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Forums Payment cards American Express Where to transfer Membership Rewards points before 2nd Oct?

  • PK 13 posts

    I am looking to cancel P2’s Platinum card before the changes kick in on 2nd October. I already have a Platinum card for myself (held since 2001) and P2 has a supplementary card off it. I think 1 Platinum card is sufficient for both our needs and we don’t need another Platinum card in the house.

    P2 currently has circa 150k in MR points, which we want to move somewhere before we give Amex a call to cancel. We have a healthy Avios and Virgin balance to cover at least next 4-5 long haul holidays so we are not interested in moving our MR balance to either Avios or Virgin.

    We also don’t want to get a Rewards or Gold card to keep the MR balance alive because we want to restart the clock on P2’s account.

    In the light of this, just want to get wise views of experienced people here to understand where should we move our points. Our current thought is either Marriott or Hilton to boost our balance but we are not sure if this would be a wise choice. Happy to hear what everyone else in the same situation is doing.

    BBbetter 203 posts

    Marriott Bonvoy. Worst case you’ll get about 0.8p value if you decide to transfer to airlines later.

    Lady London 1,845 posts

    Or for slightly greater value loss but if done quickly less risk, out to avios with a view to out to Nectar for effective cash at a slightly less beneficial conversion rate.

    Depends on how you evaluate the risk of Marriott rule changes I suppose

    memesweeper 1,117 posts

    Marriott has — for me — given good value redemptions. You can flexibly transfer again to an airline (at a modest loss) or merge balances across Marriott accounts, so there is no risk of the stash getting orphaned. There is, of course, a risk of an unfavourable scheme change.

    Avios to Nectar may come with less risk of devaluation of the scheme, however, it also comes with the risk that the Nectar are spent on “essentials”. If you take the Nectar path, I’d be sure to top up the holiday savings account with the equivalent value of the Nectar points at the point of transfer.

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