Amex Plat Travel renewal fee waiver. Is it ok to accept?

[neogen]

My Amex plat travel is up for renewal. On contacting Amex, they are offering 50% fee waiver.

Do you think its ok to accept this 50% renewal fee waiver offer?

 

[Mars_rover]

When did you approach them ?
Before renewal date
Or after renewal aate?

My renewal is coming gnup in next 3 to 4 weeks.
I will also have a go and ask them and update here

Yesterday marked one year complete for my card, new statement starts today and I have one month for my decision

 

[SSV]

Yesterday marked one year complete for my card, new statement starts today and I have one month for my decision

Okay good to know..
Can I approach them before renewal date?

 

[Mars_rover]

It's a good card to keep at 3k (50%). Spend 2.5lac after renewal and you will get 15k MR. Personally I won't spend anything more than 4L on this card in an year,so would prefer 50% always. Buying 10K MR costs Rs. 4k which is higher than 50%

Isn’t transferring money through rent payment for 2.5l good enough rather than taking 50% offer?
Also how can I make them lessen the 2.5 lac amount, they aren’t ready to negotiate

 

[Mars_rover]

Okay good to know..
Can I approach them before renewal date?

As soon as your membership year completes, you can approach them

 

[vinrey287]

Okay good to know..
Can I approach them before renewal date?

Yes you can ask before renewal also.. they will update it in their system.. call after getting charged and ask them to apply charges according to previous conversation..

 

[vinrey287]

Isn’t transferring money through rent payment for 2.5l good enough rather than taking 50% offer?
Also how can I make them lessen the 2.5 lac amount, they aren’t ready to negotiate

If you have other good cards then spending more than 4L doesn't make sense .. how much is the charge for rent payment?

 

[SSV]

Yes you can ask before renewal also.. they will update it in their system.. call after getting charged and ask them to apply charges according to previous conversation..

thanks for the info

 

[Mars_rover]

If you have other good cards then spending more than 4L doesn't make sense .. how much is the charge for rent payment?

Ig 1.5% on Housing.com

 

[vinrey287]

Ig 1.5% on Housing.com

So u end up paying 3750 as charge. Instead pay the 50% fee now.. do the 2.5L transaction after renewal and you will be half way through milestone of PT. Again, it depends on your other cards. Pls take decision based on usage and spend targets

 

[sourpai]

I am assuming there is GST on top of 1.5%. So it will be more.

 

[sourpai]

I think you don't have to worry about approaching before or after fees is charged with Amex.

I have always approached them once fees is charged and statement is generated. They have always reversed it depending on the offer I took

 

[dungeonMaster]

not yet. but can copy-paste the same code. 🙂

I wish it was that easy 🥲

 

[Deleted member 28936]

Good conversation. I think there should be a summary thread on first page too about what are the key takeaways from a discussion. Its hard to follow threads when you can have the same doubt.

 

[helloworld]

Good conversation. I think there should be a summary thread on first page too about what are the key takeaways from a discussion. Its hard to follow threads when you can have the same doubt.

Thread 'What's your gold charge retention offer?' https://www.technofino.in/community/threads/whats-your-gold-charge-retention-offer.14690/

Just adjust the annual fee, offers same.

 

[Buttman]

Called them again and this time I was offered 50% waiver or 10K points for full fee. Went for the 10K points.

Might sound like a dumb question but when we opt for the 50% fees offer, do we get 10k points for it? Or 5k points? Or nothing?

 

[helloworld]

Might sound like a dumb question but when we opt for the 50% fees offer, do we get 10k points for it? Or 5k points? Or nothing?

one of three..

- pay full get points
- pay half
- spend and get fee waived

Thread 'Breaking Down AMEX Retention Offers: Are They Worth It?'

Jul 3, 2023

Many of us face a tough decision when the annual fee comes around, but understanding the available retention offers can help you make a more informed choice.

Would like to share some insights into American Express Gold Charge Card retention offers and how they affect your net rewards after considering the card’s annual fee.

Normal reward rate:

18k/24k Collection
Welcome Gift (Spend 5k in 90days)	4000 MR	-
Referral Benefit (Spend 5k in 90days)	2000 MR	-

...

• helloworld
• Replies: 109
• Forum: American Express

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