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Hello,
This might be a naive question. I have the BA Amex Premium Plus card, and almost at the spending limit to get my companion voucher (my deadline to reach that limit is October).
I had a mind to get the voucher, cancel the card (to stop paying the fees), and then sign up to the Barclays Avios Plus card to start building towards that (and restart the Amex in October or whenever I’ve hit the spending limit on the Barclays card, whichever is later).
Anything I’m missing? It seems instinctively the sensible thing to do (alternatively I could hover below the Amex spending limit until October and then tap myself over the threshold just to get a few more months before the voucher expires, although would mean paying the fees).
Thanks!
When you come to redeem the BA Amex voucher, the cash element of the fare must be paid with an Amex card. It doesn’t need to be the same card with which you earned the voucher (and in reality it doesn’t even need to be an Amex in your name.)
Apart from that you’re free to cancel the BA Amex, but note there’s no guarantee of being accepted again (particularly in the short term) if you hope to have the opportunity to earn another voucher.
Perfect this is a very clear answer – thank you!
Also consider the impact on your credit record.
Applying for a new card will require a hard search which is negative. Also when Amex remove the available credit line, I *think* that also has a negative impact even if you’re not using it – other providers can see that your total short term credit facilities have dropped by X.
So whilst you might want to do this shuffle once, you probably don’t want to be doing it every six months.
Hi – I need some help and advice please, I have 90000 amex points, how do i convert these to avios or flights? I’m new to this so I just dont have a clue, any help appreciated, thanks Paul
Hi – I need some help and advice please, I have 90000 amex points, how do i convert these to avios or flights? I’m new to this so I just dont have a clue, any help appreciated, thanks Paul
Also consider the impact on your credit record.
Applying for a new card will require a hard search which is negative. Also when Amex remove the available credit line, I *think* that also has a negative impact even if you’re not using it – other providers can see that your total short term credit facilities have dropped by X.
So whilst you might want to do this shuffle once, you probably don’t want to be doing it every six months.
Very good point!
Also consider the impact on your credit record.
Applying for a new card will require a hard search which is negative. Also when Amex remove the available credit line, I *think* that also has a negative impact even if you’re not using it – other providers can see that your total short term credit facilities have dropped by X.
So whilst you might want to do this shuffle once, you probably don’t want to be doing it every six months.
Very good point!
Assuming the rules don’t change, if you swap every two years you loose an Amex companion voucher but gain a sign up bonus. I’d prefer the latter.
I had a similar idea but when I called up Amex to cancel, they said that if I cancelled the card, the companion voucher would be cancelled too..
I had a similar idea but when I called up Amex to cancel, they said that if I cancelled the card, the companion voucher would be cancelled too..
And you believed them?!
I had a similar idea but when I called up Amex to cancel, they said that if I cancelled the card, the companion voucher would be cancelled too..
Something something an albatross around ones neck
I had a similar idea but when I called up Amex to cancel, they said that if I cancelled the card, the companion voucher would be cancelled too..
It’s interesting that people are still being told this. When I cancelled through online chat recently I noticed something in the blurb pop-up that they ask you to read before proceeding with the cancellation:
“Companion Voucher: You can still redeem your voucher with any active American Express Card”
I think this is a recent addition? Don’t recall seeing it on previous cancellations.
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