Everyday it seems I’m, being asked what to do with my newly acquired Amex MR (Membership Rewards) points. The phenom must be because everyone is now seeing the 25K in their accounts from the Premier Travel Rewards card we scored on earlier this year. My answers vary according to the email but my best advice is:
Don’t do anything with them. Just let them sit. If you don’t know which program to transfer them to, don’t transfer them yet. They are like money in the bank. They aren’t going anywhere in the near future. Amex does not tend to devalue often. I’m holding onto mine.
I wanted to see the new Minnesota Twins ballpark as I’m trying to keep up with having seen every major league ballpark. The ticket was almost $400 for the one hour non-stop on Delta. Sounds like the perfect use for Katy’s free 25K MR points. (mine had not posted yet). The transfer to Delta was instant and I booked my ticket 5 minutes later. Suppose I had put them in my CO account?
And what happens when a terrific, once in a lifetime, mistake fare shows up from Boise, Idaho or Pensacola, Florida as examples. A magnificent opportunity to visit a dream destination. Problem is you don’t live near Boise or Pensacola? But with the
25K MR points you have not committed to a given program, you can now fly free on an award ticket to the starting point and enjoy your dream destination.
If nothing is forcing your hand, don’t force a decision and act too quickly. It’s the same advice with credit card cancellations. What is the big hurry? Wait until the time is right or somebody is asking for money from your pocket.
Chase Sapphire Preferred® Card
- Annual Fee: $95 fee waived for the first year
- Foreign Fees: No
- Card Type: Bank
The Sapphire Preferred offers 2x points on dining and travel, and no foreign transaction fees, making this the go-to card for travelers.
This card accumulates Ultimate Rewards points, which are very valuable for transfer to United and Hyatt. Overall, this card is a great choice for maximizing earnings on dining, travel, and every day spend.
- Earn 40,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening. That's $500 in travel when you redeem through Chase Ultimate RewardsSM
- Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening.
- 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases
- No foreign transaction fees, plus Chip and Signature enabled for international travel.
- 1:1 point transfer to leading frequent travel programs at full value — that means 1,000 Ultimate Rewards points equal 1,000 partner miles/points.
- 24/7 direct access to dedicated customer service specialists
- Introductory Annual Fee of $0 the first year, then $95