Comments on: Amex 25k Bonus Point Offer Extended

By: BC

BC — Mon, 15 Oct 2007 17:24:24 +0000

Have to say thanks. Been on site reading for last few months for general advice. Never thought I’d make a deal too like this. Have good credit ( 800+ ) so one inquiry should be fine. Thanks again. Easy as clicking your click here button on this last day of the offer.

By: nickel

nickel — Tue, 09 Oct 2007 17:55:20 +0000

No penalties. I wouldn’t cancel before the reward shows up and you use it (6-8 weeks). Other than that, cancel as quickly as you want.

By: girlrobot

girlrobot — Tue, 09 Oct 2007 17:43:15 +0000

how soon after can you cancel the card? there’s no penalties?

By: VC

VC — Tue, 09 Oct 2007 17:29:30 +0000

Nevermind. I see the bonus info referenced on the next page after hitting the ‘Apply Now’ button.

By: VC

VC — Tue, 09 Oct 2007 17:25:53 +0000

Nickel, I don’t see anything on that landing page that references the bonuses. Have you seen something there before?

By: nickel

nickel — Tue, 09 Oct 2007 17:10:44 +0000

Huffles: I wrote an article addressing that exact point: Credit Card Bonus Chasing and Your Credit Score The bottom line is that this sort of thing has a relatively small and short-lived effect on your credit score.

By: Huffles

Huffles — Tue, 09 Oct 2007 16:58:37 +0000

What are the potential negative ramifications for my excellent credit score if I continually sign up for and cancel a credit card solely to take their sign up bonus? I’ve used a BOA Alaska Airlines card for many years (~5) and am paying off a balance at a low promotional rate with Chase. I’ve had the card for ~3 years.