This is a question I recently got from one of my readers, and thought it would be good to feature it in a post:
So, basically, the annual fee is coming due, and the reader is concerned about her Membership Rewards points. First, it’s definitely crucial to have at least one MR-earning card open at all times in order to keep Membership Rewards points intact. Here is what I suggested to this particular reader (edited response):
“This is a tough one. On the one hand, I’d hate for you to apply for such a low offer. On the other hand, I don’t like the idea of speculatively transferring points to miles. With all the devaluations we’ve had lately, it would be quite risky. Avios might be a decent option since they just changed the chart, but you are still locking yourself into one program.
Have you checked CardMatch tool to see if better offers show up? Some readers have reported seeing 30,000 points sign-up bonus on Amex Everyday Preferred (read about it here). Even with $95 annual fee, not waived, it would be preferable to 10,000 points offer on no-fee Amex Everyday. Plus, it’s an excellent card for those who like to accumulate MR points via everyday spending.
Is it always a bad idea to speculatively transfer flexible points?
Leana is the founder of Miles For Family. She enjoys beach vacations and visiting her family in Europe. Originally from Belarus, Leana resides in central Florida with her husband and two children.