Originally Posted by
Pet0r
Currently hold Amex Gold and BAPP both in my name with my wife being a supplementary cardholder. I guess the best thing for us is to earn the Amex Gold bonus and the Amex 241, and then for me to cancel my cards and for her to take out the same ones (presumably though I should refer her first so there will be some overlap), and then rinse and repeat 6 months down the line. My question is - what happens to my Amex 241 if I haven't spent it when I want to cancel the BAPP?
I prefer a more cautionary approach of keeping the Gold card for 12 months and referring just before I cancel - although I have only recently cancelled my first gold. Whilst there is no stated reason you can't follow your idea, I would rather keep Amex onside as much as I can.
Yes if you cancel your BAPP without using the 2-4-1 you lose it. Best to downgrade to the free BA card.