I have Bank of America Alaska Airlines Visa credit card, which I use for collecting Alaska Airline MileagePlan miles. I have this card for the past one year, and last month I was charged $75 the annual fee for keeping the card one more year.
Retainer Bonus Miles Request
Since I did not want to pay the annual fee, I wanted to cancel the card. I called the Bank of America and told them I wanted to cancel the card. The Bank of America representative asked me why I want to cancel the card. I told her I am not planning to use the card and I want to cancel the card and get back the annual fee charged to the card.
She said would you like to keep the card if I offer you 5,000 Alaska Airline MileagePlan mile?. I told her I need to think about it and a few minutes later told her, would keep the card and asked her whether I have to meet any minimum spend requirement. She said no minimum spend is required, and I see the miles posted to my account within 4 to 6 weeks. I thanked her and hung up the phone.
Received 5000 Alaska Airline Frequent Flyer Miles
Recently when I checked the Alaska Airline MileagePlan account I saw the 5000 bonus miles got posted much earlier than 4 to 6 weeks as told by the representative.
Before you cancel any miles or points earning, credit card always check with the bank whether they will offer any retainer bonus before canceling the card.
Some folks may advocate you should cancel the card and reapply withing the next six months to get the full signup bonus of 30,000 miles which is a better deal.
I do not want to take that route. I always want to have a good relationship with the bank so that I can get approved if I apply for the card again. I do not want to apply for the card, get the bonus, cancel the card, apply for the card and get the bonus again cycle.