Is Amex getting rid of AIR MILES?

American Express has announced that it will end its partnership with Air Miles. As of September 30, 2023, all Air Miles co-branded credit cards will be discontinued, and cardholders will be transitioned to a card that earns American Express Membership Rewards instead.



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AmEx cards issued with an airline or hotel partner, such as the Delta SkyMiles® Gold American Express Card and the Hilton Honors American Express Card, earn points or miles in the partner's loyalty program.

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Membership Rewards® points have no expiration date.

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Closing a credit card won't immediately affect your length of credit history (worth 15% of your FICO Score) by lowering your average credit age. Even after you close a positive account, it may remain on your credit for up to 10 years. But after that, it could decrease your score.

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AIR MILES: Loyalty Ventures declares bankruptcy and BMO buys the program. To the point Loyalty Ventures, the company that owns AIR MILES, has filed for bankruptcy. On June 1, 2023, BMO confirms the purchase of the loyalty program. *** June 1, 2023 : The AIR MILES program is officially purchased by BMO.

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BMO has completed its acquisition of Air Miles from the defunct Loyalty Ventures Incorporated. This is an enormous purchase of a famous loyalty brand for the Bank of Montreal, and came with a price tag of $160 million (USD).

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