American Express has a very strict policy on earning sign - up bonuses, only allowing you to earn the bonus
on a particular card once in your lifetime.
Not exact matches
In
particular, if you had, say a
card that gave you 3 % off restaurants, you'd want to NOT use that while you've yet to reach the $ 6,500
on the AmEx, but would want to use that other
card once the AmEx was past the $ 6,500.
Once you've worked
on getting your credit score over a
particular threshold, you may need to conserve cash if your liquid reserves are too low, or pay down your credit
cards if your debt - to - income ratio is too high.
With an airline
card, for example,
once you've canceled your account, you may or may not have enough miles for a round - trip airfare
on one
particular airline.
American Express has one of the strictest sign - up bonus policies in the industry, restricting cardholders to earning the bonus
on a
particular card only
once in a lifetime.