If there is one bank I love the most, it is American Express. They issue the best Travel Rewards Credit Cards, Point Rewards Credit Cards, and Hotel Rewards Credit Cards. Not only that, their famous Membership Rewards points transfer to dozens of airlines and also to various hotels – so using AMEX points in a good way isn’t hard at all.
I’m currently doing an end-of-the-month credit card inventory and I’m deciding whether or not I should cancel or keep some of my credit cards. I’ve mentioned before that I have over 20 cards open, and half of them are AMEX cards… because I simply love the bank and I find the Membership Rewards points to be the most valuable in the industry.
So what are some of the AMEX cards that I currently have? They include the Platinum Card, the Premier Rewards Gold Card, the Starwood Preferred Guest Credit Card, the AMEX EveryDay Credit Card, the Business Gold Rewards Card, the Business Platinum Card, the Starwood Preferred Guest Business Credit Card, and a few others.
Which ones am I cancelling? I’ve decided the Business Platinum Card needs to go. With the recent change of the 50% points reimbursement when buying flights with points, I don’t find anymore value in holding onto the card. This new benefit was amazing and incredible, and after less than a year American Express has decided to cut it down.. so it doesn’t make sense to keep both the personal and business Platinum Cards.
I called American Express to cancel cards and the agent I was speaking with was very helpful and funny, and upon reviewing my AMEX account he made the comment of “Wow… you’ve got everything”. He was obviously referring to the variation of AMEX cards that I have. He thanked me for being a valued customer for quite some time now and quickly processed the cancellation requests.
While I don’t have “everything”, I do have a lot of AMEX!