Need Suggestion on Amex Plat Travel Retention Options

[Lucifer311]

My Amex Plat Travel is due for renewal next month, called customer care to close the card because I don't want to pay the renewal fee of 5000+GST.
They offered 3 options as below to retain my card account-

1. They will reduce the fee by 50 %, i need to pay 2500+GST for renew
2. They will waive the renewal fee after deducting 10000 MR points
3. I need to spend 1.5L in next 90 days & they will revert the fees i paid along with GST. I will be getting regular rewards & milestone benefit as well on that spend.

The last option I feel is better, but need suggestion from you guys.

 

[Ram1]

If we take 3rd option, does 1.5L spends waives off this year fee and counts into next year 4L??
@SSV

Hi Everyone,

My Amex Platinum Travel card annual fee would be posted this month (in Nov), so I called up customer care to review my annual fee options. Customer care gave me 3 options to pick from:
1) Reduced annual fee of 2250 + GST
2) Annual Fee waive off against redemption of 10k reward points
3) Spend 1.5 L in 90 days and get annual fee refunded in 30 days to achieving the spends.

I took the 3rd option, going to spend 1.5 L, mostly on NPS for me and my family members. Also, cherry on top I will be able to hit 1.5 L milestone bonus too.

 

[helloworld]

Customer care gave me 3 options to pick from:
1) Reduced annual fee of 2250 + GST
2) Annual Fee waive off against redemption of 10k reward points
3) Spend 1.5 L in 90 days and get annual fee refunded in 30 days to achieving the spends.

What to choose?

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

• 

same options..

 

[helloworld]

If we take 3rd option, does 1.5L spends waives off this year fee and counts into next year 4L??
@SSV

yes . . double benefit

 

[Ram1]

yes . . double benefit

W o w

 

[Ram1]

Any hack to spend 1.5L with amex in 90days @Abhishek012?

 

[helloworld]

Any hack to spend 1.5L with amex in 90days @Abhishek012?

IMO .. at 3% wallet charges (somehow you managed to transfer to your account), Did you know..

In order to avoid 5900/- fee, you're paying 4500/- (better to choose remaining two options) somewhere.

 

[Ram1]

IMO .. at 3% wallet charges (somehow you managed to transfer to your account), Did you know..

In order to avoid 5900/- fee, you're paying 4500/- (better to choose remaining two options) somewhere.

This was my thought actually, 2nd option seemed better for me, loosing 10k points.

But u mentioned it counts in next year 4L,then it makes 3rd option special imo.

If i manage to spend in big 90days time, i can hit 2 birds with 1shot.

Also there are festivals lining up christmas, new year, Pongal, if they can give any spend based voucher offer. 3 birds lol😊😊

 

[Abhishek012]

Any hack to spend 1.5L with amex in 90days @Abhishek012?

Close your Amex card and live your life peacefully.

 

[Ram1]

Close your Amex card and live your life peacefully.

Life gets bored bhai, life me aisa challenges hona hai😂😂

 

[DaDarkkNight]

Life gets bored bhai, life me aisa challenges hona hai😂😂

He means purchasing amazonpay vouchers through gyftr is not worth it at all, so better close it for peace. But wallet load option still seems lucrative IMO

 

[Ram1]

He means purchasing amazonpay vouchers through gyftr is not worth it at all, so better close it for peace. But wallet load option still seems lucrative IMO

Who knows 3 months is a big time, he might bring some jugad too

 

[DaDarkkNight]

Who knows 3 months is a big time, he might bring some jugad too

This 250 thing prompted me to not renew but close it eventually. Amex milestones cards zindabad, amex reserve or platinum next

 

[_ayush]

Are emi spends counted towards fee waiver?

 

[Ram1]

Are emi spends counted towards fee waiver?

N o .

 

[drabhishekladdha]

Any hack to spend 1.5L with amex in 90days @Abhishek012?

Pay advance tax via BOB

 

[Ram1]

Pay advance tax via BOB

I don't have tax payment

 

[ujjwal2024]

If you have some genuine spends to be made in the next 3 months, then I think 3rd option is the best...
Otherwise 2nd option...

 

[vaibhav111vaibhav111 is verified member.]

alright for me gold is up on 15th Jan and Plantium on 19th Jan 2025, so Amex Gold was always one year cc for me paying half of fees + taxes when i have MRCC for another year ,completed 1.5L on mrcc once again so Cancel Gold for sure, so amex want me to call after 15th for gold cause for both fees will be charged in Feb with 30 days in hand after renewal i can call and discuss retention. so will update what option are given and what option i would go with.

 

[denisjos]

1. Do you folks transfer out the MR points before calling for card closure/retention discussion
2. Does the discussion work every year

 

[SSV]

1. Do you folks transfer out the MR points before calling for card closure/retention discussion
2. Does the discussion work every year

1) it is not for card closure, it is asking for renewal benefits offers , no need to redeem MR points before the call..
2) yes , as of now it works every year basis your spends for the last year