How to Move Credit Card Points to Another Account

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Transferring credit card points is never possible between credit card companies, but as long as you maintain a rewards account of some type with a particular credit card company, you will be able to maintain your points levels even if you close one of your accounts and open another one. Contact your credit card company customer service department for more information if you intend to close a rewards credit card.

Determine the exact name of your credit card rewards program. Some credit card companies split up their offered rewards programs among different tiers that score each point differently. For example, a credit rewards card tied to a particular airline may be difficult or impossible to transfer points from. In other cases, the credit card company supports such moves and will assist you in making any transfer.

Review all agreements attached to your credit card rewards program. Many rewards programs allow you to transfer your points, but at a significant penalty. Others will let your points expire if you don't use them by a certain date.

Avoid closing your rewards credit card until you determine how, and under what conditions, you can transfer your rewards points to another account in your name. You can never transfer rewards points from an account in your name to another individual's account.

Open a new credit card account with the same credit card company that has a compatible rewards program. Contact the customer service department of the credit card company and request a points transfer. In some cases, you will lose a percentage of your rewards points for transferring them to a new account. You may gain more of an advantage if you spend most of your credit card rewards points before transferring them.

Close the original credit card account where you earned most of the rewards points after you have transferred them to the new account, if you choose. You're not obligated to close the account, but if there are significant annual fees and other charges attached to keeping it open, shutting down the card can save you money.

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