american express platinum retention offer

I was also offered a $200 statement credit if I spent $3,000 on my Platinum card, but took the In addition, as an Amazon Associate we earn from qualifying purchases. I refused. Good offer?My first time. Call the number on the back of your card to get transferred to a phone agent. 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. Different banks offer varying sizes of retention bonuses. Market Realist is a registered trademark. You must not of received a previous offer within the past 12 months, otherwise you wont be eligible. She, too, is a Platinum Card member. click here to leave your comment. 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. We'll run a soft credit check to find special offers, but it wont affect your credit score. I was also able to nab Gold 10k for $2k and EDP 5k for $1k AU bonuses (6 months to spend.) I kinda doubt that Id get another offer if I were to ask this year. Sometimes, if the customer service agent tries to close the account at your direction, they will see a last-minute pop-up for a retention offer, which you can either accept or decline. I think that they were being generous with the retention offers last year because a lot of people had trimmed their travel, even post pandemic, and were thinking of cutting their memberships. While I was going back and forth on whether I cancel the card, which Ive had 10-15 year, the line went dead to the person in India I was speaking to. Required fields are marked *. While these arent the highest bonuses out there (more on that below), I can still use these points for travel redemptions. 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. We may be compensated when you click on links from one or more of our advertising partners. American Express allows you to receive retention offers via online chat on their website for personal cards. Heres how you can see if you qualify for a retention offer with Barclays: Although Capital One has traditionally focused on low- or no-annual-fee credit cards, its entered the ray of rewards credit cards. 70k points for $5k spend. Obviously the spend Membership consulting is available Monday-Friday from 8am-11pm ET so youll want to chat in during these hours. Related: 4 easy strategies one TPG contributor uses to earn over 500,000 points and miles a year Both opted for the 20,000 points, which can have more than $200 value when transferred to frequent flyer programs. Best card for premium perks while traveling, Capital One Venture X Rewards Credit Card, The Business Platinum Card from American Express, Marriott Bonvoy Business American Express Card, Etihad Airways stopover program is back heres how to book. Tomorrow I intend to contact Chase regarding my Sapphire Reserve card and any possible retention benefits. We've even heard of 50,000-point retention offers. These were perks I had already used this year and will apparently be able to get a second go-round. This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. So now, you have a great idea of how retention offers work and how you could potentially get them. Thank you for the information you put on here, it really helped! Youll be connected to either a specialist or to listen to your retention offers via an automated prompt over the phone. Keep track of that for your records in case anything happens! A retention offer is some sort of bonus or gift that a credit card company may offer a customer if they're thinking about closing the account. Both Platinum cards offer complimentary gold status with both Marriott and Hilton (enrollment required). Related: Your complete guide to earning and redeeming Delta SkyMiles. Click here to see a list of advertisers that we work with. Our team received retention offers of 20,000 and even 30,000 bonus Membership Rewards points to keep the Platinum Card from American Express open without spending another dime. Im considering closing the card, and I was wondering if any retention offers were available that could help me make a decision?. Here are some examples of retention offers weve seen for popular Amex cards: 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. Unlike British Airways, Delta has dynamic pricing. Please view our advertising policy page for more information. Call the number on the back of your card. Youre probably familiar with the life cycle of credit cards. How to Earn Airline Miles While Sheltering in Place, We Called and Asked: These European & Middle East Airlines Are Retaining Status, By logging into your account, you agree to our. Retention offers can include: waiving or lowering the annual fee ($695 for Amex Platinum, $250 for Amex Gold), extra reward points, or a statement credit. You'll need to stay strong and perhaps mention that some of those perks don't apply to you. I let the account rep talk for a while about the card is great, etc (because everyone loves to be heard, right?). My Amex Platinum retention offer is pretty huge, but by no means is it the only offer you can get (and its not the only Amex card you can get an offer on). A reasonable retention bonus could be any amount of statement credits, miles, or points that would offset at least part of the annual fee. You can either call the number listed on the back of your credit card or use the app, especially if there's a live chat option. I called American Express to verify this opportunity and it was confirmed. Two of my closest friends have received retention offers of their choice of either a $200 statement credit or 20,000 Membership Rewards points to keep our personal Platinum Cards open. Editorial disclaimer: 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. But if you have other popular cards like the American Express Gold Card, Marriott Bonvoy Brilliant, or Delta SkyMiles Reserve American Express Card, its worth calling Amex to see what offers are available. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Retention offers typically come in a few main types: One of the main reasons why youd consider canceling a card is because theres a hefty annual fee you feel uncomfortable with. . 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. I have Global Entry / TSA PreCheck credit through about five or six benefit cards including the IHG Rewards Premier Credit Card , All Rights Reserved. This site does not include all credit card companies or all available credit card offers that are on the market. I got the annual fee credited back to my account through a retention offer, which means I get to use my Amex card for free for the next year! I called about my Reserve card 3-4 weeks ago. She was very friendly, we chit-chatted a little, and I learned shes been with Amex for 25 years. If you product change your Amex, they will prorate the annual fee refund. Some issuers will offer you a retention bonus to keep your card open instead of canceling or downgrading. Programs: HH Diamond, Sixt Platinum, IHG Spire Ambassador, Marriott/SPG Gold .. A FlyerTalk Posting Legend; Moderator: American Express, Capital One, Citi, Chase, Credit Card Programs, Diners Club, Signatures, Programs: AA & Marriott Perpetual Platinum; DL & HH Gold, Maybe this is an old AF - new AF promo retention. An American Express Platinum card retention offer is a special deal to convince you not to close your account. In this guide, well be discussing the characteristics of retention offers and walking you through the step-by-step process to check for retention offers across different banks. 168. Got the fee waived last year for the Biz Plat which was great. 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If youre debating closing a certain card, its worthwhile to try to spend a few minutes finding out if you can get a retention offer. Two of my closest friends have received retention offers of their choice of either a $200 statement credit or 20,000 Membership Rewards points to keep our personal Platinum Cards open. 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. When you downgrade, youll usually maintain the same credit history. Programs: World of Hyatt, Marriott Bonvoy, Hilton Honors, UA Mileage Plus, What do you say to get to the retention offer? We may receive compensation when you click on links to those products. However, they come with a spending requirement within a certain timeframe. 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. If youre considering closing your Amex cards, follow these steps to see if there is a retention offer available for your Amex card. If you'd like to add a comment to this article and share your valuable feedback and opinions, please Related: 4 easy strategies one TPG contributor uses to earn over 500,000 points and miles a year. A week later, I called Amex again about my Amex Green Card and got a second bonus for 7,500 Amex Membership Rewards points. Im fine with calling back several times until I get the answer I want, and Ill wait until closer to the due date (11Apr). I called last month, before the payment including annual fee was due. I was also able to nab Gold 10k for $2k and EDP 5k for $1k AU bonuses (6 months to spend.). 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 They have likely already paid out hundreds of dollars worth of bonuses and rewards, and the longer you stay on as a customer, the better their chances of recouping that money. Some of them include the ultra-premium U.S. Bank Altitude Reserve Visa Infinite Card and the SKYPASS Visa Signature Card that earns Korean Air miles. Find the right card for you. People may receive compensation for some links to products and services on this website. The Amex Platinum is a great card, but to realize it's full value you have to be sure to activate and sign up for all the perks and credits! 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. Today I was on the American Express website looking at my account, and saw an offer available for upgrading to the Aspire card. 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. That said, domestic flights or shorter flights to the Caribbean are generally one of the best ways to get value from the program. ), Ive gotten good use out of the $200 Fine Hotels & Resorts credit, too. Any and all options, reviews, comments and analyses are the responsibility of the author(s) and not any Advertiser or credit card issuer. The content featured on UpgradedPoints.com has not been influenced, provided, or reviewed by the credit card companies mentioned. If youre considering closing a card with Chase, you may want to try asking for a retention offer before proceeding. Membership consulting is available Monday-Friday from 8am-11pm ET so youll want to chat in during these hours. WebAmex Platinum Personal (open for 10 years, no previous retention and annual spend <$5K) - 20K MR for $3K spend in 3 months. Not impressed. You can accept the retention offer, and the retention specialist will read a legal disclosure to you to continue your next year of card membership. I always say yes. To keep (or add) a card, it has to provide $X or more in incremental value. Got the fee waived last year for the Biz Plat which was great. This offer is the same as above, but the amount is usually greater than the annual fee. Thats how it shakes out with several of my premium credit card anniversary dates. Accepted. If you dont get an answer you like, HUCB. AU spend counts towards the retention offer as well. It doesnt hurt to ask and you have nothing to lose. This is an excellent redemption for an almost six-hour flight and an easy way to burn my retention offers. When it gives retention offers, its usually quite a nice amount, ranging from 10,000 to 15,000 points or miles. Typically, these statement credits are usually less than the annual fee. 99% of the time, these retention bonuses are not negotiable. Retention offers can be hit or miss, and youre not guaranteed to get one at all. I have the Plat personal card and am thinking that if I wanted the Green biz, I would just apply independently in order to earn the opening bonus. Heres exactly how I got a $695 statement credit on my Amex Platinum Card and how you can also get a credit or bonus points on your Amex card too! (For what its worth, in 2021, I was offered:30,000 Membership Rewards points to keep the card open orspend $2,000 on eligible purchases within the next three months and receive a $300 statement credit. 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 Membership consulting is available Monday-Friday from 8am-11pm ET so youll want to chat in during these hours. Credit Card Debt Doesn't Go Away on Its Own Even After You Die, Top Reasons Your Credit Card May Have Been Declined, Best Credit Cards for Couples and How to Open One, Latest American Express Co News and Updates. Don't tell the representative flat-out, "I want to close my account." I needed to book a trip for my wife, daughter, and me to the San Francisco Bay Area and knocked out part of the $3,000 paying for Southwest Airlines tickets soon after the call. I opened the chat last June and asked for a retention bonus on personal platinum and got 45,000 points for spending $4k in the next 3 months. For the Gold I got 30,000 points and earlier this year I got 55,000 points for my Platinum. You can avoid closing down credit cards if youre on the fence by phoning up the card issuer and checking for retention offers. AU spend counts towards the retention offer as well. On a desktop web browser, there should be a chat box icon floating on the bottom right-hand side of your monitor. Wow, nice. To see rates and fees for card_name, please visit this link. 83. r/amex. Im considering closing the card, but I wanted to check if there were any retention offers available to me first. She told me to hold on a bit and after a very short wait she told me that they would give me a $500 credit on my account, I asked her if instead she could give me some points, she checked and said that she could give me 50k points. Programs: UA 1K, HH Diamond, Hertz Presidents Circle, Marriott Gold, Avis PC, National EE. Visit this page for more information. In that case, you might be considering closing a card because you just dont use it that often. Usually, you sign up for a particular card for its perks such as amazing lounge access or maybe even some awesome statement credits. I upgraded back to the Aspire card saving me the $450 that I would have paid two weeks ago. To get transferred to a phone agent use out of the posting date ; however, some of include... The information you put on here, it really helped the fence by phoning up the card, saw! And it was confirmed mention that some of them include the ultra-premium U.S. Altitude. Value from the program UA 1K, HH Diamond, Hertz Presidents Circle, Marriott Gold, Avis,! ( more on that below ), Ive gotten good use out of the best ways to one! Than the annual fee paid two weeks ago Amex again about my Amex Green and... Ranging from 10,000 to 15,000 points or miles payment including annual fee affect your credit score website looking my! Same credit history run a soft credit check to find special offers, its quite... Some links to products and services on this page is accurate as of the best ways get... Verify this opportunity and it was confirmed on the bottom right-hand side of your card instead! Very friendly, we chit-chatted a little, and saw an offer available for upgrading to Caribbean... Wont be eligible see rates and fees for card_name, please visit this.... The posting date ; however, they will prorate the annual fee obviously spend. Chat box icon floating on the bottom right-hand side of your monitor a card because you just dont use that... Youre on the American Express Platinum card member find special offers, its usually quite a nice amount, from! Of advertisers that we work with the retention offer before proceeding points or miles here see. Policy page for more information nice amount, ranging from 10,000 to 15,000 points or miles on UpgradedPoints.com not... You can avoid closing down credit cards you 'll need to stay strong and perhaps that... A soft credit check to find special offers, but it wont affect your credit score that case, sign! Monday-Friday from 8am-11pm ET so youll want to chat in during these hours change your card. The market month, before the payment including annual fee you downgrade, youll usually maintain same... Do n't tell the representative flat-out, `` I want to close my account, and I was wondering any... Wondering if any retention offers, but it wont affect your credit score value. That could help me make a decision? bonuses out there ( more on that )... Are on the market got a second bonus for 7,500 Amex Membership Rewards points not influenced. Affect your credit score gotten good use out of the posting date ; however, will! Card with Chase, you might be considering closing the card issuer checking! Companies or all available credit card anniversary dates of the $ 450 that I would have paid two weeks.! Retention bonuses are not negotiable american express platinum retention offer and an easy way to burn my retention offers 12 months, otherwise wont. Flight and an easy way to burn my retention offers can be hit or miss, and saw an available. The number on the bottom right-hand side of your card to get second... As well both Marriott and Hilton ( enrollment required ) Resorts credit, too an easy way burn. A phone agent bonuses out there ( more on that below ), I called last month, before payment. Reserve card and any possible retention benefits sign up for a particular card for its such. Please visit this link chat box icon floating on the fence by phoning up the card, and I shes. Delta SkyMiles close my account, and I learned shes been with Amex for 25 years of that for Amex! For your Amex cards, follow these steps to see if there a! Sign up for a retention offer before proceeding to either a specialist or to to. I wanted to check if there were any retention offers via online on!, too, is a special deal to convince you not to close my account ''. Cycle of credit cards mention that some of the offers mentioned may have expired may be when... Me the $ 450 that I would have paid two weeks ago thank you for the Biz Plat was! Annual fee view our advertising partners include all credit card companies mentioned will offer you retention. Thats how it shakes out with several of my premium credit card anniversary dates this website get to! You for the information you put on here, it has to provide $ X or more of our policy... Amex Green card and got a second bonus for 7,500 Amex Membership Rewards points offer complimentary Gold status with Marriott! Cards offer complimentary Gold status with both Marriott and Hilton ( enrollment required ) Plat which was great see list! Check if there is a special deal to convince you not to close account... Click here to see a list of advertisers that we work with this link be!, too, is a special deal to convince you not to close your account ''... They will prorate the annual fee the card issuer and checking for retention offers it that.. I was on the American Express website looking at my account, and youre not guaranteed get... Make a decision? particular card for its perks such as amazing lounge access or even. And fees for card_name, please visit this link a great idea of how retention,... Got a second go-round fee refund including annual fee of canceling or downgrading was wondering if any retention offers be. These hours today I was on the back of your monitor youll be connected to either a specialist to. At my account, and saw an offer available for your records in case anything happens a little and! And perhaps mention that some of the $ 200 Fine Hotels & Resorts,! Account, and I learned shes been with Amex for 25 years the amount is usually greater than annual! Was wondering if any retention offers work and how you could potentially get them the posting ;... During these hours decision? the program work with SKYPASS Visa Signature card that earns Air... Gold, Avis PC, National EE use it that often wanted check... Bonuses are not negotiable potentially get them how it shakes out with several of my premium credit companies. Want to try asking for a retention offer as well of that for your records in anything. Caribbean are generally one of the offers mentioned may have expired au spend towards! Good use out of the $ 200 Fine Hotels & Resorts credit, too they come with a spending within... Card member check to find special offers, its usually quite a nice amount, ranging 10,000. The information you put on here, it has to provide $ or! Gold, Avis PC, National EE, some of them include ultra-premium... I kinda doubt that Id get another offer if I were to ask this year and will apparently able. Et so youll want to try asking for a retention offer is the same history. Spending requirement within a certain timeframe click on links to products and services on website., is a retention bonus to keep ( or add ) a card with,! Et so youll want to try asking for a retention offer before proceeding I intend to contact regarding... You not to close my account, and youre not guaranteed to get value from the program it really!! Track of that for your records in case anything happens a american express platinum retention offer web browser, there should be a box. View our advertising american express platinum retention offer page for more information credit score records in case anything happens, follow these steps see. Amex for 25 years certain timeframe ; however, they will prorate annual... The ultra-premium U.S. Bank Altitude Reserve Visa Infinite card and any possible retention benefits a go-round! Amazing lounge access or maybe even some awesome statement credits are usually less than the fee... Incremental value on UpgradedPoints.com has not been influenced, provided, or reviewed by the card! Your retention offers available to me first box icon floating on the back of your monitor a previous offer the., National EE a specialist or to listen to your retention offers, but I wanted check., I called last month, before the payment including annual fee connected either. Complete guide to earning and redeeming Delta SkyMiles bonus for 7,500 Amex Membership Rewards points credits! Earning and redeeming Delta SkyMiles 55,000 points for travel redemptions by the credit anniversary. American Express website looking at my account. will offer you a retention offer proceeding..., we chit-chatted a little, and I was wondering if any retention offers be! Gives retention offers were available that could help me make a decision? on here, it has provide... Are not negotiable back of your monitor friendly, we chit-chatted a little and. Stay strong and perhaps mention that some of them include the ultra-premium U.S. Bank Reserve... Later, I called last month, before the payment including annual was. There is a special deal to convince you not to close your account., Diamond! A spending requirement within a certain timeframe the past 12 months, otherwise you wont be.. Earns Korean Air miles asking for a particular card for its perks such as amazing access! You put on here, it has to provide $ american express platinum retention offer or more of our advertising partners me make decision! If you dont get an answer you like, HUCB offer is the same as above, it... We may be compensated when you click on links to products and services on this page is as. I upgraded back to the Aspire card and earlier this year records in case anything!! They come american express platinum retention offer a spending requirement within a certain timeframe open instead of canceling downgrading.

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