Disclosure: We get a commission for links on the blog. You don’t have to use our links, but we’re very grateful when you do. American Express, Barclaycard, Capital One, Chase, and US Bank are Million Mile Secrets advertising partners. Opinions expressed here are the author's alone, and have not been reviewed, approved or endorsed by our partners. Here’s our Advertiser Disclosure.
Update: A credit card offer in this post may no longer be available, but check the Hot Deals for the latest offers!
Million Mile Secrets reader Dan comments:
Will I lose my Starwood points if I cancel the card?
Dan is referring to the Starwood Preferred Guest American Express card, which has an increased sign-up bonus of up to 30,000 points for a limited time.
Link: Starwood Preferred Guest American Express (Personal)
Link: Starwood Preferred Guest American Express (Business)
Dan doesn’t need to worry. As with other airline and hotel credit cards, if he cancels his Starwood Preferred Guest card, any points that are already in his account are his to keep.
He may lose the miles he earns in his last billing cycle (before cancelling the card) because points can take a while to post to his account. So if he cancels, his best bet is to refrain from using the card for a month before cancelling. That way he won’t lose out on points!
Note: Dan WILL lose his points if he doesn’t earn or spend Starwood Preferred Guest points after 12 months. That’s because Starwood Preferred Guest points expire if your account is inactive for a year.
But there are lots of ways to keep hotel accounts active, even if you’re not earning points from a credit card.
Be Careful With Bank Rewards Points!
If Dan cancels a card that earns bank rewards points, like American Express Membership Rewards, Chase Ultimate Rewards, or Barclaycard Arrival Plus miles, he could lose ALL his points.
That’s because these reward programs are tied directly to the credit card. But there are ways to save your points even if you have to close the card.
Dan will NOT lose his Starwood Preferred Guest points if he cancels his Starwood Preferred Guest American Express card. Any points already in his account are his to use.
But he will lose his points if he has no activity in his account for a year. But it is easy to generate activity in your account to keep your points alive!
Cancelling a bank points credit card will generally result in losing your points, but there are lots of ways to save them!
Thanks for the question, Dan!
* If you liked this post, why don’t you join the 16,000+ readers who have signed-up to receive free blog posts via email (only 1 email per day!) or in an RSS reader …because then you’ll never miss another update!