AMEX cards up for renewal. Don't want to pay annual fee.

My Amex Business Gold card and AMEX SPG card are both up for renewal. I don't want to pay the annual fees. I read somewhere that it wasn't worth transferring the points to Aeroplan. Any suggestions? I have over 20,000 points.

 Where in the world did you hear it wasn't worth transferring the points to Aeroplan? 15,000 points gets you a free short-haul flight to a neighbouring province or state. 25,000 points gets you a free flight to anywhere in North America. (still have to play fees and taxes).

If this is mostly about the AMEX fee, AMEX SPG can't be up for renewal for a number of months (April) so you don't need to be in a rush.

• Transfer your Amex MR points to Aeroplan. (I think you just missed the opportunity to get a 25% bonus)
• Then cancel the Amex Business Gold
• When you get closer to the AMEX SPG renewal, apply for a new Amex Business Gold (and get another 25K bonus points as long as you don't have another small business card) or an Amex small business SPG card (and get 10,000 SPG bonus points). Yes they will give you another new card this soon after cancelling.
• Cancel your Amex SPG

If you provide more info on your spending, what type of rewards you'd like, how much you'd like to travel and how you like to purchase travel (with points or find your own deal), we could provide useful recommendations.

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Even if you cancel the card, you still keep your SPG points. With the Gold card, transferring the points to Aeroplan is worth it if you need Aeroplan points.

I typically cancel the card if they don't provide a large incentive - assuming you have another credit card. Wait 3 months and reapply and get all of the bonuses again