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Well, DW Just got a mail offer for the Premier Rewards Gold with 50K MR after 1k spend. I really would like her to take it, but we rarely fly, so the 3x reward wouldn't really be much use, but 2x on gas and grocieries could be. Also, hitting the 30K spend on it would take a real effort, since that is approaching half our household income.
We could probably fly for once a year to visit family instead of road tripping, and it may pay to use MR for that.
I currently use the BCE for a few bills, groceries and gas, but with no AF, it wouldnt hurt to put it through the new PRG instead. Next year I've been planning to PC to BCP, but if the MR are worth more than straight 3/2 or 6/3 percent cashback, I may be better off in the long run keeping the 175 AF and forgetting the BCP.
So I'd like some points of view here. Thanks!
You have to do the math on which card would give you the best return. It sounds like you know that it would be difficult for you to meet the 30k spend to make the AF worth it. I think you have to either choose cash back or points for travel if you have limited spend. You could always keep it for a year to get the bonus since I believe there is no AF the first year.
Yeah, No AF the first year.
It seems that MR points are redeemable for gift cards and other bonuses, as well as travel. I've never had any cards with Amex points, so im not exactly sure how that works. Does anybody know what the value of 50k MR points is?
There seems to be a lot of people keeping the PRG for the first year and chickening out on the AF and cancelling or PCing to another card. Cashback seems simpler, but it also seems like MR points are worth more than cash?
MR points are worth more than 1 cent per point only when you transfer them to loyalty programs. If you fly Delta, AA, or UA, the points will be really helpful. If you play the cards right, 50k points will give you 2 round trip tickets. Even if you fly only once a year, it's still worth it IMO.
@tk_0014 wrote:So I'd like some points of view here. Thanks!
Here's what I would do.
Apply for the PR Gold, since you have nothing to lose. With first year fee waived and 50K MR points, it's a small matter whether or not you meet the $30K spend for the tail end of the bonus.
If your spending doesn't justify the $175 fee, then request to downgrade to the Sr Green for $35, which allows you to keep them all as full MR points. Then, apply for a Blue for 10K MR bonus with no annual fee, if you still want to earn MR points and find value in their transferability.
Otherwise, just cancel the account and enjoy your free flights!