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.
Citi Prestige® Card
- Annual Fee: $450 fee
- Foreign Fees: No
- Card Type: Bank
The increase to 50,000 ThankYou points for the Citi Prestige card may be a signal that Citi wants back in the game, big time. The sign-up bonus has just been increased to 50K points from the previous 30K offer. An added benefit is a $250 annual air travel credit each calendar year -- so, if you sign up in April, you'll receive the credit this year, and again in January of next year -- which more than covers the $450 first year fee. When you add in lounge access for you and up to two of your guests, you’ve added another $400+ in value. One more benefit worth mentioning is the fourth night free for any four-night hotel stay booked through Wagonlit Travel. And lastly is the $100 statement credit when you sign up for Global Entry and pay for it using the Prestige card. Don’t forget the ever-growing number of airline transfer partners that work with the ThankYou points program.
- $250 Air Travel Credit each year
- Complimentary 4th Night for any hotel stay
- Earn 50,000 bonus ThankYou® Points after $3,000 in purchases made with your card in the first 3 months the account is open.
- Points are redeemable for an $800 flight on American Airlines or US Airways®, a $665 flight on any other airline or $500 in gift cards.
- Transfer points to a variety of travel loyalty programs from airlines to hotels.
- Earn 3x points on Air Travel and Hotels
- Earn 2x points on Dining at Restaurants and Entertainment
- 1 ThankYou® Point per $1 spent on other purchases