I am going to receive a premium AMEX and a VISA card in a few days. I was enticed by the favorable bonus conditions under matching spending thresholds within three months. However, I noticed that in order to match the combined spending threshold by using both cards in the same period of time I will be required to stretch my budget above my intention.
I have 2 questions
1) When is a card going to be considered "active" and as such make me incur in the annual subscription fee? Is it from the acceptance day or from the day I actually activate the card by using it? In the latter case, I would be fine by keeping both cards. I would match card 1 threshold in about two months and then activate the second one and repeat.
2) In case cards are active since approval day, is there anything like a "change of mind policy" such that I ask the provider to cancel the card without incurring in the nasty annual subscription fee?
Thanks a lot!