If I sign up for a credit card that has a sign-up bonus (i.e., spend $500 in 3 months and get $100 cash; spend $1000 in 3 months and get 30,000 miles), pay the specified amount and earn the reward, and close the account, how long would I typically have to wait to perform the same maneuver again, on the same card? Is this even possible?
Assuming the credit card companies allow a customer to sign up again every 12 months, let's say I sign up for a card, get the bonus, and close the account. If I apply again the following month, will the credit card issuer A) deny me outright with no hard inquiry into my credit; B) deny me with a hard inquiry into my credit; or C) approve me but not grant the sign-up bonus, perhaps because there is a line in the contract which states this will happen?
Once I get the sign-up bonus for a given credit card, will that sign-up bonus forever be gone on that particular card? Must I wait for the issuer to issue a new card with a different sign-up bonus offer?