Amex Gold Charge Retention Offer March 2025 - Discussion

[sjmajumder]

Dear Friends,

I just called Amex to request a reversal of the annual fees on my Gold Charge Card and I was given the following options:

1. 50% waiver of the fees, i.e. reversal of Rs. 2655
2. Spend 1L in 90 days.

On option 2, I tried to bargain on the amount. When I didn't succeed on that tried to bargain on the duration. That didn't work either. Finally I asked do I have to pay the fees if I cancel the card? The answer was if I please the cancellation request before the due date the complete charges will be reversed and card will be cancelled.

I didn't opt for anything at the moment. I'll have to call back before the due date and let them know which option I have decided to go with.

Do you think I can get a better offer if I say that I am going with cancellation? I have MRCC too - spend target met.

 

[_ayush]

In my case with plat travel, they said if you are not able to complete 1.5L spends in 90 days, you can call for an extension. They would be able to provide an extension of upto 20 days.
Also if you opt for spend based waiver, you have an option to switch to half fee offer in case you think you won't be able to meet the spends. You just have to call before 90 days are over and tell them you want to switch to half fees waiver.
Before proceeding, confirm these things with CC as they will note down what all offers you were offered. So in case you want to change something later on, they'll refer to those notes and make changes.

 

[vishalgupta2]

I don't think they will budge.

 

[drsel]

Dear Friends,

I just called Amex to request a reversal of the annual fees on my Gold Charge Card and I was given the following options:

1. 50% waiver of the fees, i.e. reversal of Rs. 2655
2. Spend 1L in 90 days.

On option 2, I tried to bargain on the amount. When I didn't succeed on that tried to bargain on the duration. That didn't work either. Finally I asked do I have to pay the fees if I cancel the card? The answer was if I please the cancellation request before the due date the complete charges will be reversed and card will be cancelled.

I didn't opt for anything at the moment. I'll have to call back before the due date and let them know which option I have decided to go with.

Do you think I can get a better offer if I say that I am going with cancellation? I have MRCC too - spend target met.

Do the maths
Spend 6 x 1000 x 12 months on Amex Reward multiplier website
So 72000 spend gets 1600 x 12=19200 points, worth 9600 @50p
9600-2655=6945, which is 9.64% return on 72000 spend.

There are cards giving higher returns, but do you have those???

 

[drsel]

I don't think they will budge.

American Express customer care has fixed instructions , so they cannot change your offer

 

[gg123]

American Express customer care has fixed instructions , so they cannot change your offer

they have changed mine. I have opted for 2.5L in 60 days but couldn't spend due to merchant not accepting amex

They changed my offer to 50% off

 

[drsel]

they have changed mine. I have opted for 2.5L in 60 days but couldn't spend due to merchant not accepting amex

They changed my offer to 50% off

This 50% discount is not a new offer, it's always available to everyone as an option

 

[sjmajumder]

Do the maths
Spend 6 x 1000 x 12 months on Amex Reward multiplier website
So 72000 spend gets 1600 x 12=19200 points, worth 9600 @50p
9600-2655=6945, which is 9.64% return on 72000 spend.

There are cards giving higher returns, but do you have those???

How do you get 50p value of RP?

 

[Avatar Aang]

How do you get 50p value of RP?

By selling marriott points

 

[jk51]

Dear Friends,

I just called Amex to request a reversal of the annual fees on my Gold Charge Card and I was given the following options:

1. 50% waiver of the fees, i.e. reversal of Rs. 2655
2. Spend 1L in 90 days.

On option 2, I tried to bargain on the amount. When I didn't succeed on that tried to bargain on the duration. That didn't work either. Finally I asked do I have to pay the fees if I cancel the card? The answer was if I please the cancellation request before the due date the complete charges will be reversed and card will be cancelled.

I didn't opt for anything at the moment. I'll have to call back before the due date and let them know which option I have decided to go with.

Do you think I can get a better offer if I say that I am going with cancellation? I have MRCC too - spend target met.

Was given the same two options. Opted for 2nd since had some spends lined up. At max you can opt for 1st option if you feel spends won’t cross the threshold still worth it to hold the card.

 

[bhavik886151]

Do the maths
Spend 6 x 1000 x 12 months on Amex Reward multiplier website
So 72000 spend gets 1600 x 12=19200 points, worth 9600 @50p
9600-2655=6945, which is 9.64% return on 72000 spend.

There are cards giving higher returns, but do you have those???

can you list out card which give more than 9.6 % return ?

 

[drsel]

can you list out card which give more than 9.6 % return ?

Search on the top right for my article on top 10 cards for 2025, many giving more than 10% return