Where to transfer Membership Rewards points before 2nd Oct?
25th September 2023 at 20:26PK 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.25th September 2023 at 21:03BBbetter 203 posts
Marriott Bonvoy. Worst case you’ll get about 0.8p value if you decide to transfer to airlines later.25th September 2023 at 21:08Lady 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 suppose26th September 2023 at 00:29memesweeper 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.
- You must be logged in to reply to this topic.
Onboard ‘Flight100’ – the first transatlantic flight powered by 100% sustainable aviation fuel
IAG planning ‘consistent elite tiers’ across BA, Iberia and Aer Lingus – what does this mean?
Bits: Heathrow Express drops its £5.50 tickets, get £150 with a Malaysia Airlines booking
Lots of Singapore Club and First Class Avios availability for four people in April-July 2024
100,000 POINTS BONUS: Why American Express Platinum gets you in more lounges than you think
Before Virgin’s historic SAF flight tomorrow, I visited Rolls-Royce in Derby to learn more
New to Head for Points?
Welcome! We’re the UK’s most-read source of business travel, Avios, frequent flyer and hotel loyalty news. Let us improve how you travel. Got any questions? Ask them in our forums.
Latest Forum Posts
- executiveclubber on Help me book a 2-4-1 open jaw?
- Colin MacKinnon on Chat thread – Saturday 2nd December
- Lady London on BA – “We’ve locked your account as a precaution”
- redlilly on Your hot tips for the best steak in London?
- TooPoorToBeHere on How much of a rush should I be in?
- Lady London on Proposed EC261 changes
- redlilly on Property surveyor in North London
- Rui N. on Curve changes from November 10th
- John on How much of a rush should I be in?
- John on Elizabeth Line / Northern interchange at Moorgate
Check reward flight availability instantly for free!
Booking a luxury hotel?
Our luxury hotel booking service offers you GUARANTEED extra benefits over booking direct. Works with Four Seasons, Mandarin Oriental, The Ritz Carlton, St Regis and more. We've booked £1.7 million of rooms to date. Click for details.