Complete List of Card Sign Up Bonus Rules

In the past, a common practice among miles enthusiasts was
to apply for cards, cancelling them after a certain period of time, and after a
short period reapply to receive lucrative sign up bonuses again.

Over the past two years, banks have been taken notice and as
a result these days the rules on who’s eligible for a sign up bonus have
tightened up significantly.

The following are the current sign up bonus rules for each
of the major three card providers:

Citi

Applicants are only eligible for a sign up bonus in each
product category every 24 months from your last open or closed account. Effectively
this means if you opened any one of the Citi American AAdvantage card products,
you’re ineligible for a sign up bonus for all other Citi AAdvantage cards.

The same rule applies for the Citi Thank You Preferred
cards.

Chase

Applicants who have opened 5 or more cards in the past 24
months will not be approved for most Chase credit cards. The good news is
business cards with Amex and Citi do not count towards this rule. The jury is
still out there whether Chase business cards do count. Also, there are a few
cards that this rule does not apply to including the Chase IHG, Hyatt, and
British Airways card.

American Express

Applicants are only eligible for a sign up bonus once per
card product. This means if you decide to cancel your American Express card and
reapply, you will not be eligible to receive a sign up bonus.

Bank of America

Applicants are only eligible for a sign up bonus once every
90 days per card product.