New Policy from AMEX - No more than 4 AMEX issued credit cards
I haven't applied for any credit cards recently in fact I've been closing accounts where the annual fee became due. I decided to start a credit card churn last month so first application was for the no annual fee Amex Hilton for 40K points for $750 spend within 90 days + a limited (now expired bonus - sorry) of 25K points for an additional $3K spend within 6 months link.
When I clicked submit I got the message they would need more time to consider my application. I got a call a few days later from an AMEX rep who said they received my request for the new card but due to a new policy of no more than 4 AMEX branded cards per person (business and personal) she could only approve my app if I closed 2 other accounts. (Note: AMEX cards issued by banks etc are not subject to this limit)
This was actually ideal because I had recently just closed 2 gold cards (where I netted 175K bonus Membership Rewards points) but still had two Delta Gold cards (personal and business) where I netted a bonus of 80K Delta points, where the annual fee was now due so I asked her to close those and she went ahead and approved my Hilton card.
Hilton points are not worth a lot e.g. 30K points will get you 1 night at a reasonable hotel with a standard nightly rate of ~$200 so this offer is worth approx $400 (not bad for 5 minutes work).
I recently converted the 75K bonus miles from the Bank of America Virgin Atlantic card into 150K Hilton points (here's how) so I now have a nice little nest egg of $250K Hilton points. I'd like to add to that so next up on the churn is the no annual fee Citi Hilton Visa.
Note: I don't receive referral commissions for any credit cards
When I clicked submit I got the message they would need more time to consider my application. I got a call a few days later from an AMEX rep who said they received my request for the new card but due to a new policy of no more than 4 AMEX branded cards per person (business and personal) she could only approve my app if I closed 2 other accounts. (Note: AMEX cards issued by banks etc are not subject to this limit)
This was actually ideal because I had recently just closed 2 gold cards (where I netted 175K bonus Membership Rewards points) but still had two Delta Gold cards (personal and business) where I netted a bonus of 80K Delta points, where the annual fee was now due so I asked her to close those and she went ahead and approved my Hilton card.
Hilton points are not worth a lot e.g. 30K points will get you 1 night at a reasonable hotel with a standard nightly rate of ~$200 so this offer is worth approx $400 (not bad for 5 minutes work).
I recently converted the 75K bonus miles from the Bank of America Virgin Atlantic card into 150K Hilton points (here's how) so I now have a nice little nest egg of $250K Hilton points. I'd like to add to that so next up on the churn is the no annual fee Citi Hilton Visa.
Note: I don't receive referral commissions for any credit cards
Tags: ..New Policy from AMEX - No more then 4 AMEX issued credit cards..
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3 comments:
The AMEX 4 revolving card limit has applied to me for the last 2 years. They always first deny me then call me and ask me if I want to close one to get the new one.
Interesting. I presently have 4 personal and until a week ago had 2 business accounts. The newest one is a Biz Gold opened just prior to Thanksgiving.
@Jack & ArizonaGuy: interesting - may be case by case then - I had 8 cards until recently but now just 4
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