What can be done, as Amex is cancelling my cards

[Heisenberg37]

Hi guys
As in previous post i shared my experience of horrible FR.
Now that they are cancelling my cards is there anything i can do to convince them to keep them.

And for example they cancelled my cards when can I reapply again?

 

[D₹V]

Hi guys
As in previous post i shared my experience of horrible FR.
Now that they are cancelling my cards is there anything i can do to convince them to keep them.

And for example they cancelled my cards when can I reapply again?

Let her go.

 

[drsel]

Absolutely agreed, you can live happily without any American express Card.
There are many better cards

 

[drsel]

I had MRCC which I used for 4 years then I got fed up of adding 1500 x 4 times every month to my Amazon pay.
it was so troublesome!

in addition to that I had to pay the annual fee of 885, which is at 50% discount.
They simply refused to waive off the annual fee or refund it!

So I purposely and purposefully closed it forever!!
Even though I was getting 16.66% more than all the current MRCC card holders (I was getting 7000 Amazon pay instead of 6000, for 18k points)

 

[telescope]

Hi guys
As in previous post i shared my experience of horrible FR.
Now that they are cancelling my cards is there anything i can do to convince them to keep them.

And for example they cancelled my cards when can I reapply again?

there are many other cards with better value and acceptance than this, so don't be sad over it. ames is sh*t.

 

[telescope]

I never plan to apply for american express in my life, it's not some must have cc.

 

[dungeonMaster]

I had MRCC which I used for 4 years then I got fed up of adding 1500 x 4 times every month to my Amazon pay.
it was so troublesome!

in addition to that I had to pay the annual fee of 1770 which is at 50% discount.
They simply refused to waive off the annual fee or refund it!

So I purposely and purposefully closed it forever!!

How the fee is 50%?

 

[drsel]

How the fee is 50%?

I had to phone and request nicely to waive off the renewal fees, but they reduced it by only 50% every year.

 

[dungeonMaster]

I have to phone and request nicely and they reduced it by 50% every year.
But I always asked for 100% reduction

Was the fee 3500 for you?

 

[drsel]

Was the fee 3500 for you?

You're joking right ?
it's not even worth paying 885, that's why I closed it purposely and purposefully

 

[SpiesCan'tCatchMe]

I had to phone and request nicely to waive off the renewal fees, but they reduced it by only 50% every year.

If we pay the fees let's say full fee and let's say half fees like you
And if we do 1500*4 per month
What is the net gain after deducting the fees part
Is it profitable considering this mrcc has no other benefits like lounge or anything

 

[drsel]

Sorry the full fee is 1770 and I was paying 885 every year for 4 years

 

[dungeonMaster]

I had MRCC which I used for 4 years then I got fed up of adding 1500 x 4 times every month to my Amazon pay.
it was so troublesome!

in addition to that I had to pay the annual fee of 885, which is at 50% discount.
They simply refused to waive off the annual fee or refund it!

So I purposely and purposefully closed it forever!!

Got it now..
Btw It's fine for me I do nps payment with MRCC which I am gonna do anyways..

 

[plastikman]

How the fee is 50%?

On spending 90k and above in the current year, your renewal charges are waived off by 50% i.e. 750+gst. If you can spend 150000 in the current year then entire fees is waived off for MRCC.

 

[drsel]

If we pay the fees let's say full fee and let's say half fees like you
And if we do 1500*4 per month
What is the net gain after deducting the fees part
Is it profitable considering this mrcc has no other benefits like lounge or anything

If you pay the renewal fee of 1770, the return goes down to 4.43%.
12 x 1240 points on 12 x (4 x 1500) spend to buy 12 x 6000 Amazon pay on Amex Gyftr 2x

If you pay the renewal fee of 885 (at 50% discount), the return goes down to 5.66%
12 x 1240 points on 12 x (4 x 1500) spend to buy 12 x 6000 Amazon pay on Amex Gyftr 2x

 

[drsel]

On spending 90k and above in the current year, your renewal charges are waived off by 50% i.e. 750+gst. If you can spend 150000 in the current year then entire fees is waived off for MRCC.

I know all this but I was spending only 6000 a month or 72000 per year

 

[dungeonMaster]

If we pay the fees let's say full fee and let's say half fees like you
And if we do 1500*4 per month
What is the net gain after deducting the fees part
Is it profitable considering this mrcc has no other benefits like lounge or anything

Depends on how can extract value out of it..
If you combine this with plat travel you can, both points will combine and you can buy vouchers from gold collection which is not available in plat travel.
Also if marriot bonus is available you can transfer to marriot..

 

[plastikman]

If we pay the fees let's say full fee and let's say half fees like you
And if we do 1500*4 per month
What is the net gain after deducting the fees part
Is it profitable considering this mrcc has no other benefits like lounge or anything

You can spend 20k in some months i.e. 1500x4 + 14k and gain 1280 points additionally for that month. Except utility everything is included.

 

[SpiesCan'tCatchMe]

You can spend 20k in some months i.e. 1500x4 + 14k and gain 1280 points additionally for that month. Except utility everything is included.

Im a noob in airmiles and hotel stuff
I can do any amount of transaction per month I have pos machine so that's not a problem but the net return and the redemption options I'll have to study

 

[Riya]

I had MRCC which I used for 4 years then I got fed up of adding 1500 x 4 times every month to my Amazon pay.
it was so troublesome!

in addition to that I had to pay the annual fee of 885, which is at 50% discount.
They simply refused to waive off the annual fee or refund it!

So I purposely and purposefully closed it forever!!

Isn't the returns after annual fee still north of 5%
How's that a bad card in any case??