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Amex Gold Charge Retention Offer March 2025 - Discussion

great

great

TF Premier
Hi

My gold charge card completed one year and been charged 4500 + tax charges as annual charges
Usage - only 6kx1 in last one year
Points around 65k

I call cc and ask for retention offer

Option Given
1) Pay Half Charges and other charges waived
2) Spend 1 Lac in next 90 days
3) Close the Card (need suggestion to use points)
4) Apply for new card (option ruled out due to no new applications)

Pls suggest
 
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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 ?
 
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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.
 
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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
 
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sjmajumder said:
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
Click to expand...
It's better to pay 50%
this card is only good for 1000 x 6 times every month American Express rewards multiplier site
 
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Amex plays cleverly here when it comes to giving retention offers on gold and platinum travel

Last Year, during my gold card renewal, I was given spend based (1.5L) retention offer for gold charge, or pay 50% fee. They were ready to negotiate on spend criteria for it (down to 1L). However I chose to close the card and retook the same after a few months.

For platinum travel cc, they were giving all other retention offers but not the spend based full waiver. Denied even after multiple requests. Finally when I called after a few days to close the card, they immediately offered spend based fee waiver (1.5L in 90 days) on my platinum travel card. This is recently in March this year
 
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sjmajumder said:
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
Click to expand...
Yes you would get the email once they promise you. If you want to complete it use mobikwik wallet
 
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I
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...
Also got same offers and while bargaining just like you when they didn't budged even a little, I went for option 1 since I like Gold card's return ratio
 
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Riya said:
I

Also got same offers and while bargaining just like you when they didn't budged even a little, I went for option 1 since I like Gold card's return ratio
Click to expand...
Same in my case I got only 2 offers
2.5L in 60 days or 50% fee waiver

I tried negotiating the spend offer they said the system doesn't allow. I initially took 2.5L in 60days as I have a big spend coming up (1.8L). The merchant did not accept it and I had called them again to re negotiate the offers.

Finally caved in for 50% off.
 
Upvote 0 Downvote
gg123 said:
Same in my case I got only 2 offers
2.5L in 60 days or 50% fee waiver

I tried negotiating the spend offer they said the system doesn't allow. I initially took 2.5L in 60days as I have a big spend coming up (1.8L). The merchant did not accept it and I had called them again to re negotiate the offers.

Finally caved in for 50% off.
Click to expand...
Whooaaa... 2.5L spend for 5.5k fee waiver is a big thing to ask... Almost 2% returns
 
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