Originally Posted by
in4tar
A good friend of mine did just that...he figured his spg would be pretty useless after the merge and hit it hard...then received a 'courtesy call"...I advised him not to answer, but the second such call he answered and was informed that Amx decided to make a "business decision" to terminate his accounts...not just spg - all of them, even though he didn't do any MS on the other cards...at least they gave him 30 days to transfer the MR points from his Platinum...but still...he has great FICO, high income, long history with Amx...yet here he is...
One thing many of us learned about American Express was that the only cards you could really do MS on with great frequency of the ones where they transfer the currency to another program like Hilton and Starwood Preferred Guest.
Ones that are resident within the card like MR were not as an good idea to do it because they more “own” and can take the points away very easily.
A lot of this was realized on one of the 100K sign-up deals that existed a year or so ago and some people got snagged and some people were able to get their points and get out of there.
Personally, I was never much of a fan of MR and while I did some ms transactions with it I never thought the currency was as valuable as Starwood was at the time and so I really didn’t use it too much and ended up canceling my am our cards anyways so I didn’t have that problem going forward.
Of course everyone has their own needs and likes and dislikes but for me the only currency that was really good with them was Hilton and Starwood and now we have to reshuffle to see if that is still viable at all.
I have learned however, that people who did what I did but also happen to have an MRI card as well, would run into shut down concerns more than me. And this post proves it