Frequent Miler on the Air Do you lose your points when you cancel your credit card? | Coffee Break Ep64 | 7-22-25
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Jul 22, 2025 Discover how to protect your valuable points when canceling credit cards! Learn that airline and hotel card points often remain safe, but bank card points could be at risk. Get savvy tips on managing points with major banks like Chase, Amex, and Citi to ensure you don't lose them. Uncover unique strategies like product changes and transferring rewards, especially with Capital One miles. This informative guide will help you navigate the tricky landscape of credit card cancellations and keep your rewards intact!
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Keep Airline/Hotel Points Safe
- Canceling an airline or hotel credit card does not cause you to lose your accumulated miles or points.
- Points remain in your airline or hotel loyalty account, not with the bank that issues the card.
Keep Chase Points Alive
- To keep Chase Ultimate Rewards points alive when canceling a card, product change to a no annual fee card that earns the same points.
- Alternatively, transfer points to another Chase card or household member before canceling.
Preserve Amex Membership Rewards
- To preserve Amex Membership Rewards points, maintain at least one open Amex card that earns those points.
- Consider keeping an Amex Blue Business Plus card as a no-fee option to keep points alive while canceling other cards.