• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

Amex Gold Charge Retention Offer March 2025 - Discussion

sjmajumder

sjmajumder

TF Legend
RBIO King
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.
 
Apply For LTF AU LIT Credit Card
Sort by date Sort by votes
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.
 
Upvote 0 Downvote
sjmajumder said:
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.
Click to expand...
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???
 
Upvote 0 Downvote
sjmajumder said:
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.
Click to expand...
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.
 
Upvote 0 Downvote
drsel said:
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???
Click to expand...
can you list out card which give more than 9.6 % return ?
 
Apply For LTF HDFC Swiggy Credit Card
Upvote 0 Downvote
sjmajumder said:
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.
Click to expand...
I too received same offers and I chose 1lakh spend and got the full fee waiver yesterday. My retention offer was given on 9th Feb.
If you don't want to spend 1lakh then 50% is decent enough fee. I main use th gc for milestone and fuel in hp.
 
Upvote 0 Downvote
sjmajumder said:
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.
Click to expand...
I just called back and took offer 2.

Requested for extension to 120 days but was told it is not possible at the moment, however if I am unable to meet the target in 90 days, I can call again before 90 days are over and request for the same - no assurance but may work.

Got a mail stating: SAC Promise To Spend (P2S) Offer
 
Upvote 0 Downvote
You must log in or register to reply here.

Similar threads

great
  • Question Question
Amex Gold Charge Retention
Replies
10
Views
476
great
great
Heisenberg37
  • Question Question
Amex Platinum Charge retention offer
Replies
61
Views
7K
Ankur dhanda
Ankur dhanda
sjmajumder
  • Question Question
Amex Gold Charge Card annual renewal fee waiver
Replies
50
Views
5K
jk51
J
bhavyegoel
  • Article Article
AMEX Gold Charge Card Review
Replies
3
Views
4K
sadathh44
sadathh44
Back
Top