Several months ago, I wrote about the dilemma I was facing over whether to close my Amex Starwood Preferred Guest (SPG) credit card when the $65 annual fee came due. Ultimately, I decided to keep the card open, and accepted Amex’s retention offer of 1,000 SPG points.
There were several factors that played into my decision:
- I had two other Amex accounts that I planned to close when the annual fees posted.
- I I wanted to retain my full credit line with Amex, by transferring the credit from the closed credit cards to an open account.
- I hoped to accumulate more SPG points over the course of the year, that I could transfer to various airlines to top off my frequent flyer accounts.
- I was close to reaching the 20,000 point threshold, when transfers to airlines earn a 5,000 point bonus.
Amex currently has targeted deals offering statement credits for over a dozen promos. If you click on the “Offers for You” tab, you will be directed to up to a dozen targeted offers for savings off various purchases.