Which credit cards can you get bonuses for again

WHY WOULD YOU WANT TO GET THE SAME CREDIT CARD AGAIN?

Simply put, the BEST way to earn a lot of points quickly is via a credit card sign up offer.
But did you know… that you can get most cards AGAIN? You simply have to wait a specified amount of time and then you can downgrade or cancel your current card, wait a few weeks, and apply for a new card to get the new sign up bonuses.

This is especially useful if a card you are holding comes out with an elevated offer and you are eligible to receive the sign up bonus again.

CHASE

Chase Co-Branded Cards
Here are some cards you can get a new welcome offer 24 months from last welcome offer (but not limited to)…
The World of Hyatt Credit Card
Marriott Bonvoy Boundless® Credit Card
Marriott Bonvoy Bold® Credit Card
Southwest Rapid Rewards® Plus Credit Card
Southwest Rapid Rewards® Priority Credit Card
IHG One Rewards Premier Credit Card
As well as the United, Aeroplan, British Airways, Aer Lingus and Iberia co-branded cards

Have I personally gotten the sign up bonus more than once on any of these cards?

Yes for the Southwest cards.
This is a very popular strategy to earn the Southwest Companion Pass every 2 years. It is the most common strategy.

No for all other cards.
For the hotel cards we have (Hyatt) we find that the annual free night certificate that comes with them (after 1 year) is reason enough to hold the cards.

At one point we had the United℠ Explorer Card – we opened it for the large sign up bonus. Then after 1 year of having it, we downgraded to the $0 annual fee United Gateway℠ Card.

Going forward strategy on these cards:
I will continue to close/reopen Southwest cards as needed.

CAPITAL ONE VENTURE CARDS

➡️ Capital One Venture X Rewards Credit Card
Not eligible for new welcome offer if you’ve earned a Venture X bonus in the past 48 months

➡️ Capital One Venture Rewards Credit Card
Not eligible for new welcome offer if you’ve earned a Venture X or Venture bonus in the past 48 months

➡️ Capital One VentureOne Rewards Credit Card
Not eligible for new welcome offer if you’ve earned a Venture X, Venture, or VentureOne bonus in the past 48 months

💡 In short: Moving up is the best strategy for welcome offer eligibility:
VentureOne → Venture → Venture X

You also need to space Capital One personal credit card applications by minimum 6 months apart.

Have I personally gotten the sign up bonus more than once on any of these cards?
No, I have not.

Going forward strategy on these cards
I will always keep the Capital One Venture X card as I’m obsessed with the lounge access and am lucky to have a Capital One lounge at our home airport (Denver). I find HUGE value in this card.

The Capital One Venture Rewards card was worth getting for the sign up bonus for sure. But with the $95 annual fee, and no unique benefits I don’t already get with other cards, I will likely cancel this card after holding it for 1 year.

AMERICAN EXPRESS

American Express in general has a “lifetime” rule that you can not get the sign up bonus on their cards more than once. However, many people (not me), report that lifetime is generally 5 – 7 years and that you could then get the sign up bonus again.

The thing I like about American Express cards is that, usually, when you are applying for a card with a sign up bonus, right before you hit submit, it will actually tell you if you are eligible for the sign up bonus or not.

Have I personally gotten the sign up bonus more than once on any of these cards?
I have personally closed and reopened (with NLL offer) American Express® Business Gold Card.

Going forward strategy on these cards:
For personal cards, I only have The Platinum Card® from American Express.

Because American Express recently changed their rules, I am now not eligible for a sign up bonus on the American Express® Gold Card (you aren’t eligible for the sign up bonus on the American Express® Gold Card if you have or have had The Platinum Card® from American Express). Therefore, I may downgrade my Platinum card to the Gold card when my annual fee ($695) hits. Or, I may continue trying to make that huge $695 fee worth it.

HOW DO I KNOW WHICH CARDS HAVE ELEVATED OFFERS?

If you are thinking about closing/reopening any cards, you can check out current card offerings here.

Questions? Don’t hesitate to let me know!

Thank you for supporting my small business! When you use my affiliate links to apply for a credit card, I earn a commission from the bank. But you still get the same great offer! And this helps me keep my guides and personal help free.

Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.