Top Card on This List, You’ll Earn Valuable Chase Ultimate Rewards Points That You Can Transfer to Travel Partners for Big Travel!

Here are my 7 favorite “premium” cards that waive the annual fee the first year of card membership!

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“How $6 Dropped My Credit Score 100 Points”

Daraius:   Team member Harlan told me a story about how his credit score dropped unexpectedly.  So I asked him to share his experience with Million Mile Secrets readers.  So they can avoid it happening to them!

Harlan:   Thanks, Daraius!  I clearly remember the day I got an email from Credit Sesame with a “Delinquent Account” alert.

Cancel Recurring Payment

One Small Recurring Payment Ruined My 800+ Credit Score

After I clicked through, I saw my credit score had dropped 100+ points because of a recurring charge on a canceled AMEX card!

I knew how important good credit is for earning lots of miles & points with sign-up bonuses.  So I immediately called to find out what happened.

Here’s what I learned.  I’ll also give some tips so this never happens to you!

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What Happens If You Use Credit Card Points to Book a Flight and Then Cancel the Card?

Million Mile Secrets reader, Reggie, commented:

My Citi ThankYou Premier card annual fee is coming due soon.  I already used Citi ThankYou Points earned on this card to book flights.  If I cancel the card, will my flights get canceled?

Great question, Reggie!

There will be no changes to Reggie’s scheduled flights if he cancels the Citi ThankYou Premier card.

When Reggie booked flights through the Citi travel portal, he essentially paid with a cash equivalent.

If he needs to change or cancel the booked flights in the future, he’ll deal directly with the airlines.  So it won’t matter if his Citi card is active.

Cancel Credit Card Points Flights

When You Redeem Credit Card Points for Airfare, You Can Take-Off as Planned! Even If You Cancel Your Card, There Will Be No Changes to Your Scheduled Flights!

I’ll explain why booking through credit card travel portals can be a good idea.  And what Reggie should consider before canceling his Citi card!

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How Does a Chase Product Change Impact Earning Future Sign-Up Bonuses?

Update:   One or more card offers in this post are no longer available.  Check our Hot Deals for the latest offers. 

Million Mile Secrets reader, Mike, commented:

I recently got the Chase Sapphire Reserve and will product change my existing Chase Sapphire Preferred card to the Chase Freedom or Freedom Unlimited.  Will I be eligible to open a new Sapphire Preferred card in 24 months and earn a sign-up bonus at that time?

Excellent question!

I understand why Mike wants to product change his Sapphire Preferred to a no annual fee Chase card after getting the Sapphire Reserve.  He’ll save money on the Sapphire Preferred’s $95 annual fee while getting better perks with the Sapphire Reserve!

The good news is after you convert the Sapphire Preferred, Chase no longer considers you a cardholder.

This means Mike WILL be eligible to earn a sign-up bonus on Sapphire Preferred card in the future.  But there are certain rules to know.

Chase Product Change Future Sign Up Bonuses

Earning Future Chase Ultimate Rewards Point Sign-Up Bonuses Is Important, So You Can Get Big Travel With Chase Travel Partners Like Hyatt!

I’ll explains Chase product changes to help folks earn the most sign-up bonuses in the future!

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Now Open to New Applicants: Earn 40,000 Miles With Barclaycard AAdvantage Aviator Red

Update:   One or more card offers in this post are no longer available.  Check our Hot Deals for the latest offers. 

Looking for more ways to earn American Airlines miles?

Via View From the Wing, you can now apply for the Barclaycard AAdvantage Aviator Red card!  You’ll earn 40,000 American Airlines miles after your first purchase and payment of the $95 annual fee.  And you’ll earn an extra 500 American Airlines miles if you apply in-flight!

This card was previously only available to folks who converted their old Barclaycard US Airways credit card during the US Airways – American Airlines merger.

We don’t earn a commission from these cards, but Emily and I will always point you to the best deals.

Now Open To New Applicants Earn 40000 Miles With Barclaycard AAdvantage Aviator Red

40,000 American Airlines Miles Is Enough for a Round-Trip Coach Flight From the US to Peru!

I’ll help you decide if you should apply!

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Worth It to Keep 2 American Airlines Credit Cards?

Million Mile Secrets reader, Juli, commented:

I have two American Airlines credit cards, the Citi® / AAdvantage®
Platinum Select® World Elite™ Mastercard®
 and Barclaycard AAdvantage Aviator Red MasterCard.  Are both of these cards worth keeping?

Great question, Juli!

The 2 cards have very similar perks.  You get bonus miles on American Airlines purchases, a free checked bag, and a 10% rebate when you redeem miles for award flights.

Because these 2 cards have an annual fee and similar benefits, it’s probably not worth keeping both.  The only exception is if Juli plans to spend a lot on the cards to earn American Airlines elite status.

But before Juli cancels one of the cards, she should consider the application rules for each bank.  This can make it easier to earn more American Airlines miles with future sign-up bonuses!

Keep 2 American Airlines Cards

There’s a Strategy for Folks Deciding Between Which American Airlines Card to Keep in Their Wallets!

I’ll explain which American Airlines credit card Juli should keep!

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Has Chase Changed The Way They Refund Annual Fees?

Via Doctor of Credit, Chase might have a new policy for reimbursing annual fees when you cancel or downgrade a credit card.

In the past, folks could get a prorated refund up to 6 months after paying a card’s annual fee.  This means if you paid a $100 annual fee, you could cancel or downgrade 6 months later and get $50 back.

But now, you might only have 30 days to cancel or downgrade and get a credit for the annual fee after it is billed.

Chase Annual Fee Reimbursement

There Are Potential Changes to the Chase Annual Fee Reimbursement Policy!

I’ll explain why this change shouldn’t affect most folks!

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Can I Earn the Barclaycard Arrival Plus Bonus Again?

Million Mile Secrets reader, Amber, commented:

I have had the Barclaycard Arrival Plus before.  I closed it early last year.

I’m considering applying for it again, but the terms say the bonus offer is valid for first-time cardmembers with new accounts only.  Existing cardmembers and existing accounts are not eligible for this offer.  Does that mean I will not be able to get the 50,000 points since I had the card before?

Great question, Amber!

In practice, you can earn the bonus that comes with the Barclaycard Arrival Plus more than once.  But the terms and conditions definitely give Barclaycard the right to not give you the bonus!

Can I Earn The Barclaycard Arrival Plus Bonus Again

Your Barclaycard Arrival Miles Can Be Used for Almost Any Travel Purchase, Including Transportation Like Limousines!

I’ll tell you what we know about being approved for the Barclaycard Arrival Plus bonus more than once.

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