Is it possible to apply for the Amex Explorer to gain the 110,000 bonus points and $400 credit, then before it renews I would cancel the card?
Or is there some downside that I am not taking into account.
As after I use up the benefits and cancel the card I would probably move to a Platinum Edge, as I would mostly only really be using it for groceries and petrol.
Thanks to any tips/help you can provide me.
Worth also adding that by the time the fee comes around, Amex may be permitting product upgrades/sidegrades from Explorer to other cards like the Edge, which may save you a full application. You wouldn’t get bonus points but it might make your life easier. Right now though I don’t think it is possible to upgrade or side grade to or from Explorer.