MR points devalued ?

[udip3146]

Normal market recovery.  No reason it should be under 1.5 except that people flooded the market b/c of the devals.

I could not find anyone with these rates. Even MR keeps going down.

[udip3146]

I found online 1.5 as well though im not sure if thy reliable

I tried that. They never get back to you. If they do, it's through an endless waiting list.

[udip3146]

and now UR will prob go up more.

I wonder. They say that with the deval taking effect, it will at first drop even more.

[compddd]

Isn't UR at 1.4 right now?

[udip3146]

Isn't UR at 1.4 right now?

1.4 is considered good. I got plenty for 1.35 and even more saying they are not buying it.

[zale]

What some people fail to realize is that supply and demand are actual market forces, they aren't just imaginary. My friend now has 6MM he just sold @ 1.4 because he was offered 1.7 and decided to hold out for 1.8. My point is, when you ascribe these "values" you should maybe clarify that these are your utopic values and not necessarily what is happening in the real world today. AmEx can be "worth" 5 cents if you use it yourself, but no one is talking about that here.

Who's arguing with your point? This works very much like the stock market. Your friend sold at 1.4 because he got scared that it would go even lower due to the mad rush of point sell-offs.  (unless your friend urgently needed the money?)

Dan's point was that there is no reason to fall for the mad rush, but rather to give it some time to stabilize. It won't go back to 1.7, but it may go to 1.5-1.6.

[ilherman]

Not so fast 1.6 mmaaayybbeee 1.5

[mow]

People buying Amex now for 1.45

[Baruch]

Not so fast 1.6 mmaaayybbeee 1.5

At least 1.55 in 4 months. That's my prediction.

[udip3146]

At least 1.55 in 4 months. That's my prediction.

I sure hope.

[udip3146]

Just sold a few hundred thousand at 1.5. Where's it up to now?

[cubicles]

Just sold a few hundred thousand at 1.5. Where's it up to now?

me to 

[lifetimedeals]

if I have points in my MR and cancel my Amex do I lose the points or is that safe and is separate ?

[Ask5599]

if I have points in my MR and cancel my Amex do I lose the points or is that safe and is separate ?

You lose all the points.

[ilherman]

if I have points in my MR and cancel my Amex do I lose the points or is that safe and is separate ?

AFAIK you get 30 days to take it out after you close it.

[lifetimedeals]

AFAIK you get 30 days to take it out after you close it.

so only option to transfer to partner within 30 days.

[APoshiterYid]

so only option to transfer to partner within 30 days.

Yes, and it can only be done on phone not online (can be a bit of a hock, esp if mismatched names).

[E-MAN]

so only option to transfer to partner within 30 days.

You can open another Amex card to hold the points such as the Blue card

[lifetimedeals]

so then how can I tell them to close my card if wanna avoid the AF ? I can lose the points

[mmermss]

so then how can I tell them to close my card if wanna avoid the AF ? I can lose the points

You transfer the points and then call to close...