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This is just quick reminder that after today, June 30, 2012, Priority Club (Intercontinental, Crowne Plaza, Holiday Inn, etc.) will no longer be a transfer partner of American Express. You can find the details on Priority Club’s website here.
While I’m not too upset, because Priority Club is also a transfer partner with Chase Ultimate Rewards at the same 1:1 transfer ratio, so I’ll still be able to use all the points I’m racking up with my Sapphire Preferred and Ink Bold cards, I did like knowing that I could top up my Priority Club account with Membership Rewards points at a 1:1 transfer ratio, and being able to use just 5,000 points for PointBreaks awards. But I can’t say I often took advantage of this option, with the exception of fortuitous timing for a stay in Phnom Penh.
This is just an additional loss for Amex that comes after Chase added Ritz-Carlton to its transfer partner roster and continues its push for points program dominance. I’d be happy to see American Express permanently change the Starwood Preferred Guest transfer ratio to at least 2:1 instead of the bad current ratio of 3 Amex to 1 Starwood point. Either that or add some interesting new non-chain hotel redemptions that offer more than a cent per point in value. Otherwise, Chase Ultimate Rewards seem to be on a path to topple Amex Membership Rewards for the title of best transferable points program.
Premier Rewards Gold Card from American Express
|Intro APR||Regular APR||Annual Fee||Balance Transfer Fee||Credit Rating|
|N/A||Introductory annual fee of $0 for the first year, then $195||See Terms||Excellent Credit|