I have signed up for the The Preferred Rewards Gold Card in the United Kingdom at 4 January 2016.

Amex informed me that I will receive 10,000 Membership Rewards points as anniversary bonus within 31 days from on or around 21st January, 2017. I'm planning to cancel my UK Amex after that.

My friend informed me I will lose all Amex points after cancelling a card. Since I've moved to the Netherlands I've received a new Dutch American Express Gold Premium here and don't need the one from the UK any more.

What's the best way to spend so many membership reward points? I used to love British Airways Avios, but they are a lot less useful now I don't live in the United Kingdom any more.