Sometimes we see really big credit card bonuses come along like the Citi Executive AAdvantage 100,000 mile offer after spending $10,000 in 3 months. For many, $10,000 in 3 months isn’t feasible unless unless they manufacture spend or they have some big project coming up like remodeling the house. One question that I’ve seen asked numerous times is “what if I buy a refundable first class ticket that costs over $xx,xxx and then cancel the ticket after my miles have been awarded?”
Well I have some bad news, in most instances this will not work. If you were to try this with the Citi Executive card when the 100,000 mile offer was live, you most likely would have seen your miles clawed back from American Airlines and you’d even risk having your AAdvantage account shutdown.
Here are a couple other scenarios:
- What happens if you collect the miles and then cancel your card? Citi will still find a way to report to American Airlines what has happened.
- What if I book my flight so the miles are no longer in my account? The airline will then cancel your award flight and you’ll have to re-book and pay for the flight!
I’ve never done this before, nor will I probably every try. If you’ve had success, I would love to hear from you. However, my advice would be don’t try it!