Here’s an interesting tidbit for Membership Rewards fans…
I have an enterprise Amex that I’m required to use for work related travel if I want to be reimbursed (which I do). So, for several years I’ve paid a $75 annual fee to have that card qualify for Membership Rewards. It used to be that I travelled enough for work for the membership fee to be worth it. Lately though, work related travel has dropped to nearly nothing so I couldn’t justify the $75 fee that was due at the end of January. Instead, I took out all but 16 of my points (in the form of British Airways miles with a 30% transfer bonus) and I cancelled my membership. The final 16 points disappeared.
And they’re back!
I recently applied for the Amex business platinum card in order to qualify for a 100K targeted signup bonus. The card arrived on Wednesday and I registered it with my online account. To my surprise, my 16 points reappeared!
Obviously 16 points isn’t worth getting excited about, but if I had known this would happen, I wouldn’t have transferred all of those points to BA. Especially now that Nordstrom has given me a bazillion BA miles, I really wish I hadn’t done that transfer.
If you’re in a similar situation of having to decide whether to cash out your points or not, this experience might be of value to you. If you’re about to cancel your only Membership Rewards earning credit card, I’d recommend asking an Amex rep what would happen to your points if you cancel and then later get a new Membership Rewards card. If they confirm that your points will reappear, then you have another option other than cashing out.
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