Would this signup strategy fly w/ Plat?
Jan 26, 2012, 7:36 am
#1
Original Poster
Join Date: Dec 2009
Location: CHA/TYS
Programs: The Mac Daddy of Heimlich County (and low-ball status)
Posts: 2,868
Would this signup strategy fly w/ Plat?
About to hit my 1 year mark.
- Refer gf to Plat with 50k promo and 10k back to me
- use my $200 air credit
- When my bonus hits my account from her referral, close my account (still have DL Gold, Surpass, and SPG AMEX open) and not have to pay $450 renew fee (or pro-rated)
- Sign up for an extra card under her account back in my name
so, 50k for her, extra 10k for me, $400 total air credit, $625 total expense. obviously i won't do it if it would threaten my current MR point balance
- Refer gf to Plat with 50k promo and 10k back to me
- use my $200 air credit
- When my bonus hits my account from her referral, close my account (still have DL Gold, Surpass, and SPG AMEX open) and not have to pay $450 renew fee (or pro-rated)
- Sign up for an extra card under her account back in my name
so, 50k for her, extra 10k for me, $400 total air credit, $625 total expense. obviously i won't do it if it would threaten my current MR point balance
Jan 26, 2012, 8:35 am
#2
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,958
Jan 26, 2012, 8:42 am
#3
Original Poster
Join Date: Dec 2009
Location: CHA/TYS
Programs: The Mac Daddy of Heimlich County (and low-ball status)
Posts: 2,868
Jan 26, 2012, 8:53 am
#4
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,958
Yes. Holding those cards changes expiration from immediate to 30 Days.
Read here:
http://www.membershiprewards.com/cat...NTCANCELLATION
Read here:
http://www.membershiprewards.com/cat...NTCANCELLATION
If for any reason we cancel any Linked Account (including because of your death, bankruptcy or insolvency), any points accrued in your program account will be forfeited. If we reinstate the Linked Account(s) within one year of cancellation, any points accrued in your program account may be converted into a participating Frequent Customer program or redeemed for a reward, provided all other conditions set forth herein have been met.
If you voluntarily cancel enrollment in the program or cancel all Linked Accounts enrolled in the program but keep at least one AMEX Card open and in good standing, you will have up to 30 days from date of cancellation to redeem the points accrued in the program account.
If you cancel a Linked Account and cancel all Cards that are issued by AMEX or its affiliates, all points accrued in the program account will be forfeited immediately.
If any Linked Account is not in good standing, your enrollment in the program may be canceled or the points accrued in your program account forfeited.
If you voluntarily cancel enrollment in the program or cancel all Linked Accounts enrolled in the program but keep at least one AMEX Card open and in good standing, you will have up to 30 days from date of cancellation to redeem the points accrued in the program account.
If you cancel a Linked Account and cancel all Cards that are issued by AMEX or its affiliates, all points accrued in the program account will be forfeited immediately.
If any Linked Account is not in good standing, your enrollment in the program may be canceled or the points accrued in your program account forfeited.
Last edited by mia; Jan 26, 2012 at 10:07 am
Jan 26, 2012, 10:33 am
#6
Join Date: Jan 2006
Location: Pittsburgh, PA
Programs: Hyatt Globalist, Hilton Diamond, Marriott Lifetime Titanium
Posts: 413
Or signup for the Mercedes Platinum ($475) and collect another 50k in MR points and another $400 in airline fees ($200 in 2012, $200 in 2013).
That is what I would do...
Then you can cancel the regular Platinum card.
That is what I would do...
Then you can cancel the regular Platinum card.
Jan 26, 2012, 12:25 pm
#7
Join Date: May 2008
Location: PHL (kinda, no airport is really close)
Programs: AA Exp, but not sure for how long. Enterprise Platinum woo-hoo!
Posts: 4,551
I think you can also open a Blue card that has no annual fee and preserve the points. You will not be able to transfer them to another loyalty program, you can only use them for merchandise or travel, but if you later open a Green/Gold/Plat card, they would again become "real" MR points.
Amex will also sometimes allow you to transfer points to a household member as a one-time courtesy.
I am doing something very similar to what you are doing, as my Plat card renews in a week or two, and one of the main Plat benefits we use is lounge access, but she is the one who uses it. So I won't have a Plat card, she will, and we'll get the referral bonus, signup bonus, and only pay $450 vs. $625 we had to pay this year.
Amex will also sometimes allow you to transfer points to a household member as a one-time courtesy.
I am doing something very similar to what you are doing, as my Plat card renews in a week or two, and one of the main Plat benefits we use is lounge access, but she is the one who uses it. So I won't have a Plat card, she will, and we'll get the referral bonus, signup bonus, and only pay $450 vs. $625 we had to pay this year.
Jan 26, 2012, 1:05 pm
#8
Join Date: Aug 2011
Posts: 32
I think you can also open a Blue card that has no annual fee and preserve the points. You will not be able to transfer them to another loyalty program, you can only use them for merchandise or travel, but if you later open a Green/Gold/Plat card, they would again become "real" MR points.
Amex will also sometimes allow you to transfer points to a household member as a one-time courtesy.
I am doing something very similar to what you are doing, as my Plat card renews in a week or two, and one of the main Plat benefits we use is lounge access, but she is the one who uses it. So I won't have a Plat card, she will, and we'll get the referral bonus, signup bonus, and only pay $450 vs. $625 we had to pay this year.
Amex will also sometimes allow you to transfer points to a household member as a one-time courtesy.
I am doing something very similar to what you are doing, as my Plat card renews in a week or two, and one of the main Plat benefits we use is lounge access, but she is the one who uses it. So I won't have a Plat card, she will, and we'll get the referral bonus, signup bonus, and only pay $450 vs. $625 we had to pay this year.