Author Topic: AMEX POINTS - WHERE TO TRANSFER THEM BEFORE ANNUAL CARD FEE??  (Read 3660 times)

Offline mmsscc

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my Amex card won't refund my annual $175 fee so I am cancelling. I have about 100,000 points on the card.  What should I do with them now? I read if i transfer to a free blue amex card, they get devalued. Where is a good place to store them?  I use them mainly for travel, mainly to Israel.

Thanks!

Offline SPLP

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Re: AMEX POINTS - WHERE TO TRANSFER THEM BEFORE ANNUAL CARD FEE??
« Reply #1 on: March 03, 2014, 11:09:24 AM »
IF CAN WAIT A MONTH AMX HAS NEW CARDS COMING OUT EARLY APRIL

http://forums.dansdeals.com/index.php?topic=39057.0

Offline Yitz

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Re: AMEX POINTS - WHERE TO TRANSFER THEM BEFORE ANNUAL CARD FEE??
« Reply #2 on: March 03, 2014, 11:14:05 AM »
my Amex card won't refund my annual $175 fee so I am cancelling. I have about 100,000 points on the card.  What should I do with them now? I read if i transfer to a free blue amex card, they get devalued. Where is a good place to store them?  I use them mainly for travel, mainly to Israel.

Thanks!
Sell them or check the list of partners that you can transfer

Offline mmsscc

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Re: AMEX POINTS - WHERE TO TRANSFER THEM BEFORE ANNUAL CARD FEE??
« Reply #3 on: March 03, 2014, 11:25:07 AM »
Will the Gold points get devalued transferring to the new Everyday card?

Offline greatdeals

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Re: AMEX POINTS - WHERE TO TRANSFER THEM BEFORE ANNUAL CARD FEE??
« Reply #4 on: March 03, 2014, 12:08:44 PM »
I also don't know where to transfer them to and my AF is coming soon
how long does AMEX give you once they charge the AF fee?

Offline mmsscc

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Re: AMEX POINTS - WHERE TO TRANSFER THEM BEFORE ANNUAL CARD FEE??
« Reply #5 on: March 03, 2014, 12:25:03 PM »
thirty days

Offline Moishel

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Re: AMEX POINTS - WHERE TO TRANSFER THEM BEFORE ANNUAL CARD FEE??
« Reply #6 on: March 03, 2014, 12:27:27 PM »
Why can't you just downgrade to a non AF card?

Offline greatdeals

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Re: AMEX POINTS - WHERE TO TRANSFER THEM BEFORE ANNUAL CARD FEE??
« Reply #7 on: March 03, 2014, 07:47:24 PM »
Quote
Why can't you just downgrade to a non AF card?

because I don't want to have a million credit cards
especially if I don't plan on using it
if it was for the bonus points that's one thing

Online etech0

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Re: AMEX POINTS - WHERE TO TRANSFER THEM BEFORE ANNUAL CARD FEE??
« Reply #8 on: March 03, 2014, 07:51:12 PM »
because I don't want to have a million credit cards
especially if I don't plan on using it
if it was for the bonus points that's one thing
You'll at least use it on SBS....
Workflowy. You won't know what you're missing until you try it.

Offline bubbles

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Re: AMEX POINTS - WHERE TO TRANSFER THEM BEFORE ANNUAL CARD FEE??
« Reply #9 on: March 03, 2014, 07:52:58 PM »
Why can't you just downgrade to a non AF card?

AFAIK there are no fee free amex charge cards

Offline Fan of Dan

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Re: AMEX POINTS - WHERE TO TRANSFER THEM BEFORE ANNUAL CARD FEE??
« Reply #10 on: March 03, 2014, 07:53:27 PM »
Why can't you just downgrade to a non AF card?
Which one allows you to transfer MR points to an airline that has no AF?

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Re: AMEX POINTS - WHERE TO TRANSFER THEM BEFORE ANNUAL CARD FEE??
« Reply #11 on: March 04, 2014, 02:44:39 AM »
Which one allows you to transfer MR points to an airline that has no AF?
none. but;
you can open (not downgrade) an AF-free blue card which will hold the MR points for you, so that when you next open a charge card (bonus points, whatever) in a month/year/decade you will be able to transfer the points out.

Offline avrumy22

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Re: AMEX POINTS - WHERE TO TRANSFER THEM BEFORE ANNUAL CARD FEE??
« Reply #12 on: March 04, 2014, 03:00:29 AM »
none. but;
you can open (not downgrade) an AF-free blue card which will hold the MR points for you, so that when you next open a charge card (bonus points, whatever) in a month/year/decade you will be able to transfer the points out.

Are you referring to the Blue Cash Everyday card? I downgraded my starwood card to this. I want to transfer out all my points from my gold card so I can get the bonus in a year.

Offline greatdeals

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Re: AMEX POINTS - WHERE TO TRANSFER THEM BEFORE ANNUAL CARD FEE??
« Reply #13 on: March 04, 2014, 07:24:06 AM »
My AF hit today, it says I have to pay by March 18th.
I recently got an e-mail if I enroll in the pay in full or over time
extended payment option I will get 10,000 MR points.
But it says it takes 6-8 weeks to be credited.
I really want the extra points but I want to cancel the card,
do you think it will really take 6-8 weeks or will I get it sooner?

Offline bubbles

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Re: AMEX POINTS - WHERE TO TRANSFER THEM BEFORE ANNUAL CARD FEE??
« Reply #14 on: March 04, 2014, 07:53:42 AM »
Are you referring to the Blue Cash Everyday card? I downgraded my starwood card to this. I want to transfer out all my points from my gold card so I can get the bonus in a year.
No
He is referring to the blue card

Offline Jeremiah

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Re: AMEX POINTS - WHERE TO TRANSFER THEM BEFORE ANNUAL CARD FEE??
« Reply #15 on: March 04, 2014, 07:56:09 AM »
My AF hit today, it says I have to pay by March 18th.
I recently got an e-mail if I enroll in the pay in full or over time
extended payment option I will get 10,000 MR points.
But it says it takes 6-8 weeks to be credited.
I really want the extra points but I want to cancel the card,
do you think it will really take 6-8 weeks or will I get it sooner?
My 10k posted the next day

Offline Ephcc90

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Re: AMEX POINTS - WHERE TO TRANSFER THEM BEFORE ANNUAL CARD FEE??
« Reply #16 on: March 04, 2014, 08:48:25 AM »

Offline YY

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Re: AMEX POINTS - WHERE TO TRANSFER THEM BEFORE ANNUAL CARD FEE??
« Reply #17 on: March 04, 2014, 05:02:03 PM »
Are you referring to the Blue Cash Everyday card? I downgraded my starwood card to this. I want to transfer out all my points from my gold card so I can get the bonus in a year.
Blue for business, you need to apply separate (cannot downgrade)
https://creditcard.americanexpress.com/blue-for-business-credit-card.html

This will "hold" your MR rewards points (with limited redemption options) until you open a new card in a year or more which gives you a new bonus and then they will still be in your MR account.
Of course until you open that new card these points are kind of "frozen" since you cannot transfer them to an airline.

If you think you are going to use them during the next year on an airline the best suggestion would be to downgrade to green ($95 AF) and then you will be able to use them.

you can of course just transfer them to an Airline FF account but then you lose flexibility


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Re: AMEX POINTS - WHERE TO TRANSFER THEM BEFORE ANNUAL CARD FEE??
« Reply #18 on: March 05, 2014, 10:34:23 AM »
I think I might sell them it is easier

Offline YY

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Re: AMEX POINTS - WHERE TO TRANSFER THEM BEFORE ANNUAL CARD FEE??
« Reply #19 on: March 05, 2014, 12:50:19 PM »
So what is the best value you can get when selling points ?
Exchanging for Gift Cards they seem to be worth .01 cent per point (or $100 for 10k points)
Obviously when transferring to Airlines FF plans they are worth more (once cashed for travel)

Is there another way to cash out your points at a better value than 1 cent per point ?