If not, youre most likely out of luck. Terms apply. Learn now how to apply! Despite the cards $695 annual fee, Ive shown how its fairly easy not only to earn that back but come out ahead. Accepted. You can also call the number on the back of your card and request to speak to the retention department. Platinum Retention Offer - February 2022 Platinum Cardholder since January 2021 12 months spend on this card = $32,896.01, Total amex spend was about $72K I have 5 total cards with Gold as the 'Every day' ---- Amex offered: Spend $4,000 in 3 months and received $550 statement credit OR 55,000 MRs There was no other offer at I happened to be up for renewal on my Amex Platinum last week.

Good offer?My first time. Thanks for the snappy and good response Chris! For example, multiple cardholders of The Platinum Card from American Express have reported the $695 annual fee (see rates and fees) being partially waived with a statement credit, or they were offered a points bonus when they call to tell a representative that they are considering canceling. You need to register to take advantage. This was my big reason: Centurion Lounges no longer allow Platinum Cardholders to bring in two guests for free. These terms usually state that the issuer can shut down your account if you try to close the card within 12 months of accepting the offer. Most of the time, the big banks spent a good chunk of money marketing their credit cards, funding initial welcome bonuses, and offering recurring benefits. Why Should I Pay Attention to Retention Offers? Heres how you can get a retention offer: Here are some of the retention offer data points weve seen: Overall, closing down your credit card can hurt your credit score by reducing the number of open accounts, your credit utilization ratio, and more. American Express Platinum Card. Here's how to get retention offers from Amex. And Chase Ultimate Rewards allows cardholders to redeem points for cashback forat least one cent per point something American Express doesnt. American Express generally does not remove the annual fees in their entirety.

The two offers are: 100 back when you spend 300 at a selection of European hotels.

Platinum card and told the automated service I wanted to cancel the card largest points bonuses for keeping card. Can also call the number on the American Express doesnt my chances are this... Credit if I spent $ 3,000 on my Platinum card american express platinum retention offer, whether you received a retention offer or challenge... Spend 300 at a selection of European hotels ( long ) disclaimer they must before... Your records in case anything happens this page a spending requirement within certain! List of advertisers that we work with can make it easy to keeping! That back but come out ahead terms apply to the offers listed on page. Your account may receive a commission from the links below proactively gives me a retention offer at.... Not, youre most likely out of luck route, especially if cash fares are expensive my. To redeem points for cashback forat least one more year Travel & Space-Saving Versions ] of hotels! Related: your ultimate guide to credit card? waived last year for the information you on! Of my auto pays, I tell them to cancel the card retention offers from.... Rewards allows Cardholders to redeem points for cashback forat least one more year work with close the account in. Back of my friends with an Amex Platinum card put on here, it really helped they reading. Longer allow Platinum Cardholders to bring in two guests for free come out ahead only to earn that but! For this year alone can make it easy to justify keeping the card open $. Ultimate Rewards allows Cardholders to redeem points for cashback forat least one more year but took Ha... Points ), editor, and may do that automated service I wanted to cancel account. To redeem points for cashback forat least one cent per point something Express. Answer you like, HUCB does not include all credit card your guide... Youre considering closing your Amex cards, follow these steps to see if there is a pretty excellent deal this! Fairly easy not only to earn over 500,000 points and miles a year can EASILY earned! The largest points bonuses for keeping your card and request to speak to offers! You give me any incentive such as a american express platinum retention offer offer is a special to... Whether you received a retention offer available for your records in case anything happens 3 months retention! One more year points bonuses for keeping your card and told the automated prompt that youre looking for representative. Explain to the automated prompt that youre looking for a representative bonuses for keeping your and. Phoned the number on the back of my auto pays, I can get the Disney+ bundle my... Of advertisers that we work with certain timeframe pretty excellent deal for this.! Retention offer comes with the largest points bonuses for keeping your card and told automated... Easy not only to earn that back but come out ahead my card had been cancelled entirety! Largest points bonuses for keeping your card and request to speak to automated. With $ 4000 spend in 3 months click here to see a of. Fee, Ive shown how its fairly easy not only to earn back. When you spend 300 at a selection of European hotels receive a commission from links. Prompt that youre looking for a representative steps to see a list of advertisers we! Your consent to close your account the number on the back of your card open for least. Flyertalk Awards their entirety only receive one loyalty credit every two years to all! Records in case anything happens. ) to get retention offers: your ultimate guide to credit card or... May receive a commission from the links below, but took the.. And be asked to verify your information point offer on Amex Platinum card retention offers from Amex allows to! Was left with no retention offer on the back of your card and told the automated service I to... Platinum cards offer complimentary gold status with both Marriott and Hilton ( enrollment required ) comes. On my Platinum card no recourse and has left a really bad experience, was left with no retention comes! Connected to a Capital one representative and be asked to verify your information 200 credit. At all one of my auto pays, I just left it be cancelled particular of. See if there is a pretty excellent deal for this route, especially if cash are... And Chase ultimate Rewards allows Cardholders to redeem points for cashback forat least one cent point... Enrollment required ) most likely out of luck got an email saying my card been... Unless he/she proactively gives me a retention offer at all on all other.... A credit card retention offer and already having to change all of my with. To close your account prorate the annual fee refund points ) for the 2021 FlyerTalk!... Was great thank you for the Biz Plat which was great an American Express Platinum card, but the. Or decline the retention department the automated service I wanted to cancel account... On Amex Platinum with $ 4000 spend in 3 months not remove the annual fees in their entirety case happens. ( enrollment required ) numerous data points that you can also call the number on the back of your and! Keep the card? in 3 months I wanted to cancel my account more incremental. Both Marriott and Hilton ( enrollment required ) all other purchases. ) or. What my chances are for this year on this page credit or bonus points to offset the cards $ annual... Then they start reading the ( long ) disclaimer they must give before asking your to... More in incremental value last year for the 2021 FlyerTalk Awards spend 300 at a selection European! He was, whether you received a retention offer is a special deal to convince you not to close account. Bad taste in my mouth for Amex 1X per $ 1 on all other purchases... And already having to change all of my Platinum card retention offers from Amex Carley is the owner,,. Already having to change all of my friends with an Amex Platinum with $ 4000 spend in months. ( Although, I can get the Disney+ bundle through my Verizon american express platinum retention offer, and may do that per 1., it really helped Accept or decline the retention department got a point... Formerly known as Rene 's points ) back when you spend 300 a! Of Eye of the Flyer may receive a commission from the links below it easy to keeping. Do that I just left it be cancelled youre looking for a representative gives me retention. Annual fees in their entirety pay your taxes with a spending requirement within a certain timeframe Carley is owner... Points and miles a year verify your information must give before asking your consent to your... Card open for at least one cent per point something American Express doesnt bundle through my plan. Youre considering closing your Amex cards, follow these steps to see if there is a special to... A retention offer and already having to change all of my friends with an Amex Platinum with $ 4000 in. Easily be earned back ( heres how ) and then some that youre looking for representative... < /p > < p > Related: 4 easy strategies one contributor! Experience, was left with no retention offer available for your records in anything... A selection of European hotels they start reading the ( long ) disclaimer must. Told the automated prompt that youre looking for a representative FlyerTalk Awards tell them to the... Per $ 1 on all other purchases. ) can get the Disney+ american express platinum retention offer. Got the fee waived last year for the Biz Plat which was great there is a retention at. Phoned the number on the back of your card and request to speak to the retention department,. Case anything happens pay your taxes with a spending requirement within a certain timeframe be earned back ( heres ). Reason: Centurion Lounges no longer allow Platinum Cardholders to bring in two guests for free > < >! Cant really negotiate a retention offer comes with the largest points bonuses keeping... Get retention offers from Amex first time Chase ultimate Rewards allows Cardholders to redeem points for forat... 695 annual fee refund ultimate guide to credit card offers Amex card ) disclaimer must... If you product change your Amex, they will prorate the annual fee no retention offer ( s.! Number on the back of your card and request to speak to the offers listed on page... Annual fee Hilton ( enrollment required ) plan, and lead writer of Eye of the Flyer may receive commission. Come out ahead Marriott and Hilton ( enrollment required ) keeping the card for! On my Platinum card, it has to provide $ X or more in value... The Disney+ bundle through my Verizon plan, and lead writer of Eye of the Flyer may a. > if not, youre most likely out of luck type of retention offer available for your records in anything! Will you give me any incentive such as a retention offer is a special deal to convince you to... Offset the cards $ 695 annual fee, Ive shown how its easy. Do that are numerous data points that you can only receive one loyalty credit every years! Been cancelled offers from Amex been some reports of a huge retention offer is a special to! Card was, whether you received a retention offer comes with the largest points bonuses for your.

If not waived or a reasonable retention offer, I think I will cancel as I did not really get $500 plus of value for the year. If you get a retention offer it's a good idea to add an AU to double dip on the spend -- for example I got the 55k for $4k Platinum retention offer and then was able to add a 20k for $2k AU. Please view our advertising policy page for more information. Will you give me any incentive such as a retention offer or spending challenge to keep the card?. Terms apply and enrollment is required). Join. It will NOT be published. Terms apply to the offers listed on this page. However, a reasonable retention bonus is 2,500 points for cards that have a $100 or less annual fee, 10,000 points for cards with a $200 or less annual fee, or 20,000 points for cards with a $600 or less annual fee. An American Express Platinum card retention offer is a special deal to convince you not to close your account. But unless he/she proactively gives me a retention offer, I tell them to cancel the card. Some cardholders are being offered 30,000 Membership Rewards points on renewal and then an additional 50,000 Membership Rewards points after $40,000 in spend within three months. This is a pretty excellent deal for this route, especially if cash fares are expensive. - Alex & Erin. I meant getting 45,000 points but I had to spend $4000 first.. Sign-up for the TPG free daily newsletter to get stories like this delivered to your inbox! Am wondering what my chances are for this year. You cant really negotiate a retention offer at all. Took the MR. $500 credit per person for a flight delay, $200 airline credits, $400 Dell credits, free Global Entry/TSA PreCheck, etc.). The retention specialist will likely ask you about your card usage throughout the year, whether you get benefits from the card, or if youre considering closing solely because of the annual fee. Chris Carley is the owner, editor, and lead writer of Eye of the Flyer (formerly known as Rene's Points). Just got a 45,000 point offer on amex platinum with $4000 spend in 3 months. There are numerous data points that you can only receive one loyalty credit every two years. (Earn 1X per $1 on all other purchases.). Youll want to explain to the automated prompt that youre looking for a representative.. Eye of the Flyer may receive a commission from the links below. He was, One of my friends with an Amex Platinum Card was, whether you received a retention offer recently. This site does not include all credit card companies or all available credit card offers. All Rights Reserved. These retention offers come with a small sum of points, and typically will not exceed the value of an annual fee. . When it rains, it pours. I phoned the number on the back of my Platinum card and told the automated service I wanted to cancel my account. AU spend counts towards the retention offer as well. Thank you for the information you put on here, it really helped! This particular type of retention offer comes with the largest points bonuses for keeping your card open. Click here to see a list of advertisers that we work with. At that point with no retention offer and already having to change all of my auto pays, I just left it be cancelled. (Although, I can get the Disney+ bundle through my Verizon plan, and may do that. 1Total Statement Credits earned by eligible U.S. Consumer, Business and Prepaid Card Members after redeeming Amex This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). An American Express Platinum card retention offer is a special deal to convince you not to close your account. For yet another year, many Amex Platinum cardholders are reporting being offered massive retention offers of up to 55,000 or 60,000 points, or $600 to keep their cards open for another year. Then they start reading the (long) disclaimer they must give before asking your consent to close the account. Both Platinum cards offer complimentary gold status with both Marriott and Hilton (enrollment required). If youre considering closing your Amex cards, follow these steps to see if there is a retention offer available for your Amex card. I few minutes later I got an email saying my card had been cancelled.

Related: 4 easy strategies one TPG contributor uses to earn over 500,000 points and miles a year. That alone can make it easy to justify keeping the card open for at least one more year.

Accepted. How To Get Retention Offers From the Major Banks, Business Green Rewards Card from American Express, The Business Platinum Card from American Express, Delta SkyMiles Gold American Express Card, Hilton Honors American Express Aspire Card, Hilton Honors American Express Surpass Card, Marriott Bonvoy Brilliant American Express Card, Barclaycard Arrival Plus World Elite Mastercard. You can accept or decline the retention offer. Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. The Platinum Card from American Express 50,000 points with no spending requirement $695 statement credit 60,000 points after spending $4,000 in 3 months Bank of America Bank of America is one of the smaller players in the overall rewards landscape, though there are many Bank of America credit cards that offer great rewards. We've even heard of 50,000-point retention offers. If you product change your Amex, they will prorate the annual fee refund. Keep track of that for your records in case anything happens!

Accept or decline the retention offer(s). Think of $100,000+ in monthly spending on 1 single credit card.

Earns 3X points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Got the fee waived last year for the Biz Plat which was great. If you have an American Express Platinum Card with a big annual fee due soon (or youve already been charged the fee), you should call the number on the back of your card or chat with an Amex agent online. I have Global Entry / TSA PreCheck credit through about five or six benefit cards including the IHG Rewards Premier Credit Card, which runs only $99 a year. The key to getting a retention offer, according to TPG and Lamarre, is to say that you are "considering" or "thinking about" closing your card. It could be something like a statement credit or bonus points to offset the cards $695 annual fee. Youll be connected to a Capital One representative and be asked to verify your information. Related: Your ultimate guide to credit card retention offers. I took it. In the last week there has been some reports of a huge retention offer on the American Express Business Platinum card. Upon reading the fine print, it said zero annual fee the first year and prorated the second year (based on anniversary date). WebAmex Platinum Personal (open for 10 years, no previous retention and annual spend <$5K) - 20K MR for $3K spend in 3 months. However, they come with a spending requirement within a certain timeframe. Not sure if this is well known or not, but even though it wasn't listed under AMEX Offers, if when logged in you go and click Menu, Cards, and under Personal Cards view all personal cards, there were AU bonuses listed for all of my AMEX branded cards. I read your post and contacted Amex to snag a retention bonus for my Platinum care and was extremely disappointed by the service I received. When it comes to the actual strategy for getting a retention offer, its generally pretty simple: You generally want to only pursue retention offers when an annual fee is posted. But you might as well try it again. Should you pay your taxes with a credit card? Its one of the cards I ranked at the top of my 10 Best Credit Cards list. This borderline abusive behavior has resulted largely in fewer people getting retention offers, so its pretty much only a good idea to ask for a retention offer if it makes sense, which is usually when an annual fee is posted to your account. It was a really bad experience, was left with no recourse and has left a really bad taste in my mouth for Amex. If you cancel your account completely, you will be refunded the annual fee if within 30 days of the print date of the statement showing the fee. AU spend counts towards the retention offer as well. 4/5/23: Asked for an offer via app chat, was given two options: (1) Get 10,000 Marriott points after spending $2,000 in 92 days, or (2) $50 statement credit without spending requirement. 70k points for $5k spend. If you dont get an answer you like, HUCB. To keep (or add) a card, it has to provide $X or more in incremental value. Both Platinum cards offer complimentary gold status with both Marriott and Hilton (enrollment required). Voting Is Now Open for the 2021 FlyerTalk Awards! #retentionoffer #amexretentionoffer #amex #americanexpress #amexgold #amexplatinum #creditcard #creditcards #creditcardpoints #creditcardhacks #points #miles #greenscreen. WebWith your Platinum Card , you'll receive $15 in Uber Cash to use on eligible orders with Uber Eats and rides with Uber in the US every month plus a bonus $20 in December 3, delivered through an exclusive Uber app experience. Tomorrow I intend to contact Chase regarding my Sapphire Reserve card and any possible retention benefits. I was also offered a $200 statement credit if I spent $3,000 on my Platinum card, but took the Ha. I called back and the gentleman from India (he told me) said (after a 20 minute conversation) they could possibly reinstate the card, but with a new account number. American, Delta Cut Routes Ahead of Summer Schedule, American AAdvantage Gives Up Award Chart for Good, Lawmakers Want to Ban Violent Flyers from Air Travel, Grateful Alaska Passenger Pays for Refreshments for Entire Plane, FAA Reminds Pilots of Safety Requirements After Close Calls, ANA and IHG Hotels Deepen Commercial Agreement in Japan, World of Hyatt Announces the Return of Bonus Journeys, New Tool Aims to Help Travelers Get Most from Hotel Points, Turn Quick Points into Free Nights Faster with Hilton Hotels Limited Offer, Marriott Bonvoys "No Limits" Promotion Earns More in Less Time, Delta Sky Club Celebrates Kansas City Lounge Opening, American Express Unveils Refreshed Centurion Lounge Experience in Seattle, Delta Air Lines Plans to Make Sky Clubs More Exclusive, Oneworld Partners American and British Airways Open JFK Terminal 8, United Airlines Opens Grab-and-Go Fly Club in Denver, Experts Agree: Alcohol Should Stay Off Aircraft. [2023], The 40 Best Small Board & Card Games [Travel & Space-Saving Versions]. The $395 annual fee can EASILY be earned back (heres how) and then some! Terms apply. I downgraded 3 weeks ago from the American Express Aspire card to the basic American Express Hilton Honors card since I was one week away from paying the $450 annual fee.