Ideas to best use 400K Amex points? Cannot travel the next couple years due to a family situation at home.

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Not sure I understand. Are you trying to do one last trip? Or are you looking for ideas that done involve traveling? If the latter, get the Charles Schwab card and cash it out.

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Another option is do a staycation in a higher end Marriott or Hilton, depending on your city. You can take advantage of a fifth free award night to get a great redemption. Or just do one night here or there to celebrate a birthday or something. I did a night at my city’s ritz Carlton on my anniversary and that was awesome.

Are you required to use them? Why don’t you just let the points pile up over the years?

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Good point I’m wondering too

I’d consider doing 1 of 2 things. Consider applying for the Schwab platinum card and transferring to a brokerage account (and getting bonus attached to it) or do cash back as is +HYSA. Points get devalued for transfer partners constantly and having the points sit stale does you no favors

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By the partners arbitrarily and without notice changing redemption prices by 20-30% for the same route. Very few carriers have avoided doing that over the past 2-3 years. And it gets worse when carriers go from distance charts -> dynamic pricing.

JetBlue has an offer currently transfer to JetBlue

I have not been able to find a good use for Amex points for 4-5 years; mostly because I usually have hotel/airline points to cover my travels. I’m OK leaving them there but if there’s a way to get something out of it, I’d prefer it. Else, the points just sit there.

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