wiivile wrote:It's not churning if it's just one card and all of the spend is "organic". Besides, I think they are required to refund the AF (prorated).
Never heard of a requirement to refund the AF; you agreed to pay it when you signed up for the card.
The churning vs non-churning debate can go on forever but to me, if you get a card expressly for the bonus, knowing you won't keep it, you are basically churning that card. A pattern of this doesn't look good on manual review, nor do lenders really care to keep customers who do that sort of thing. It's why the churners are the ones whining the loudest about never getting retention offers, etc. I'm not categorizing you as one of those, but just saying that you have to remember the lenders don't see or understand your intent or your thoughts, merely what you did -- opened, got bonus, now want to close and get some AF back. In Amex's eyes, you're not a very useful customer, and they may be reluctant to do much for you in the future. So to me, it's about not burning bridges. We are slowly seeing churners being cracked down on across all issuers -- amex, chase, citi, even comenity has started closing accounts of people who got the cards not necessarily for bonuses but just for "util padding". Bottom line is lenders want you to get a card so that you use it. Not for a buffer for your utilization or for a bonus. But to actually USE. If you don't want to follow that logic, then it's fine, but there are consequences as noted above.