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Amex annual waiver will be cancelled if transaction get's refund??W
- Thread starter Sobirvs
- Start date
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- Tags
- amex transaction
Sobirvs
TF Premier
just ask them. They gave me 2 options. Waiving off half of the annual fee or I spend 1L within 3 months and they give me full waiver.
how much was your soend?
Sobirvs
TF Premier
did u push for full waiver? Make some excuse like mom got hospitalized so can't afford etc and ask full waiver and u won't go for any other option, then probably they will give u the spend based offr.
Sobirvs
TF Premier
i knw u didn't ask me but mentioning anyways if it helps someone, my spend on gold charge was only and only the 6x trxns for rp's per month and one insurance spend (silly me i shdn't have used that card for insurance spend) of 40k, max 1L total I spent on gold charge and then later once I got the spend offr, i spent 1.5L on it.
interesting so no idea on this but in jan 2025 both plantium travel and gold are up for renewal so was eyeing for 1L spend in 90 days it won't get reversed though cause i would buying some electronic not yet made up mind so technically you would just need to wait and watch if amount does get refunded you need to call amex and ask for extension so you could spend 1L in next 30-90days it depend on your amex relationship bascially.
OP is basically asking for user experience cause it would help him too.
so i too have followed same strategy of 6k spend through amex reward multiplier also did 40k tranx cause both gold and plantium travel last 4 digit are same so wasted opportunity so close to 80k spend on gold didn't completed 6k spend every month cause i have mrcc too so i don't want to keep gold though so amex offered you 1.5L for full fees wavier.
drsel
TF Prestige
If this works, then everyone can avoid paying renewal fees every year
drsel
TF Prestige
In this thread, Amex will refund the renewal fee only after 30 days so they will wait and see if the 1--1.5 lac spend is reversed or refunded
Sobirvs
TF Premier
I actually have a LTF MRCC too complimentary with gold charge. I spent 6k/month on it too in 4trxns but amex doesn't count that amount for annual waiver (which isn't their policy anywyas as gold charge has no criteria for waiver).
and the problem being?
Are you just sour that you didn't play it smart and paid the annual fee and now coming on other people's thread to spam even though told not to and being ignored multiple times?
In this thread, Amex will refund the renewal fee only after 30 days so they will wait and see if the 1--1.5 lac spend is reversed or refunded
Again with assumptions here. I did the trxn 15 days before (won't tell the exact date as I told want someone to tell amex abt this, some sour people can do this bs) I got the annual fee waivered within 1 day of asking. I called amex 1 day after my bill generation a week back and they gave me waiver right away in 1 day.
Annual fee was charged anyways 1 week back when my statement generated. I talked to amex last month abt this waiver as I knew this billing statement i will be charged. So stop making assumptions abt "1 month" etc.
Yep I am thinking the same that it won't be reversed. I actually talked to my brother who handles a business and he accepts amex from his card machine and he says amex takes MDR and let's say if there is a trxn refunded, amex still keeps that MDR, businesses don't get the mdr back if the amount is refunded. My brother said this is called "cost of doing business".
I myself have a business outside India and I too take visa/mc/amex/discover and trxns if refunded mdr isn't refunded to the business. Only when the trxn is "voided" then mdr doesn't apply. But refunds don't. So My concern abt annual fee waiver should be fine as amex made money on the trxn I did even if it get's refunded, amex doesn't care.
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