ASK LUCKY (and each other)


Have a travel related question? Post it here, and I’ll do my best to answer it as quickly as possible.

Anyone can post a question, but you'll get the most benefit from registering to join our forum. You'll be able to see when your question is answered, and like comments from other users.

This space is intended to be more of a community as well, so feel free to jump in and share tips!

Thanks for reading!

Best,
Ben

Length to keep a card

Discussion in 'questions. answers. conversations.' started by Robert Watkins, Jun 10, 2018.

  1. How long is it necessary to hold a card before cancellation without losing reward points?
     
    #1
  2. rickyw

    rickyw Well-Known Member

    Messages:
    1,067
    Likes Received:
    488
    A lot of it depends on the specific card, for instance if you have an airline credit card, the points would be transferred to the airline, so the card issuer would have no way of taking back the points when you cancel.

    On the other hand, American Express "owns" their membership rewards points, so you are more at risk of them taking those back if you sign up for a card and immediately cancel.

    As a general rule, if you're not doing it often, you can hold on to the card until an annual fee is due with little risk. At that time, you could transfer the points out to keep them 'safe', or look at downgrading a card to something with no annual fee.
     
    #2
    MidSouth Skier likes this.