In December of 2014, the last credit card that I was approved for was the American Express Business Gold Rewards card.
The card came with a very nice signup bonus of 75,000 Amex Membership Rewards points. The annual fee was waived for the first year.
I’ve been hoping for a bonus to come along from one of Amex’s transfer partners to help decide what to do with my points. Well, that hasn’t happened and now the time has come to make a decision.
The Amex Business Gold card comes with a pricey annual fee of $175 per year. The fee posted to my account around two weeks back and the bill is due in just a few days.
I have a few choices related to what I should do:
- I can just pay the fee (not happening)
- Call for a retention offer and see what my options are (why not?)
- Call up to close my account (will probably be the end result)
My plan is to call American Express to ask about a retention offer. However, I doubt that an offer to waive the fee will come about. I’m not interested in switching to another card if that is offered.
If things play out like I expect, I’ll then have a very important decision to make- what should I do with my American Express Membership Rewards points?
FYI- I currently have 101,585 points.
I’ll transfer my points to one of the airline loyalty programs (there are 16 options).
I narrowed my choices down to three of these programs, British Airways, Delta or JetBlue but I’ve already decided on a favorite.
Here’s how many points I’d get with each program:
- British Airways: Transfers 250 Amex= 200 Avios. This would give me 81,200 Avios.
- Delta: Transfers 1:1 in 1,000 point increments. I’d get 101,000 SkyMiles.
- JetBlue: Transfers 250 Amex= 200 TrueBlue. This would give me 81,200 points.
The leading option:
In our family account, we have a decent amount of Avios so I’d rather diversify and not send my points there. I’d consider Delta since I wouldn’t lose any value with a 1:1 transfer. However, Delta awards can be priced ridiculously high so I don’t feel that this would be the best idea when we usually need three tickets per trip.
Based on this reasoning, I am seriously considering transferring my Amex Membership Rewards Points to JetBlue.
Kim, Lucas and I have a family account with around 25,000 JetBlue TrueBlue points. By adding over 80,000 points, it should be enough to eventually get three award tickets to one of their international destinations.
JetBlue Destinations of interest are Haiti, Costa Rica, Ecuador and St Lucia.
We could also add to our TrueBlue balance when the new JetBlue credit card comes out.
I’d love to get some feedback and see what you would do with 100,000+ Membership Rewards points! You can pick one of the options I mentioned above or go with any of the other transfer partner.