I’ve been planning to cancel my Amex Platinum card for a while and I won’t renew it next year. Even with its (limited) $200 travel credit, the $450 annual fee just isn’t worth it to me any more since Amex lost Admiral’s Club membership as a perk. Its other perks are mostly either duplicative of perks on other premium cards I have or just not very useful or valuable to me. (I will miss Centurion Club, though!) And, after this year, the annual fee is going up to $550. The question has been what to do with the Membership Rewards points I’ve accrued.
MR do not transfer to American Airlines AAdvantage, my most frequently used airline. Membership Rewards points do transfer to American partner British Airways, though. Since 2015 until recently, however, the transfer rate from MR points to British Airways Avios has been abysmal: 250MR to 200 Avios. Last week, Amex restored the old 1:1 ratio. But now, only until September 17, 2017, Amex is offering a 250 MR to 350 Avios transfer rate, a whopping increase. I use Avios a lot to get reduced-rate short-haul flights on partner American Airlines. Avios are also good for short-haul flights in Europe and I can share Avios between British Airways and Iberia Airlines making them even more useful. Anyway, I intend to take advantage of this offer and thought I’d give a heads-up.