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Amex gold - fee refund and points transfer??

Good Afternoon!!

I have an Amex 'Preferred Rewards Gold Card'.
I've had it for a year and stupid me, completely forgot about the annual membership fee which was kindly charged (£140) on 5th July.

Amex told me I would get a prorata refund if I close my account but I don't want to lose the points I've built up.

Can I transfer them? Downgrade?

Help!!

The man at Amex was not very helpful and wasn't for giving my any advice therefore any advice from the MSE forum would be HUGELY appreciated!

Thank you :)
Laura

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