CNBC Points Pro: I have 300,000 points but don’t travel much anymore. What should I do with my Amex Platinum?

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. Welcome to the Points Pro, where I answer your credit cards and travel rewards questions each week. If you have a question you'd like answered, you can submit it here . This week, CNBC Select reader Brad from Florida asks : I've had the American Express Platinum Card® for years and I am questioning how valuable it is for me at this point in my life. I used to travel extensively for my career and loved the access to airport lounges. Why would I need this card now? ( This question has been edited for clarity and brevity. ) Depending on how long Brad has had his American Express Platinum Card® , he may have gone through multiple updates to the card's benefits and increases in the annual fee, which now sits at a hefty $895 (see rates and fees ). There's plenty of value available to make the Amex Platinum worth it , but it's a complicated endeavor. And if you're not traveling as much, many of the best perks aren't as useful. It makes sense that Brad is questioning whether to keep this card. What makes his situation a bit more complicated is that he has an American Express Membership Rewards® balance of around 300,000 points. If he doesn't have a plan to use those points, he could lose them if he closes the account. For someone in a situation like Brad's, downgrading an expensive credit card has advantages over closing it. …