Do you lose miles/rewards after you cancel a credit card?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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Do you lose miles/rewards after you cancel a credit card?

Postby Slickw » Sat Sep 01, 2012 10:46 am

I obtained 50K free miles from a Continental card which I then cancelled with no penalty - I still have the miles. I recently obtained a United Mileage Plus Explorer Visa and got another 50K miles. Therefore I now have a little over 100K mikes.

I planned to make a few purchases then cancel the United card. <b>However, I noticed they will take back the miles if I cancel or am not up to date with the yearly card fee.</b> So I guess my only option if I want to cancel the card to avoid the yearly fee is to use all my 100K plus miles I have in my United account before the year is up, correct?

My primary card that I make most purchases on is the CapitalOne Worldcard. I only travel a couple of times a year so I figure the cashback plus no fee makes the CapitalOne Worldcard my best bet.

Does anyone disagree and think I should keep the United card with the yearly fee? Thanks.

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Postby jeffysdad » Sat Sep 01, 2012 3:07 pm

If you want to ditch the United card and keep the unused miles, look into transferring them to another loyalty program before you close the account. You might lose some value doing this, but check out your options. I used the Amtrak Guest Rewards loyalty program to consolidate some stranded miles from elsewhere and pick up gift cards. I lost some of the "value" of the points, but not too much, and the points would have been wasted anyway.

Others on here have much more experience with airline/travel cards than I do, though. You'll probably get better answers.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

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Postby Money card » Sat Sep 01, 2012 10:16 pm

slickw since you only travel 2 times a year the united card is not an appropriate card for you. it's appropriate for people who do quite a bit of traveling. since this is an airline card I believe you can only redem united miles , you can't redeem hotel stays, gift cards this isn't a card
for you if you like chase I would recommend the sapphire if you like capitol1 I would recommend the venture card, if you like citibank I would rececommend the thankyou card.

I would get rid of your united card.

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