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Step 2: Ready to Play with Miles and Credit Cards?

Some things you'll want to understand as you begin applying for credit cards. American Express cards have a "once in a lifetime bonus" rule.  What that means is you can only earn the bonus on each of their cards one time in your life (so make sure you apply when a bonus is at it's highest or close to it, since you only get one shot!).  Remember though, there are lots and lots of Amex credit cards (especially if you are married and your spouse can also apply for each amex card) so this rule isn't really all that "restrictive".  For example, my husband and I can each apply for and earn the bonus on the Delta Gold card, AND the Delta Platinum card.  Just because you have already had one Delta amex card doesn't mean you can't earn the bonus on a different Delta amex card.  HOWEVER, you must work your way up (not down) in order to earn each cards bonus.  For example start with Delta Gold, cancel after a year, then later apply for the Delta Platin...