Whenever you get an email from your credit card company notifying you of changes in your rewards program, odds are you’re not about to read some great news about fantastic benefits awaiting you. American Express told customers its Continental/United rewards program, which allows access to lounges, is flying away this week.

The email reads:

Effective Oct. 1, 2011, Continental Airlines will no longer participate in the American Express® Membership Rewards® and Airport Club Access programs.
American Express Cardmembers can continue to transfer Membership Rewards points to their OnePass accounts through Sept. 30, 2011.The Presidents Club® will continue to accept valid Platinum and Centurion cards for admittance to lounges through Sept. 30, 2011.

Customers have until Sept. 30, 2011 to transfer their Membership Reward points to OnePass miles, explore other options for club admittance and select a OnePass mileage earning payment card.

If this is affecting you, how will you handle the change? And what credit card gives you the most miles for your bucks?

(Thanks, Dan!)

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