i want to take advantage of a major churn opportunity in the amex delta platinum (90k miles, $200 delta credit, $250 annual fee), but i’m hesitating due to the fine print here… is this new? would they really claw back the rewards, or even cancel me?

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Amex always had this sort of language but it has been tweaked recently to really hone in on folks who attempt to churn. They will clawback and I had a friend who fell victim last month.

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Wow

Amex will almost certainly claw back SUBs if you cancel within a year. I believe they'll refund the AF if you cancel shortly after 1 year but don't do it with any cards, let alone the Delta Gold AND Plat

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Sign Up Bonuses

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Amex cards have always had this language. But some sources say you can get it again after 7 years

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There are many many many Amex offers that are currently more lucrative

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some more details: i opened the amex delta gold a couple months ago and plan to cancel before the anniversary. i also am strongly considering canceling the marriott brilliant amex (this one i believe i renewed last year). then i have the regular amex plat that i will probably just swallow the ridiculous fee. am i playing with fire by opening another that i plan to cancel before the anniversary?

Related question: if I downgrade my Plat to a Gold before the 1 year anniversary - having received the 125k rewards points - are they going to claw back the points?

Trash

One of the many reasons I hate Amex and strongly prefer Chase products. Chase sets out clear rules and follows them. Chase makes it easy/often automatic to benefit from their card perks/credits (don’t have to register for a specific airline ahead of time or jump through other voter-suppression style hoops).

Chase has 5/24 though. And AMEX lets you know before you apply and they do a credit check if previous SUBs, the number of cards opened and closed, or lack of spend on cards will make you ineligible for the SUB

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