Why november ?Kiraly wrote: ↑ New deal for opening a new SC Preferred card: 10% back on first $4k spent. $99 AF still applies, so you get $301. american-express-amex-simplycash-prefer ... #p33055125
If you're going to churn and burn, make sure you complete your spending by November, since any spending you do after that won't be paid out until November 2021, after you've paid the second year's annual fee.
I read it’s annual credit, so it should be on september 2021 statement if you apply this month.
When you are charged second annual fee, you have 30 days to downgrade to no-fee card or cancel, they will reverse the fee.
Churning canada subreddit people seem confident on this