I am canceling my American Express® Premier Rewards Gold Card. The fees is due and $175 seems steep, given the recent changes in my card strategy (more on that in a later post). Furthermore, canceling the card makes me (more?) eligible for other sign-up bonuses from American Express, including (fingers crossed) the elusive, by invitation only 100,000 point Platinum card. Don’t get me wrong, the American Express® Premier Rewards Gold Card is an absolutely fabulous card with great features. (The current offer for a new card is 25,000 Membership Rewards Points, after spending $2000 in 3 months – which is really not great, even with the fee waiver. You can find better offers). But, I am focussing on accumulating points rapidly right now for some redemptions I am planning for summer. So, I am looking for large and quick sign up bonuses. Like the Chase Ink Bold® Business Card, which has a bonus of 50,000 points after spending $5,000 in 3 months! And, the points are transferrable to United on a 1:1 ratio, the airline I will redeem the miles from. American Express has no option to transfer to United.
So, my question to my readers – seeking advice. I have just over 7,000 Membership Reward Points on my American Express Membership Rewards account. As I have only one American Express card, I want to redeem/transfer the points before I cancel the card.
Looking at some of the options, I am thinking of transferring the points to Hilton Honors. I already have over 75,000 points on Hilton and American Express is giving a transfer ration of 1.5 Hilton Honors points for each Member Rewards point. My question: Are there any other transfer or redemption offers that you have used (or are aware of), that I should consider before pulling the trigger? Please let me know by leaving a comment below. Even if this is the option I go with (I can readily use the Hilton Points over summer), others will benefit from your comments. Do share and thanks for doing so!
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