Membership Rewards Points Advance

Old Apr 16, 13, 8:40 am
  #1  
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Membership Rewards Points Advance

I have an Amex Platinum which is due AF this month so I am planning to close the account. I have 6K points in the account so far. Last month I've opened Amex PRG and minimum spent is met but stmt is not closed so points (50K) have not been posted yet.

However, I realized that I need to make an urgent trip on Delta this weekend and I am short of 40K points. Only option I have is to transfer them from membership rewards points by borrowings atleast 34k points in advance. I've searched the forum and blogs and it seems PRG only allows 15K points advance at a time but platinum allows upto 60K points. I am confused on if I borrow 34K points, Do they have to be earned back on Amex Platinum card only or When my PRG points 50K post by end of this month, will they balance out the borrowed points? I don't want to keep platinum card after this month so I don;t want to end up paying for that 34K points advance.

Thanks for any inputs.
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Old Apr 16, 13, 8:51 am
  #2  
mia
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1. If the 50,000 points are shown as "pending" contact American Express customer service and ask if they can post the points now to allow you to transfer to Delta.

2. If not, just keep the Platinum Card open until the 50,000 points post, this will automatically repay the Advance, assuming both cards are linked to the same Membership Rewards account.
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Old Apr 16, 13, 12:36 pm
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Originally Posted by mia View Post
1. If the 50,000 points are shown as "pending" contact American Express customer service and ask if they can post the points now to allow you to transfer to Delta.

2. If not, just keep the Platinum Card open until the 50,000 points post, this will automatically repay the Advance, assuming both cards are linked to the same Membership Rewards account.
What happens if one closes the account while the advanced points haven't been paid off? Will AMEX charge the account at 2.5c/p and ask you to pay it off before the account can be closed?
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Old Apr 16, 13, 12:44 pm
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I have never taken a points advance, but I'm pretty sure Amex will charge unrepaid points at $0.025.

Amex bonuses do not wait for the statement to post; they post as soon as the spend is met. If it's been more than a couple days, contact Amex. Unfortunately, they will tell you to allow 6-8 weeks, even though it doesn't really take that long. The problem is that if they haven't posted within 2-3 days, there's a good chance they will not give them to you at all. Since you have an Amex Plat, you may run afoul of the rule denying the bonus if you've had any other personal Amex card in the past 90 days/12 months.
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Old Apr 16, 13, 12:45 pm
  #5  
mia
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I do not see anything in the terms suggesting that closing a specific card triggers immediate repayment. As I read it, you have twelve months unless you close your Membership Rewards account, and your Gold card will keep the rewards account open.

Satisfying a Points Advance
After you get a Points Advance, all points you earn within the next 12 months will be applied to the Points Advance until it is satisfied. If you have gotten more than one Points Advance, the points you earn will first go towards your oldest Points Advance. Points that you get back for returning rewards will first be applied to the Points Advance you used to get the reward. If you’ve already satisfied that Points Advance, then the returned points will go towards your oldest Points Advance. If you’ve satisfied all of your Points Advances, the returned points will go into your program account.
If you don’t earn enough points to cover a Points Advance after 12 months, or if your enrollment in the program is canceled before the Points Advance is satisfied, your Linked Card Account will be charged for the unearned points at the rate for buying them. This rate is the rate that was in effect on the date you got your Points Advance. Keep in mind that there is a delay between when you make a charge on your Card and when points are added to your program account. Only points that are added to your program account before 12 months have passed will count towards your Points Advance.
http://www.membershiprewards.com/cat...rmsSplash.aspx
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Old Apr 16, 13, 3:22 pm
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Originally Posted by mia View Post
I do not see anything in the terms suggesting that closing a specific card triggers immediate repayment. As I read it, you have twelve months unless you close your Membership Rewards account, and your Gold card will keep the rewards account open.



http://www.membershiprewards.com/cat...rmsSplash.aspx
what if you only had one card that's MR enrolled? any anecdotes on how AMEX handles it when you try to close that account with points advance outstanding? charge it to your other non-MR AMEX card accounts?
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Old Apr 16, 13, 8:18 pm
  #7  
 
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Originally Posted by lichenlt View Post
what if you only had one card that's MR enrolled?
Then your MR account closes when you close the enrolled card, and that will trigger the points advance repayment.

any anecdotes on how AMEX handles it when you try to close that account with points advance outstanding? charge it to your other non-MR AMEX card accounts?
I would imagine that they'd charge it to the MR-linked card that you are closing on the final statement. They'd certainly have to do that if that was the only Amex card you had, so I don't see why they would make a special case for the situation of you having another Amex card that wasn't in MR.
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Old Apr 16, 13, 10:37 pm
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Is the plat card personal or business? If it's personal, you may not be getting the signup bonus you're expecting…typically the terms are "Welcome bonus offer not available to applicants who have had this product within the last 12 months or any other Consumer ZYNC®, Green or Gold Card or Platinum Card® account within the last 90 days."
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Old Apr 17, 13, 5:10 am
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Originally Posted by stellertony View Post
Is the plat card personal or business? If it's personal, you may not be getting the signup bonus you're expecting…typically the terms are "Welcome bonus offer not available to applicants who have had this product within the last 12 months or any other Consumer ZYNC®, Green or Gold Card or Platinum Card® account within the last 90 days."
I am expecting signup bonus for PRG card. My plat card was opened in 2011.
Should I be worried about this sign-up bonus?
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Old Apr 17, 13, 10:47 am
  #10  
mia
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Originally Posted by jydop View Post
I am expecting signup bonus for PRG card. My plat card was opened in 2011.
If your personal Platinum Card account was still open when you applied for the Preferred Rewards Gold you are not eligible for a bonus. It does not matter when you opened the account. Eligibility is determined by the what is open (or how recently closed) at the time of application.
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Old Apr 17, 13, 11:41 am
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Originally Posted by mia View Post
Originally Posted by jydop View Post
I am expecting signup bonus for PRG card. My plat card was opened in 2011.
If your personal Platinum Card account was still open when you applied for the Preferred Rewards Gold you are not eligible for a bonus. It does not matter when you opened the account. Eligibility is determined by the what is open (or how recently closed) at the time of application.
Damn. I should've done my research before applying. What a waste of a credit pull.
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Old Apr 17, 13, 1:19 pm
  #12  
mia
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Note that the Points Advance feature ends 7.1.2013:

http://www.flyertalk.com/forum/ameri...l#post20607472
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Old Apr 17, 13, 5:52 pm
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Since Points Advance is ending .......I will tell you that Amex waived the repayment fee in a case where I closed the account of someone related to me because they died. I have to give Amex high ratings in these situations.
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Old May 20, 13, 4:29 pm
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Advance on the MR points

Hey guys!

I'm a new Amex Business card owner, and I recently got in on the 75k promo for the Business Gold card. I made a charge to the card today that finally made it over the 5k spend (today's charge shows up as pending), but my statement closes in like 3 weeks. I may have a situation that I need to get a flight out from LHR to BOM this Saturday (5/25), and it looks like BA has award tickets available (checked both on BA and awardnexus), obviously with the stupid surcharge. Anyway, I have some Avios in my account, but would need to top it off to get the required Avios. Is there any way I can sneak this in? Or should I just resign myself to buying Avios (they are running a promo with 7k bonus points now).

Any info is helpful. I have a lot of miles on United as well, but it doesn't look like they have any availability. The only other points I have are on Virgin, which I may be able to take the Sunday flight, but not sure.

Thanks!
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Old May 20, 13, 4:49 pm
  #15  
mia
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American Express (USA) has a feature called Points Advance, but it will be eliminated next month:

http://www.flyertalk.com/forum/ameri...ne-2013-a.html

Also, the feature has not always been available to new cardholders. When the pending charge clears the bonus points may post within a couple days. If not, or if you cannot wait, I suggest you call American Express customer service and explain that you would like to use the Points Advance feature to transfer XX,000 points to BA. You can only use Points Advance or Points Purchase as part of a transfer or other redemption, you cannot just add them to your Membership Rewards account.
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