Credit Card Forum
+ Reply to Thread
Page 1 of 2 1 2 LastLast
 
  1. #1
    Green Member
    Join Date
    Dec 2012
    Location
    Cleveland
    Posts
    8

    Default Using up my Membership Rewards points before cancelling?

    I am thinking about cancelling my PRG because of the annual fee. What is the best way to transfer the reward points and not lose them? Thanks.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  2. #2
    Centurion Member Terry's Avatar
    Join Date
    Sep 2012
    Location
    Texas
    Posts
    115

    Default

    Quote Originally Posted by eibwen View Post
    I am thinking about cancelling my PRG because of the annual fee. What is the best way to transfer the reward points and not lose them? Thanks.
    You might consider asking AMEX to product change your PRG to the Green Card which has an annual fee about 1/2 of what you are paying now; that way you can preserve your membership reward points. Or you can link your rewards to an online merchant such as amazon.com and use your points earned for a product purchase.
    AMEX Green Card - NPSL [Member Since 1995]
    AMEX BCE ($18,000) - For Cashback
    AMEX Everyday Card ($14,000) 6/14 Backdated to 1995 - For 20% Extra Points Benefit
    Citi ThankYou Preferred Visa Signature ($16,000) - 2% dining
    Discover IT Humane Society Design ($15,000) - For 5% rotating categories
    Home Depot ($10,000) - For 0% financing
    JCPenney Credit Card ($5,500) - For special discounts
    Sam's Club MasterCard - ($12,000) - 5% off gas at any fuel pump
    Wells Fargo Personal Line of Credit - ($15,000)

    FICO's - 780+ across all three bureaus [09/2014]
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  3. #3
    Centurion Member
    Join Date
    Jun 2011
    Location
    Down South
    Posts
    1,587

    Default

    Agreed. Use your points at Amazon and let it go bye bye. I'm right behind you in a couple of months.
    Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
    Plane tickets: CSP
    Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
    Clothes: Express, Amex BCP, Discover IT
    Amazon: Citi Forward, Cash +
    Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
    Hotels and other travel: Discover Escape, CSP
    Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
    Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
    Balance transfers: Kroger 123 rewards
    Bill Pay: Chase Ink Plus, Citi Forward
    Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  4. Green Member
    Join Date
    Jan 2013
    Location
    IL
    Posts
    7

    Default

    I've heard of some people applying for a Blue card—the no-annual-fee, non-cash-back version—to store their MR points on. They'll only be MR "Express" points so long as they're on Blue, but if you get a Green/Gold/Plat later I think I've heard you can move them back.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  5. #5
    Green Member
    Join Date
    Dec 2012
    Location
    Cleveland
    Posts
    8

    Default

    Quote Originally Posted by danda View Post
    I've heard of some people applying for a Blue card—the no-annual-fee, non-cash-back version—to store their MR points on. They'll only be MR "Express" points so long as they're on Blue, but if you get a Green/Gold/Plat later I think I've heard you can move them back.
    This is what I was interested in knowing about. What is the difference between MR and MR express? I might get a blue just to hang on to the points if the redeeming value is same.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  6. #6
    Centurion Member
    Join Date
    Jun 2011
    Location
    Down South
    Posts
    1,587

    Default

    Quote Originally Posted by danda View Post
    I've heard of some people applying for a Blue card—the no-annual-fee, non-cash-back version—to store their MR points on. They'll only be MR "Express" points so long as they're on Blue, but if you get a Green/Gold/Plat later I think I've heard you can move them back.
    Is there an annual fee with the Blue?
    Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
    Plane tickets: CSP
    Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
    Clothes: Express, Amex BCP, Discover IT
    Amazon: Citi Forward, Cash +
    Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
    Hotels and other travel: Discover Escape, CSP
    Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
    Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
    Balance transfers: Kroger 123 rewards
    Bill Pay: Chase Ink Plus, Citi Forward
    Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  7. #7
    Centurion Member
    Join Date
    Oct 2012
    Location
    Texas
    Posts
    779

    Default

    Quote Originally Posted by FutureBillionaire View Post
    Is there an annual fee with the Blue?
    No annual fee. My MR points on Blue are not the express but the regular.
    Amex Platinum
    Amex BCP 15K
    Amex SPG 5K
    Barclaycard Arrival Plus WEMC 5K
    Chase Sapphire Preferred Visa Sig 23.5K
    Credit Union Visa Platinum 10K
    Discover IT 5.75K
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  8. Centurion Member Terry's Avatar
    Join Date
    Sep 2012
    Location
    Texas
    Posts
    115

    Default

    Quote Originally Posted by eibwen View Post
    This is what I was interested in knowing about. What is the difference between MR and MR express? I might get a blue just to hang on to the points if the redeeming value is same.
    MR express was a useless product offered only to the ZYNC customers - ZYNC is no longer offered to prospective members.
    AMEX Green Card - NPSL [Member Since 1995]
    AMEX BCE ($18,000) - For Cashback
    AMEX Everyday Card ($14,000) 6/14 Backdated to 1995 - For 20% Extra Points Benefit
    Citi ThankYou Preferred Visa Signature ($16,000) - 2% dining
    Discover IT Humane Society Design ($15,000) - For 5% rotating categories
    Home Depot ($10,000) - For 0% financing
    JCPenney Credit Card ($5,500) - For special discounts
    Sam's Club MasterCard - ($12,000) - 5% off gas at any fuel pump
    Wells Fargo Personal Line of Credit - ($15,000)

    FICO's - 780+ across all three bureaus [09/2014]
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  9. #9
    Centurion Member
    Join Date
    Jul 2012
    Location
    Hawaii
    Posts
    478

    Default

    if it were me, id transfer the points directly to miles 1:1
    American Express Platinum
    Chase Sapphire Preferred
    Hawaiian Airlines BOH MC
    USAA Amex
    Capital One Visa Platinum
    Citi Diamond Preferred MC
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  10. #10
    Green Member
    Join Date
    Aug 2011
    Location
    Virginia
    Posts
    11

    Default

    Quote Originally Posted by jlam572 View Post
    if it were me, id transfer the points directly to miles 1:1
    Yup. Got me a free Delta ticket before ditching my PRG.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

+ Reply to Thread
Page 1 of 2 1 2 LastLast
 
These forum posts are not provided or commissioned by the bank advertiser. Posts have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Advertiser Disclosure: The credit card offers that appear on this site are from credit card issuers from which CreditCardForum.com receives compensation. This compensation may impact how and where products appear on this site, including the order in which they may appear within listing categories. CreditCardForum.com does not include all credit card offers that might be available to consumers in the marketplace.