American Express Platinum Travel Credit Card Renewal - Opinion

[BucksBunny88888888]

I have renewal coming after couple of days for my American Express Platinum Travel Credit Card. I just spoke with Amex support and they provided me 3 options for renewal benefit. Spent over 7 lacs in last year on my Platinum Travel credit card.

I also hold Amex Platinum Charge Card.

1. Discount of 50% on renewal fee that I end up paying 2900 Rupees, No Reward Points offered.
2. Pay full fee 5900 Rupees and get 10000 Amex Reward Points.
3. Pay 10000 Amex Reward Points from my Existing Reward point balance for full fee waiver of 5900 Rupees.

I think option 2 is better, interested to know your option and thoughts. They are not ready to negotiate beyond above 3 options, I tried my best.

Looking forward to hear from you guys.

Cheers!

 

[SANTOSHJ1983]

Yes you can buy 10k points each calendar year

How to but points from amex ? contact them using chat or some amex link ?

 

[Slayer]

How to but points from amex ? contact them using chat or some amex link ?

Yes . .

 

[cardoptimizer]

Call them. The support on chat ask to call the number on back of card.

 

[cardoptimizer]

For me, Amex team provided only one option today to reduce the fee by 50%. I enquired about spend based offer but they don't have on amex plat travel.

I am happy with 50% fee waiver. Would have crossed spend based offer also but not sure if its still offered on plat travel card.

 

[BucksBunny88888888]

There's a 4th option that offers fee waiver based on certain spending milestone within the next 90 days.

If you have big spends coming up, you can try for that as well!

They haven't offered it, may I ask them?

 

[BucksBunny88888888]

Even American express would prefer that you pay 5900 & get 10k points because they are creating millions of points out of thin air, without any control or limit; and trying to exchange it for real money!

They print reward points but they also have to pay for services we redeem. Of-course they buy it for much cheaper price and bulk. Like Taj must be giving me 30-40% off on their vouchers. I believe real value of points it 25-30 paise.

 

[Swastik]

For me, Amex team provided only one option today to reduce the fee by 50%. I enquired about spend based offer but they don't have on amex plat travel.

I am happy with 50% fee waiver. Would have crossed spend based offer also but not sure if its still offered on plat travel card.

Same here, just 50% off
No option to pay with points or get points on payment, and nothing about wavier milestones

 

[BucksBunny88888888]

Same here, just 50% off
No option to pay with points or get points on payment, and nothing about wavier milestones

They gave me 3 options which I mentioned above. Now just had chat, they are giving 10000 RP for 4000 Rupee. Then 3rd option is good to pay fee with 10000 points and then buy back those 10000 points using 4000 INR, so considering points value to 50 paise. I will stay in 1000 INR profit and saving 1900 Rs.

 

[Swastik]

They gave me 3 options which I mentioned above. Now just had chat, they are giving 10000 RP for 4000 Rupee. Then 3rd option is good to pay fee with 10000 points and then buy back those 10000 points using 4000 INR, so considering points value to 50 paise. I will stay in 1000 INR profit and saving 1900 Rs.

I mean yeah if you want those 10k points, Otherwise just pay the fee with 10k points and forget about it

Honestly while i like earning points on Amex, i wouldn't spend money to buy them,
So i would either pay 50% fee or 10k points

 

[BucksBunny88888888]

I mean yeah if you want those 10k points, Otherwise just pay the fee with 10k points and forget about it

Honestly while i like earning points on Amex, i wouldn't spend money to buy them,
So i would either pay 50% fee or 10k points

I will just temporarily pay 10000 points to cover 5900 fee. I will pay 5900 to get 10000 points but after choosing 3rd option and paying my fee with 10000 points I will buy back those 10000 points with 4000 INR. Which saves me 1900 Rs. and value wise I stay 1000 Rupees in profit.

 

[JAM]

I will just temporarily pay 10000 points to cover 5900 fee. I will pay 5900 to get 10000 points but after choosing 3rd option and paying my fee with 10000 points I will buy back those 10000 points with 4000 INR. Which saves me 1900 Rs. and value wise I stay 1000 Rupees in profit.

So you start with 10,000 points and end with 10,000 points and you spent 4000rs.
You are in loss of 1100 rs good sir.

 

[BucksBunny88888888]

So you start with 10,000 points and end with 10,000 points and you spent 4000rs.
You are in loss of 1100 rs good sir.

can you elaborate?

 

[JAM]

can you elaborate?

In option 1 you keep your 10k points and renew for 2900.

 

[CVR]

can you elaborate?

Fees is 2900 and not 5800 as they anyways giving 50% off on fees without any conditions..

 

[BucksBunny88888888]

In option 1 you keep your 10k points and renew for 2900.

2900 Rupees going out of my pocket and no reward points against it, its pure loss. By paying money 4000 I will get 10000 points which will cover 5900 Rupees fees and my 10000 points stay with me.

 

[CVR]

I mean yeah if you want those 10k points, Otherwise just pay the fee with 10k points and forget about it

Honestly while i like earning points on Amex, i wouldn't spend money to buy them,
So i would either pay 50% fee or 10k points

Paying 10k points is worst option of all in my view.. either pay 2900 as fees or pay 2900 more (total 5800) to get 10k points.. cost of that 10k points is 2900 and not 5800 as 2900 anyways you have to pay to keep the card..

 

[BucksBunny88888888]

Fees is 2900 and not 5800 as they anyways giving 50% off on fees without any conditions..

Yes that's true but what I am getting for paying only 2900 Fee.

 

[BucksBunny88888888]

Paying 10k points is worst option of all in my view.. either pay 2900 as fees or pay 2900 more (total 5800) to get 10k points.. cost of that 10k points is 2900 and not 5800 as 2900 anyways you have to pay to keep the card..

Yes, makes sense. What about paying fee with 10000 points and buying those points back for 4000?

 

[CVR]

2900 Rupees going out of my pocket and no reward points against it, its pure loss. By paying money 4000 I will get 10000 points which will cover 5900 Rupees fees and my 10000 points stay with me.

You will net pay 4000 for keeping the card against 2900 in case of 50% off on fees offer.. net net you are losing money

 

[BucksBunny88888888]

You will net pay 4000 for keeping the card against 2900 in case of 50% off on fees offer.. net net you are losing money

Yeah but its good card to keep. It gives access to some of premium lounge and 4 lakh milestone is good one.