I’ve been looking at getting my first rewards credit card and am trying to work out the best way to maximise points without too many records on my credit file. I was originally looking at Qantas FF cards, but am now leaning towards a flexible points program for greater flexibility.
I really like the look of the American Express Platinum Edge card, but you only get 10,000 bonus points on signup. To take advantage of the “new to Amex” bonus, looks like the Explorer card would be a good alternative (100,000 Gateway points).
My question is this: if I get the Explorer card now, and then in 10-12 months cancel it and get the Platinum Edge card instead, what happens to those points I’ve accrued in the Gateway rewards scheme? Do they stay in a separate account (even though I would no longer have the Explorer card) and then I can transfer them to whichever program I choose when ready? Or do they disappear? Or something else?
Hope that makes sense, and thanks in advance.