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Need Suggestion on Amex Plat Travel Retention Options

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Lucifer311

TF Buzz
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.
 
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Thanks for the thread. Had renewal in October and paid it without asking for any retention benefit. Today called after reading this thread and they offered two options - fees reduction by 50% or additional 10K points. Went with the first option.
 
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Lucifer311 said:
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.
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Agree , i took the last option , paid my advance tax with it ( got my biz black few weeks later ), got milestone rewards and fee with GST back ( just messge via chatbook and they will redfund fee and GST )
 
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denisjos said:
A curious question, has any plat charge holder tried negotiating retention offers
Click to expand...

As Plat Charge is more of a lifestyle card than a value card, the options are very limited.

Depending on your expenses in the year, they might stretch a little bit for you but don't expect anything too crazy.
 
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I got three options:
1) 50% off on annual fee
2) pay annual fee and get 10000 points
3) deduct 10000 points as annual fee

Unfortunate there is no fee waiver. I am thinking of cancelling the card as gyftr attracts 1% extra on AGV from next month and limitations on AGV purchase.

Please suggest.
 
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I got three options:
1) 50% off on annual fee
2) pay annual fee and get 10000 points
3) deduct 10000 points as annual fee

Unfortunate there is no fee waiver. I am thinking of cancelling the card as gyftr attracts 1% extra on AGV from next month and limitations on AGV purchase.

Please suggest.
 
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sravanbrahma said:
I got three options:
1) 50% off on annual fee
2) pay annual fee and get 10000 points
3) deduct 10000 points as annual fee

Unfortunate there is no fee waiver. I am thinking of cancelling the card as gyftr attracts 1% extra on AGV from next month and limitations on AGV purchase.

Please suggest.
Click to expand...
Isn't 3rd option better? 10k points for 5900 fee. More 0.59 value per point.
If u can't spend 4L in a year, go for mrcc
 
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Ram1 said:
Isn't 3rd option better? 10k points for 5900 fee. More 0.59 value per point.
If u can't spend 4L in a year, go for mrcc
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I have MRCC (maxing out by NPS and AGV reaching fee waiver criteria) and Infinia as my go to. Hence I am thinking should I keep this or not.(which I generally use for jewellery purchase and insurance (AGV route).. Now AGV is charging 2% extra for insurance .. so its blocked and beginning to question this in my cards list.

My spends can be 8-15 L per year in total.
 
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sravanbrahma said:
I got three options:
1) 50% off on annual fee
2) pay annual fee and get 10000 points
3) deduct 10000 points as annual fee

Unfortunate there is no fee waiver. I am thinking of cancelling the card as gyftr attracts 1% extra on AGV from next month and limitations on AGV purchase.

Please suggest.
Click to expand...

helloworld

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

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-
Regular Reward...
  • Like

: )
 
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sravanbrahma said:
I got three options:
1) 50% off on annual fee
2) pay annual fee and get 10000 points
3) deduct 10000 points as annual fee

Unfortunate there is no fee waiver. I am thinking of cancelling the card as gyftr attracts 1% extra on AGV from next month and limitations on AGV purchase.

Please suggest.
Click to expand...
I was considering the same however have decided otherwise. Even if you carry on with AGV with charges for the gold charge spends of 72,000/- annually with the first option you get 4.39% to 11.32% with the lowest yielding option of 0.33p for Amazon/Flipkart voucher to 0.59p for Taj voucher. I am not even going into Mariott redemptions which definitely yields the highest if redeemed properly. Not a bad option to carry on with considering there are many offers and vouchers (such as Swiggy One/Zomato Gold) are sent regularly on Charge cards for longer duration memberships. Also depends upon what existing cards you are holding onto.
 
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sravanbrahma said:
This is a simplest explanation. For this year i will go with option 2. though I am not fully confident I can make 4L per year considering I recently got infinia.
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Do you really have use of extra 10K MR points if you are not planning to use Amex card in future? Marriott stays usually requires sizeable MR points. Option 3 is better in my opinion as it prevents immediate cashflow and values each MR point at 0.59
 
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sourpai said:
Do you really have use of extra 10K MR points if you are not planning to use Amex card in future? Marriott stays usually requires sizeable MR points. Option 3 is better in my opinion as it prevents immediate cashflow and values each MR point at 0.59
Click to expand...
Anyways they don't expire so I will definitely use in next 2-3 years for some hotel.
 
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