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.

 

[jk51]

Sorry for hijacking the thread but I would like to inform

I got 5k bonus points on my gold card (1st renewal). The 100% fee is waived off due to spend based offer.

Fee waived off on 2 or 3rd week of Jan.

Bonus points credited on 2nd April

So it took around 70 days for the same

 

[sjmajumder]

Wouldn’t that incur charges of at least 2K net of rewards obtained from wallet load for the said amount?

It will cost Rs 3127 to load mobikwik wallet with 1L

 

[jk51]

It will cost Rs 3127 to load mobikwik wallet with 1L

Upon 1,00,000/- wallet load 2,063 MR points shall be credited. Valuing them conservatively @0.33p per MR points make its 680.

Applying century coupon code @15k wallet load yields 50 cashback.

Hence 6*15k wallet loads = 300/-
Plus Milestone Bonus @1,000 MR points shall= 330/-

Total 3127-680-300-330=1,817/-

It’s 1.81% approx.

 

[gg123]

So it took around 70 days for the same

yes. I had assumed there won;t be any renewal bonus due to fee waiver.
Not much info was present in the community when I last checked

 

[jk51]

yes. I had assumed there won;t be any renewal bonus due to fee waiver.
Not much info was present in the community when I last checked

I am right now in between of my spends offers. If this is the timeline then shall get to know about it in the month of June.

 

[Alex292929]

How much time before renewal date we should reach out to them for retention offers?

 

[sjmajumder]

Upon 1,00,000/- wallet load 2,063 MR points shall be credited. Valuing them conservatively @0.33p per MR points make its 680.

Applying century coupon code @15k wallet load yields 50 cashback.

Hence 6*15k wallet loads = 300/-
Plus Milestone Bonus @1,000 MR points shall= 330/-

Total 3127-680-300-330=1,817/-

It’s 1.81% approx.

I would rather buy Amazon GV from Reward Multiplier and use it for insurance payment at a later date.
I will also get 1500 Amazon GV for the spend offer. I have to complete 50K by 5th April for that.

 

[FinanceBaBa]

Called Amex..
They only gave only one offer "spend 1L in 90 days".. So closed the card.. As only usage on the card was 6k on Multiplier monthly.. And now with the charges and small denomination of apay.. It wasn't worth the time with full fees..

If needed will apply again after few months..

 

[Riya]

I've a question...

Would we get 5000 reward points on first year renewal even after getting retention offer from AMEX??

 

[FinanceBaBa]

I've a question...

Would we get 5000 reward points on first year renewal even after getting retention offer from AMEX??

No.. I confirmed on same.. They said given fees will be reversed so no renewal benefit..

 

[gg123]

I've a question...

Would we get 5000 reward points on first year renewal even after getting retention offer from AMEX??

No.. I confirmed on same.. They said given fees will be reversed so no renewal benefit..

Guys,

I got the points

Post in thread 'Amex Gold Charge Retention Offer March 2025 - Discussion'

Yesterday at 2:37 PM

Sorry for hijacking the thread but I would like to inform

I got 5k bonus points on my gold card (1st renewal). The 100% fee is waived off due to spend based offer.

Fee waived off on 2 or 3rd week of Jan.

Bonus points credited on 2nd April

• gg123

• 

 

[Riya]

Guys,

I got the points

Post in thread 'Amex Gold Charge Retention Offer March 2025 - Discussion'

Yesterday at 2:37 PM

Sorry for hijacking the thread but I would like to inform

I got 5k bonus points on my gold card (1st renewal). The 100% fee is waived off due to spend based offer.

Fee waived off on 2 or 3rd week of Jan.

Bonus points credited on 2nd April

• gg123

• 

can we quote your name to AMEX just in case they don't credit the points... 😎

 

[gg123]

can we quote your name to AMEX just in case they don't credit the points... 😎

Hope they won't claw back my points xD

 

[ALOAK]

Wouldn’t that incur charges of at least 2K net of rewards obtained from wallet load for the said amount?

Of course you would get charged but dep3nds how fast tou want to complete it if not u can use it else where like 5 star hotels or malls where they accept cards also on fuels all I said was if u can't find sp3nds wise where u xan do wallet fill too