Key Takeaways You'll typically forfeit unused rewards when closing a credit card account. You can preserve your rewards value by transferring or redeeming points before closing an account.

There is, however, one exception. Amex allows you to transfer Membership Rewards points to a partner loyalty account in your name or the name of an additional card member.

We’ll break down the current Amex savings interest rate and detail what you can get out of Amex's high-yield savings.