Originally Posted by
mreed911
The terms don't allow them to "take back the points" if you meet the requirements, but if you don't have another card that is MR eligible, you don't have an MR account anymore, so your points disappear. Transfer them out first.
Sounds like you only get the Platinum Bonus Miles once.. so if you reapply, you may not be entitled to it.. I may be wrong.. and actually hope I'm wrong.