American Express points advance discontinued/gone?

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Grupet
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American Express points advance discontinued/gone?

Postby Grupet » Tue Apr 30, 2013 8:41 am

Okay, so on my latest bill from Amex I notice this...

Changes to Membership Rewards program terms and conditions. We are decommissioning the points advance feature of the membership Rewards program effective July 1, 2013. Points Advance transactions will not be available on and after that date. You may satisfy any points advance transactions that you have outstanding on the decommission date according to the points advance terms in effect immediately prior to that date. Effective July 1, 2013, the point advance section of the
membership rewards program terms and conditions is deleted.


What does that mean? Does that mean that I lose all my points I've been saving
up the last couple of years?
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djrez4
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Postby djrez4 » Tue Apr 30, 2013 9:38 am

In the past, if you were short a few points for an award or transfer, you could request an advance for the missing points. E.g., let's say you needed to transfer 50,000 points to British Airways for a ticket, but only had 47,201. Amex would let you borrow the 2,799 points you needed. They would then give you a year to earn those points and pay them back. If you didn't earn them, they'd charge you 2.5 cents per point.

Amex is discontinuing that program. You'll no longer be able to advance points.

Your current balance of points that you've earned will remain, untouched.
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rockyrock
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Postby rockyrock » Tue Apr 30, 2013 10:16 am

Yeah, I read about that too. Just another (MR) perk going the way of the Dodo.

1. Whittle it down to a near useless program.
2. Discontinue it due to lack of use.

When you destroy a popular program you have to slowly devalue it so at the end all people remember is a junk program being scrapped.
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Postby Grupet » Tue Apr 30, 2013 11:07 am

Thank you so much for your reply, now I understand it :-)
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Z06Biker
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Postby Z06Biker » Tue Apr 30, 2013 3:15 pm

This is super disappointing news. As if it already wasn't bad enough that they've lost their relationship with United and chances are, with AA and US Airways soon, too (with their merger and with Citi's already iron-grasp of AA).
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FastSRT8
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Postby FastSRT8 » Tue Apr 30, 2013 6:46 pm

Z06Biker wrote:This is super disappointing news. As if it already wasn't bad enough that they've lost their relationship with United and chances are, with AA and US Airways soon, too (with their merger and with Citi's already iron-grasp of AA).


Hmmmmmmm

As a Canadian Centurion Holder I think Delta is the US partner airline.

Air Canada in Canada

But they also have a host of other partner airlines.

When did they lose United?
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FastSRT8
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Postby FastSRT8 » Tue Apr 30, 2013 6:47 pm

I'm sure this program was costing Amex $$ as the financed your purchases.

rockyrock wrote:Yeah, I read about that too. Just another (MR) perk going the way of the Dodo.

1. Whittle it down to a near useless program.
2. Discontinue it due to lack of use.

When you destroy a popular program you have to slowly devalue it so at the end all people remember is a junk program being scrapped.
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rockyrock
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Postby rockyrock » Wed May 01, 2013 2:52 am

True, all they really get out of me is the AF and associated merchant fees. I was cleaning up on MR Mall purchases...

The true value of the Platinum card (for me) is in travel related benefits. Even though I plan to stop using it as an everyday card, I'll still never leave home without it. Sorry, couldn't resist. :-p
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Postby pewpew » Wed May 01, 2013 3:09 am

FastSRT8 wrote:When did they lose United?


Like a year ago. i know this because a relative of mine used to transfer points from his amex plat to united and fly to israel once a year with the whole family. he has 6 kids, and he used to be able to pick up 8 round trip tickets for around 800k points + $150 in fees and such.

that's all gone now. no more bonus points mall, making it much harder to rack up the points. and no more united. the next best airline for flying to israel is El Al. but they want 250k points + $350 a ticket. and that's for economy. this was actually the reason why i joined this forum and one other one. i wanted to find out for him and for myself if AmEx is offering an alternative for the mall. i am still keeping my fingers crossed that they redeem themselves by offering a comparable program. i was on the verge of picking up an AmEx platinum, but it seems i got to the party a little too late.

i have since successfully convinced him to to pick a Chase Ink Bold card just for racking up points and picking up tickets. but it is not the same since chase refuses to give him a decent CL. they gave him only 35k, while he charges twice that a month for his business. for now he is keeping both.

Z06Biker wrote:This is super disappointing news. As if it already wasn't bad enough that they've lost their relationship with United and chances are, with AA and US Airways soon, too (with their merger and with Citi's already iron-grasp of AA).


i heard the same thing from another source. that would totally suck if they did break off with US Airways too. Who would they have left? Just delta?
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Z06Biker
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Postby Z06Biker » Wed May 01, 2013 2:49 pm

FastSRT8 wrote:Hmmmmmmm

As a Canadian Centurion Holder I think Delta is the US partner airline.

Air Canada in Canada

But they also have a host of other partner airlines.

When did they lose United?


Yup, Delta is still the partner airline, but Amex platinum and centurion holders lost access to the United Club lounges. The worry now is that they may lose both the American Airlines and US Airways lounge access, since they're merging, and since Citi already has a premium partner card with AA.

This could be the reason Amex is starting to roll out their new Centurion lounges (Vegas is the first to have one); to maintain travel value with their prestige cards. Problem is, as it currently stands, only Centurion holders get access to it for free. All other Amex cardmembers have to fork over $50/person for access.

Blah.
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