American Express Membership Rewards - Is 241 still valid if you cancel BA Amex?

I want to cancel my wife's BA Amex, get a Blue and reapply so that they don't keep charging us £120.

We have recently got a 241 voucher on it - do you think the voucher will continue to be valid for its 12 month period?

thanks

Full BA Amex 2for1 T&Cs:

http://www10.americanexpress.com/sif/cda/page/0,1641,25303,00.asp

I can't seem to find anything in there to the effect that your card must still be valid upon travel. I recently redeemed my first BA Amex 2for1 voucher and was asked for the card at check-in for the outbound flight. If you do decide to risk it, I therefore strongly recommend that you do not destroy the card but keep it safe and take it with you on your trip.

I want to cancel my wife's BA Amex, get a Blue and reapply so that they don't keep charging us £120.

We have recently got a 241 voucher on it - do you think the voucher will continue to be valid for its 12 month period?

thanks

You don't need to reapply, do you? Once you've had the Blue for 6 months, ring Amex and they will take you down to £30 pa immmediately and (hopefully) give you a pro-rata refund on your existing year. Seems a lot easier than messing about cancelling and reapplying, albeit it will cost you 6 months of fee.