AMEX points - what to do.

[zb2012]

I have an issue that I was hoping you could help me out with. I recently signed up for the AMEX Premier Rewards Gold card when it had a nice signup bonus at the time. The $175 annual fee will be coming due within the next few weeks and I don’t use the card enough to justify paying it. The problem is I still have 55K MR points on the account… I’ve had no luck with a retention bonus (admittedly, I didn’t use the card very much after the spend) and downgrading the card isn’t a great option since the points are no longer transferrable…I regrettably skipped out on  Transfer bonus that was going on, but I know that AMEX has transfer bonuses somewhat frequently. So my question is what do you recommend I do? I’m willing to wait it out a little and pay a prorated annual fee if there’s hope of a nice transfer bonus in the near future, but I don’t know how likely that is…Regarding my preferred usage of the points, I’d most likely want to use them towards an international ticket rather than domestic travel. Anyway, any advice would be greatly appreciated, thanks!!

[notanonymous]

I have an issue that I was hoping you could help me out with. I recently signed up for the AMEX Premier Rewards Gold card when it had a nice signup bonus at the time. The $175 annual fee will be coming due within the next few weeks and I don’t use the card enough to justify paying it. The problem is I still have 55K MR points on the account… I’ve had no luck with a retention bonus (admittedly, I didn’t use the card very much after the spend) and downgrading the card isn’t a great option since the points are no longer transferrable…I regrettably skipped out on  Transfer bonus that was going on, but I know that AMEX has transfer bonuses somewhat frequently. So my question is what do you recommend I do? I’m willing to wait it out a little and pay a prorated annual fee if there’s hope of a nice transfer bonus in the near future, but I don’t know how likely that is…Regarding my preferred usage of the points, I’d most likely want to use them towards an international ticket rather than domestic travel. Anyway, any advice would be greatly appreciated, thanks!!

If you have no immediate use, IMO, you should apply for a Blue card (not cash), which will hold the points.  It is a MR card, but you can not transfer the points out.  Sometime before you need the points, apply for the Gold or Plat.

[IsaacBP]

What is AMEX rule when closing credit cards what happens to the points, I have 3 cards, Platinum , Delta and SPG I will most likely close the platinum due to annual fees what will happen to my points and what's the best advice someone here can give me

[mochada]

What is AMEX rule when closing credit cards what happens to the points, I have 3 cards, Platinum , Delta and SPG I will most likely close the platinum due to annual fees what will happen to my points and what's the best advice someone here can give me

downgrade the platinum to green

[zb2012]

is a blue card an amex card? It will allow me to just 'hold' my points?

[Ez]

What is AMEX rule when closing credit cards what happens to the points, I have 3 cards, Platinum , Delta and SPG I will most likely close the platinum due to annual fees what will happen to my points and what's the best advice someone here can give me

Your Delta & SPG won't be lost either way, as it's being deposited into your accounts, and has no relation to the closing of your card.

[notanonymous]

is a blue card an amex card? It will allow me to just 'hold' my points?

I can't post the link right now...look at AMEX website for Blue Rewards (not cash).  You can use the point through AMEX, but not to transfer out.  You would need to reapply for Gold/Plat.

[IsaacBP]

Can you transfer amex points to a family member?

[Ygold]

Sell?

[IsaacBP]

No, transfer