Canceling credit card after minimum spend before 3 months?

Hi there,
It’s great to see some banks offering substantial sign up bonuses with new cards. I have a few expensive items to buy in the near future and to maximize my points gain I would like to spread it over multiple cards. Hypothetically, if i were to spend the minimum $3000 in a month, do I have to wait the remaining two before getting the points and closing the card?

Thank you in advance!

kind regards, Maxwell

Hi Maxwell,

There is not much stopping you from cancelling any credit cards.

If you are in it just for the points, you can wait till you have all the points transferred away or after monthly swept away before cancelling.

This is of course frowned upon by banks or financial institutions.

Good luck.

Why not cancel after 11 months? You still won’t incur an annual charge