Using up my Membership Rewards points before cancelling?

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eibwen
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Using up my Membership Rewards points before cancelling?

Postby eibwen » Mon Feb 25, 2013 6:38 pm

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.


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Terry
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Postby Terry » Mon Feb 25, 2013 7:19 pm

eibwen wrote: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 Everyday Card ($25,000) 6/14 Backdated to 1995 - For 20% Extra Points Benefit
Chase Freedom Visa Signature ($17,000) - For 5% rotating categories
Citi ThankYou Preferred Visa Signature ($16,000) - 2% dining
Discover IT Humane Society Design ($16,500) - For 5% rotating categories
Firestone ($2,600) - For 0% financing
Home Depot ($10,000) - For 0% financing
JCPenney Credit Card ($7,000) - For special discounts
Sam's Club MasterCard - ($20,000) - 5% off gas at any fuel pump
Wells Fargo Personal Line of Credit - ($15,000)

FICO's - 767 EX, 778 EQ, 790 TU [02/2015]

FutureBillionaire
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Postby FutureBillionaire » Mon Feb 25, 2013 7:36 pm

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


danda
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Postby danda » Tue Feb 26, 2013 12:39 am

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.

eibwen
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Postby eibwen » Tue Feb 26, 2013 8:19 am

danda wrote: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.

FutureBillionaire
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Postby FutureBillionaire » Tue Feb 26, 2013 9:45 am

danda wrote: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

Robrus1
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Location: Texas

Postby Robrus1 » Tue Feb 26, 2013 10:12 am

FutureBillionaire wrote: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 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K


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Terry
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Postby Terry » Tue Feb 26, 2013 11:24 am

eibwen wrote: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 Everyday Card ($25,000) 6/14 Backdated to 1995 - For 20% Extra Points Benefit

Chase Freedom Visa Signature ($17,000) - For 5% rotating categories

Citi ThankYou Preferred Visa Signature ($16,000) - 2% dining

Discover IT Humane Society Design ($16,500) - For 5% rotating categories

Firestone ($2,600) - For 0% financing

Home Depot ($10,000) - For 0% financing

JCPenney Credit Card ($7,000) - For special discounts

Sam's Club MasterCard - ($20,000) - 5% off gas at any fuel pump

Wells Fargo Personal Line of Credit - ($15,000)



FICO's - 767 EX, 778 EQ, 790 TU [02/2015]

jlam572
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Location: Hawaii

Postby jlam572 » Mon Mar 04, 2013 5:23 am

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

domoken
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Postby domoken » Thu Mar 07, 2013 9:09 am

jlam572 wrote:if it were me, id transfer the points directly to miles 1:1


Yup. Got me a free Delta ticket before ditching my PRG.



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