From a post at flyertalk: Dear Cardmember: It has been more than 5 years since we have made significant changes to the terms and conditions of the Membership Rewards® program. We have recently reassessed our program policies and have made a number of changes. These changes will take effect March 15th, 2004 and include the following: The fee to reinstate points forfeited for late payment will increase to $29 for each month of points reinstated. For Cardmembers who cancel their Membership Rewards enrollment (or all Cards enrolled in the program) but still have one Card account open, the time period to redeem accrued points will change from 6 months to 30 days. For each Corporate Card linked to a Membership Rewards account with another enrolled charge Card, the additional annual program fee will increase to $35. For each transfer of points into the Frequent Flyer program of a US airline, a fee of $0.0004 per point*, with a maximum fee of $50, will be charged to your Card account. We charge this fee to offset the federal excise tax we must pay on such transfers. The fee may be more or less than the actual amount of the excise tax we pay on any individual transfer. Should you have any additional questions, our customer service team is available 7 days a week toll-free at 1-800-AXP-EARN (297-3276). Thank you for your continued loyalty to American Express and the Membership Rewards program. Sincerely, American Express * The fee will be $0.0004 per two points transferred to a US airline for Cardmembers enrolled in Membership Rewards Options This sux, it will only be 10.00 per 25,000 pts, but on top of their rather steep annual fees, this is just ridiculous, just thought I would fill everyone in:-(
