Hidden Benefits of Canceling a Credit Card Near the Anniversary

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On my most recent round of credit card applications I applied for my second US Airways® Premier World MasterCard®. In my opinion if there is one card to apply for, it’s this one especially before it is gone sometime in 2015. With the card you will earn 40,000 US Airways miles after making the first purchase and paying the $89 annual fee.

A little to my surprise I was approved for this card again after closing the card several months ago. I had previously held the card for a year and paid the first year’s annual fee, but decided to cancel it when the second year’s fee was set to post.

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A few months passed and I actually received some of the card’s anniversary benefits in my mailbox a few weeks ago including the companion ticket good for two people to fly for $99 plus taxes and a complimentary US Airways Club day pass.

This is not the first time I have had this happen. Interestingly, I have received two free lounge passes long after closing a United Explorer credit card. Whether or not the the lounge passes were already sent or in a different system is beyond me, but it seems that the processing on them does not get canceled fast enough when a card is canceled very close to the anniversary date.

Being able to receive some of the credit card’s perks for the next year without even keeping the card is a nice, but is it fair to try to game the system? It didn’t even occur to me when I called into cancel the card and I am sure many others cancel their cards close to the date that the annual fee is set to post. I guess the question is: Is it the credit card company’s problem that they do not track or cancel the additional card benefits that they send out upon account anniversary? Whether or not they track it or isn’t worth the processing, at the end of the day we win.

Have you received lounge passes or other benefits after closing a card? Is it fair game to close an account right before or after the anniversary as a tactic to score more perks?

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1 thought on “Hidden Benefits of Canceling a Credit Card Near the Anniversary”

  1. I got a mailed invitation to apply for a second while still having the first open, I think they’re keen to get people using this card. Their award chart wasn’t too useful to me at 40,000 points banked but now I will have 80,000 I’d be tempted to spend a bit more to get wherever I want to go 🙂

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