Membership Rewards points transfer

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
16 posts
TheSwarm
Platinum Member
Platinum Member
 
Posts: 74
Joined: Wed May 28, 2014 1:13 am
Location: California

Membership Rewards points transfer

Postby TheSwarm » Tue Sep 09, 2014 11:31 pm

I have a PRG until the annual fee kicks in next April. I use it quite a bit and got the sign up bonus. When it comes time to cancel it, can I get an everyday card in March and transfer my membership rewards points from the PRG to the everyday before canceling the PRG?

Or would I just have to transfer them to a partner as miles or whatever to preserve them?


User avatar
Vattené
Centurion Member
Centurion Member
 
Posts: 1194
Joined: Sun Jan 26, 2014 3:55 am
Location: US

Postby Vattené » Wed Sep 10, 2014 1:00 am

I don't personally have an Amex card (yet) so someone may need to correct me, but my understanding is you can never PC a charge card to a credit card BUT you will be able to keep your MR points as they are associated with a cardholder and not an individual card. So, when you say cancel it, you would have to actually close down the account completely after applying for an Everyday card. (You may want to have the Everyday card open for a few billing cycles before closing the PRG just to make for a smooth transition.)
-Vattené
FICO-8:
EX - 805 (2/17) | TU - 787 (2/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

Bama87
Platinum Member
Platinum Member
 
Posts: 78
Joined: Sat Apr 19, 2014 12:00 am
Location: USA

Postby Bama87 » Wed Sep 10, 2014 8:22 am

Your MR points arent tied to your PRG card, but you do need to have an active MR points earning card with them to keep your MR points. I think you have a certain number of days if you did happen to close your PRG before you got another charge card or the Everyday card.

Just make sure you link your Everyday card to the same MR account you already have already before you get rid of the PRG and you will be fine.

TheSwarm
Platinum Member
Platinum Member
 
Posts: 74
Joined: Wed May 28, 2014 1:13 am
Location: California

Postby TheSwarm » Wed Sep 10, 2014 12:20 pm

Ok thanks that is what I was asking. I want to open the Everyday card and eventually close the PRG when the annual fee comes up. But I don't want to lose the MR points I earned on the PRG while it was open.

Bama87
Platinum Member
Platinum Member
 
Posts: 78
Joined: Sat Apr 19, 2014 12:00 am
Location: USA

Postby Bama87 » Wed Sep 10, 2014 2:30 pm

You will be fine. I plan to do the same thing once my annual fee comes up for the PRG.

User avatar
CarefulBuilder14
Centurion Member
Centurion Member
 
Posts: 3960
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Postby CarefulBuilder14 » Wed Sep 10, 2014 3:01 pm

TheSwarm wrote:Ok thanks that is what I was asking. I want to open the Everyday card and eventually close the PRG when the annual fee comes up. But I don't want to lose the MR points I earned on the PRG while it was open.


Would you keep the BCE open and just put an occasional charge on it? Or close it for convenience? The ED/EDP do cannibalize the BCE/BCP for MR-lovers (unless you're spending more than $6k at grocery stores).
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May

TheSwarm
Platinum Member
Platinum Member
 
Posts: 74
Joined: Wed May 28, 2014 1:13 am
Location: California

Postby TheSwarm » Wed Sep 10, 2014 3:35 pm

CarefulBuilder14 wrote:Would you keep the BCE open and just put an occasional charge on it? Or close it for convenience? The ED/EDP do cannibalize the BCE/BCP for MR-lovers (unless you're spending more than $6k at grocery stores).


When I open the ED card in early 2015, I plan on asking AMEX if they can transfer the credit limit as much as possible from the BCE to the ED. Then close the BCE.

I'm hoping this will keep a decent credit limit and also keep me as a Member since 13?

I am going for convenience and trying to get a couple good limit cards that I will actually use. Some of my cards were just ones I signed up for to get established.

Hopefully by summer 2015 my wallet will look like this -

CSP - 10k
Freedom - 10k
ED - 10k

Nothing planned after that unless my spend really picks up then I'd consider something like an Arrival+ or Venture.

User avatar
CarefulBuilder14
Centurion Member
Centurion Member
 
Posts: 3960
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Postby CarefulBuilder14 » Wed Sep 10, 2014 3:53 pm

TheSwarm wrote:When I open the ED card in early 2015, I plan on asking AMEX if they can transfer the credit limit as much as possible from the BCE to the ED. Then close the BCE.

I'm hoping this will keep a decent credit limit and also keep me as a Member since 13?

I am going for convenience and trying to get a couple high limit cards that I will actually use. Some of my cards were just ones I signed up for to get established.


It will keep you as a member since 2013 as far as the date the card was opened. That will boost your FICO. You can look around this site for old threads, and you will find Amex is quite flexible in letting people keep (or earn back) member since dates. You're well into the 'safe area' for keeping your member since 2013 date.

There will not be any payment info on your report for the ED account until you actually open it in 2015. I suppose it will technically look like you opened a card in 2013 but didn't use it until 2015. Someone giving you a major loan like a car or mortgage will probably treat it as a 2015 account, but some credit cards might treat it as a 2013 account.

Because the Amex website makes it so easy to switch from viewing one card account to another, in your situation, I would keep the BCE and just make small purchases on it. If it was with an issuer you had no other business with, and it would be a real hassle to check on it often, then I would suggest you close it.

But the BCE is your oldest currently-open account, it will be easy to monitor at the same time as your other Amex cards, and it has no AF, so I'd keep it open.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May

TheSwarm
Platinum Member
Platinum Member
 
Posts: 74
Joined: Wed May 28, 2014 1:13 am
Location: California

Postby TheSwarm » Wed Sep 10, 2014 4:01 pm

CarefulBuilder14 wrote:It will keep you as a member since 2013 as far as the date the card was opened. That will boost your FICO. You can look around this site for old threads, and you will find Amex is quite flexible in letting people keep (or earn back) member since dates. You're well into the 'safe area' for keeping your member since 2013 date.

There will not be any payment info on your report for the ED account until you actually open it in 2015. I suppose it will technically look like you opened a card in 2013 but didn't use it until 2015. Someone giving you a major loan like a car or mortgage will probably treat it as a 2015 account, but some credit cards might treat it as a 2013 account.

Because the Amex website makes it so easy to switch from viewing one card account to another, in your situation, I would keep the BCE and just make small purchases on it. If it was with an issuer you had no other business with, and it would be a real hassle to check on it often, then I would suggest you close it.

But the BCE is your oldest currently-open account, it will be easy to monitor at the same time as your other Amex cards, and it has no AF, so I'd keep it open.


That's a good point. I will need something for gas when the Freedom isn't on the gas quarter. BCE would work, although if I am just getting cash back I might as well get something that gets me more than 2%. Sallie Mae?

User avatar
CarefulBuilder14
Centurion Member
Centurion Member
 
Posts: 3960
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Postby CarefulBuilder14 » Wed Sep 10, 2014 5:21 pm

TheSwarm wrote:That's a good point. I will need something for gas when the Freedom isn't on the gas quarter. BCE would work, although if I am just getting cash back I might as well get something that gets me more than 2%. Sallie Mae?


Sallie Mae is great. Just be sure you have a use for each card you apply for. It helps with the 'mental accounting'.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May



Return to “American Express”

Who is online

Users browsing this forum: No registered users and 2 guests