I was wondering what is the best long term strategy to take advantage of the AMEX sign up bonuses.
I got an Explorer card (100k points bonus) and a few months later got one for my wife.
My plan was to cancel my card before the end of my first year and then 18 months later get into another card with a sign up bonus. However, if I cancel my card I would lose all my points and I can only transfer 25k points a year to my wife.
Is there any good way to get around this? I could use my current points before cancelling but I was planning in using them for something that requires a bit more points.
I’m not sure if taking advantage of the sign up bonuses and cancelling cards is frowned upon, but was wondering if there were any recommendations out there.
Thanks in advance