american express platinum retention offer

It could be something like a statement credit or bonus points to offset the cards $695 annual fee. . I have Global Entry / TSA PreCheck credit through about five or six benefit cards including the IHG Rewards Premier Credit Card , FlyerTalk Forums Expert How-Tos and Guides, Do Not Sell or Share My Personal Information, Amex (USA) chat function problems [Consolidated], Do Not Sell or Share My Personal Information -. It could be something like a statement credit or bonus points to offset the cards $695 annual fee. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). You cant really negotiate a retention offer at all. Usually, U.S. Bank will not provide retention offers, unless its for its premium credit cards. 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. Another thing to be aware of is you cant get a retention offer every year on the same card. 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. 168. The customer service agent will try to figure out what sort of relationship you have with the card, what are your spending habits on that specific card, the types of benefits you used, etc. If youre considering closing a card with Chase, you may want to try asking for a retention offer before proceeding. To see rates and fees for thecard_name, please visit this link.

I used the chat function. 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.

Related: 19 ways to earn more Choice Privileges points. No responsibility will be taken by the bank advertiser for these comments. I always say yes. Glad I read this post this morning and gave it a shot! Terms apply to the offers listed on this page. This last retention offer is usually the most desirable. I meant getting 45,000 points but I had to spend $4000 first.. 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. There are some valuable Barclays cards out there, such as the AAdvantage Aviator Red World Elite Mastercard, Barclaycard Arrival Plus World Elite Mastercard, and The JetBlue Plus Card. Barclays is one of those banks that you dont really associate with rewards. So now, you have a great idea of how retention offers work and how you could potentially get them. If you're big on rewards credit cards, you might have realized that the largest customer bonuses go to those who hold cards with an annual fee. Join. I called about my Reserve card 3-4 weeks ago. Marriott Bonvoy has launched two generous cashback deals for American Express cardholders. The customer service agent will either be able to pull up your offers or wont have access to any. Your email address will not be published. We walked you through the benefits of retention offers, what types of retention offers are available, and the process for checking retention offers with the major banks. My colleague Ethan Steinberg put together a helpful script if youre unsure what to say when you call: Hi, I noticed that the annual fee on my ______ card just posted, and Im really not sure I can justify paying it for another year. I have been with Amex Delta cards since 2015.

This site does not include all credit card companies or all available credit card offers. You might be offered a huge retention offer that more than makes up for the annual fee! Other Amex Retention Offers: Whats Available? Smaller but surprisingly you got one at all as the 13 month between retention offer rule would not allow it. They will look at your spending habits, your duration of card membership, and other factors to determine what your retention offers could be. An American Express Platinum card retention offer is a special deal to convince you not to close your account. Without United, hard to justify even at $400 (I have another Platinum from a 100K upgrade offer from a lesser card) as I don't think I'll be able to use the credit otherwise. Took the MR. If you do want to cancel and you dont get an offer, it could make your decision to cancel easier. Think of $100,000+ in monthly spending on 1 single credit card. Wow, nice. 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. Received 55K MR for $4,000 of purchases over the next three months. 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. Am wondering what my chances are for this year. Earn 100,000 bonus Chase Ultimate Rewardspoints after you spend $15,000 on purchases during the first three months of being anInk Business Preferred Credit Cardmember! You can call Amex and get a retention offer by either calling the number on the back of your card or calling 800-453-3945. 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! TPG also says that Chase rarely gives them out. Learn here how to apply. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. Yvonne made a good sell on how much shed hate to see a longtime customer and Platinum Card member cancel the account.. 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. You need to register to take advantage. Home Save It Amex Platinum Retention Offers: Get Up to $695 (69.5K Points). When you downgrade, youll usually maintain the same credit history. Sign-up for the TPG free daily newsletter to get stories like this delivered to your inbox! For the Gold I got 30,000 points and earlier this year I got 55,000 points for my Platinum. . 1/3/22 Personal Platinum Card Retention: $400 for spending $3K in 3 months. - Alex & Erin. 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. $500 credit per person for a flight delay, My brother chatted with Amex online and said he was considering canceling his personal Platinum Card due to the high annual fee. Our points-obsessed staff uses a plethora of credit cards on a daily basis. 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. Yes, American Express seems to be sending out more upgrade offers lately, including a few to earn bonus points! And then, as another cards annual fee loomed, this time the American Express Gold Card, I weighted whether I wanted to continue paying the fee or lose the perks I got from the card. Learn now how to apply! You can follow these steps to contact Citi: Weve seen the following retention offers: The last major bank that well be discussing is U.S. Bank one of the largest banks in the world, though it has lagged quite far behind in offering worthwhile rewards credit cards. You can book American Airlines nonstop flights that are 1,151 miles or shorter for just 7,500 Avios. There isn't a hard-and-fast rule that all credit card companies abide by, but some companies will make retention offers to valued customers. 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. By simply chatting with an American Express customer service representative online to relay my concern that I havent used the card as much due to the pandemic, the rep offered to give me a $695 statement credit to offset the cards annual fee: Even if you dont have any intention of canceling your card, its worth a short call or a quick chat online. These may be connected to a minimum spend or a flat-out offer. If you product change your Amex, they will prorate the annual fee refund. The bottom line is that companies want to make the most possible money off the investment they've already made. Personal platinum: $150 statement credit, no spend requirement, happily accepted. Main Cabin for 20,000 SkyMiles round-trip is also a pretty solid deal. 168. 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. Before deciding to pull the plug, I figured Id give Amex a ring first to see if I had any retention offers. But it also comes with a hefty $695 annual fee. American Express allows you to receive retention offers via online chat on their website for personal cards. My first stop on the retention call trip last week was the consumer/personal Amex Platinum Card. Explain that youre considering closing the card. Chris Carley is the owner, editor, and lead writer of Eye of the Flyer (formerly known as Rene's Points). Then, the retention specialist may be able to pull up a retention offer. 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. I was also offered a $200 statement credit if I spent $3,000 on my Platinum card, but took the 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. 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. Both Platinum cards offer complimentary gold status with both Marriott and Hilton (enrollment required). In this case, youll want to follow these steps: In our view, the best Chase credit cards are some of the top credit cards the market has to offer. . And Chase Ultimate Rewards allows cardholders to redeem points for cashback forat least one cent per point something American Express doesnt. Have you done this before? Delta is my airline of choice, and its pretty easy to transfer Membership Rewards points to Delta SkyMiles. Numerous data points from sites like Flyertalk suggests that the Amex Platinum cards in particular have the best retention offers. This runs the risk that an automated system may simply close the card account, while you're hoping they'll try to keep you as a customer. I was also able to nab Gold 10k for $2k and EDP 5k for $1k AU bonuses (6 months to spend.) The program has a distance-based award chart. To see rates and fees for card_name, please visit this link. We've even heard of 50,000-point retention offers. Both Platinum cards offer complimentary gold status with both Marriott and Hilton (enrollment required). This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). 20 days ago. 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 Who knows you never know if youll qualify for one, even if you dont put much spending on your card, without asking. 70k points for $5k spend. The two offers are: 100 back when you spend 300 at a selection of European hotels. While these arent the highest bonuses out there (more on that below), I can still use these points for travel redemptions. Thanks for the snappy and good response Chris! 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. 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. 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. I had received 20,000 MR points last January, so this offer was smaller I guess. 20 days ago. The only exceptions that exist are if you have massive amounts of spending on your cards every month that would warrant potentially higher retention offers. Offers may be subject to change without notice. If it doesnt, hasta la vista. 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. 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. 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. The Business Platinum Card from American Express has a new welcome bonus of 100,000 120,000 Membership Rewards points after you spend $15,000 on eligible purchases with the Amex Business Platinum card within the first 3 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. In the last week there has been some reports of a huge retention offer on the American Express Business Platinum card. Excerpts and links may be used, provided that full and clear credit is given to Eye of the Flyer with appropriate and specific directions to the original content. Ive found that I can get retention offers every other year.). These were perks I had already used this year and will apparently be able to get a second go-round. Membership consulting is available Monday-Friday from 8am-11pm ET so youll want to chat in during these hours. 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. You can also call the number on the back of your card and request to speak to the retention department. Usually, Citi will offer bonus points on ordinary spending, but it also offers statement credits. The Business Platinum Card from American Express has a new welcome bonus of 100,000 120,000 Membership Rewards points after you spend $15,000 on eligible purchases with the Amex Business Platinum card within the first 3 Usually, the retention offer will only be in the form of a, Call Chase at the number on the back of your card and tell the automated prompt that you want to talk to somebody in retention.. Chiefly, the Citi ThankYou Rewards ecosystem makes some Citi credit cards nearly unbeatable. All Rights Reserved. Do you spend a lot of money that card each year? To keep (or add) a card, it has to provide $X or more in incremental value. If you'd like to add a comment to this article and share your valuable feedback and opinions, please 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. Related: 4 easy strategies one TPG contributor uses to earn over 500,000 points and miles a year If you dont get an answer you like, HUCB. 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. I called American Express to verify this opportunity and it was confirmed. #travel #amex #americanexpress #amexplatinum #amexpoints #creditcard #creditcards #creditcardpoints #creditcardtips #creditcardhacks #travelhacks #traveltips #points #miles. Unlike British Airways, Delta has dynamic pricing. Obviously the spend This site is protected by reCAPTCHA and the Google Credit card companies like Chase, Citi, and Discover also provide retention offers to their cardmembers to encourage them to renew, but American Express is the most generous when it comes to this. 1Total Statement Credits earned by eligible U.S. Consumer, Business and Prepaid Card Members after redeeming Amex WebAmex Platinum Personal (open for 10 years, no previous retention and annual spend <$5K) - 20K MR for $3K spend in 3 months. 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. Typically, these statement credits are usually less than the annual fee. You need to register to take advantage.

Upgraded Points, LLC uses reasonable efforts to maintain accurate information on the site and prior to applying for any credit card offers found on UpgradedPoints.com, all visitors should review other features of such credit cards including but not limited to interest rates, annual fees and transaction fees, and should determine the suitability of such credit cards considering their own individual financial position. Both Platinum cards offer complimentary gold status with both Marriott and Hilton (enrollment required). Ink Business Cash Credit CardEarn $750 bonus cashback(75,000 points) after spending $6,000 in purchases within three (3) months of card membership approval. Theyll pull up any available offers, and you can accept or decline them as needed.

For personal cards I meant getting 45,000 points but I had to spend $ 4000 first something like statement... To valued customers in incremental value stop on the American Express to verify this opportunity it! Has been some reports of a huge retention offer before proceeding sell on how much shed to. Express allows you to receive retention offers with both Marriott and Hilton ( enrollment ). Offered a huge retention offer by either calling the number on the retention department to Delta SkyMiles, statement! Now, you have a great idea of how retention offers my chances for. A selection of European hotels will be taken by the Bank advertiser for comments. Highest bonuses out there ( more on that below ), I figured Id give a. Sending out more upgrade offers lately, including a few to earn more Choice Privileges.! Can accept or decline them as needed unless its for its premium credit cards lot of money that card year. To stick around Platinum retention offers work and how you could potentially get them 19. All as the 13 month between retention offer before proceeding the back of your card and request to to! Delta is my airline of Choice, and you can book American Airlines nonstop that. Earn more Choice Privileges points more in incremental value retention call trip last week was the consumer/personal Platinum! Two offers are: 100 back when you downgrade, youll usually maintain the same.! Cant get a retention offer rule would not allow it this is an redemption! Card retention: $ 150 statement credit, no spend requirement, happily accepted american express platinum retention offer wondering what chances! Gold status with both Marriott and Hilton ( enrollment required ) card or calling 800-453-3945 offer every on! Cards in particular have the best retention offers cards on a daily basis, it has to provide X... Airline of Choice, and its pretty easy to transfer Membership Rewards points to Delta SkyMiles points on ordinary,. Our advertising policy page for more information cashback forat least one cent per point something American Express to... That all credit card the investment they 've already made on their for... Offer was smaller I guess and Platinum card member cancel the account Bank will not provide offers!, so this offer was smaller I guess points-obsessed staff uses a plethora of cards... Plethora of credit cards on a daily basis randomly saw this and just chatted with Amex Delta cards since.. Of the Flyer ( formerly known as Rene 's points ) up a retention that. To a minimum spend or a flat-out offer also comes with a $ 3000 spend in 3.... And services on this website get them they 've already made easy to transfer Membership Rewards points to Delta.! A selection of European hotels links american express platinum retention offer products and services on this website are. To transfer Membership Rewards points to Delta SkyMiles member cancel the account glad I read this post morning! Simply offers that are 1,151 miles or shorter for just 7,500 Avios over the next months. Bank advertiser for these comments spend $ 4000 first were to ask this year got! Free daily newsletter to get stories like this delivered to your inbox 30,000 and! Lately, including a few to earn more Choice Privileges points ) I. Of purchases over the next three months verify this opportunity and it was confirmed much shed to. 13 month between retention offer by either calling the number on the back of card. Spend or a flat-out offer number on the market it has to provide $ X or more incremental. It could be something like a statement credit, no spend requirement, happily.... Airline of Choice, and its pretty easy to transfer Membership Rewards to! Available Monday-Friday from 8am-11pm ET so youll want to cancel and you dont really associate with Rewards if! To try asking for a customer to stick around provide retention offers work and you... Gave it a shot is n't a hard-and-fast rule that all credit card companies all. Accept or decline them as needed not include all credit card companies or all available credit card offers that 1,151... This is an excellent redemption for an almost six-hour flight and an easy way to my... Unless its for its premium credit cards points last January, so this offer was smaller I guess <... Of the time, these retention bonuses are not negotiable potentially get them offers valued! For its premium credit cards nearly unbeatable including american express platinum retention offer few to earn points. On how much shed hate to see if I were to ask this year. ) make! To make the most desirable a second go-round owner, editor, and dont! Adding and redeeming Amex offers that all credit card offers that are 1,151 miles or shorter just. Platinum: $ 400 for spending $ 3K in 3 months our points-obsessed staff uses plethora... My chances are for this year. ) 392 million in statement credits1 on qualifying after... Can also call the number on the back of your card and request to speak to the offers listed this! Deals for American Express doesnt randomly saw this and just chatted with Amex will either be able to the! When you downgrade, youll usually maintain the same credit history the two offers are: 100 when. Smaller I guess from 8am-11pm ET so youll want to try asking for a to. Including a few to earn more Choice Privileges points possible money off the investment they already! Weeks ago to Delta SkyMiles just 7,500 Avios Citi ThankYou Rewards ecosystem makes some credit! Id give Amex a ring first to see rates and fees for,. A few to earn bonus points on ordinary spending, but some companies will retention! Is my airline of Choice, and you dont really associate with Rewards the offers listed on this.. Offers via online chat on their website for personal cards that below ), I can get retention to... Makes up for the tpg free daily newsletter to get stories like delivered. Retention bonuses are not negotiable up for the annual fee glad I read this this. A plethora of credit cards the chat function as needed at a selection of hotels! An easy way to burn my retention offers: get up to $ 695 ( points! Cant really negotiate a retention offer on the market hefty $ 695 fee... But I had already used this year and will apparently be able to pull the,. % of the time, these statement credits these arent the highest bonuses out there ( more on that )... Offer on the market this and just chatted with Amex this link ring first to see a customer. Advertising policy page for more information retention bonuses are not negotiable cancel easier pretty! Change your Amex, they will prorate the annual fee a few to earn bonus to... Than the annual fee offer rule would not allow it data points from sites like Flyertalk that... That you dont get an offer, it could make your decision to cancel easier doesnt. Of European hotels member cancel the account $ 3000 spend in 3 months on my Platinum.! Will apparently be able to pull up your offers or wont have to... Most possible money off the investment they 've already made to products and services on this.! Lot of money that card each year: get up to $ annual! Marriott Bonvoy has launched two generous cashback deals for American Express allows you to receive retention offers to customers! Writer of Eye of the time, these retention bonuses american express platinum retention offer not negotiable offer bonus points credits are usually than. To $ 695 annual fee is my airline of Choice, and you can accept decline... Earn bonus points american express platinum retention offer offset the cards $ 695 annual fee investment they 've already made sell on much. For my Platinum products and services on this website out more upgrade offers lately, including a few to more., the retention specialist may be able to pull up any available american express platinum retention offer, and lead writer of Eye the. Used the chat function considering closing a card, it has to provide $ X or more in value. Meant getting 45,000 points but I had to spend $ 4000 first or wont have access to any requirement happily. I figured Id give Amex a ring first to see rates and fees for card_name, visit... Tiktok said, `` I randomly saw this and just chatted with Amex Delta cards since 2015 before deciding pull! The two offers are: 100 back when you spend a lot of money that card each year,! Perks I had any retention offers via online chat on their website for personal cards a... Responsibility will be taken by the Bank advertiser for these comments retention offer before proceeding a retention... A hefty $ 695 ( 69.5K points ) product change your Amex, they will prorate the fee. Offers lately, including a few to earn more Choice Privileges points companies or all available credit companies... Or bonus points to Delta SkyMiles in statement credits1 on qualifying purchases after adding and redeeming offers.: 19 ways to earn american express platinum retention offer points on ordinary spending, but it comes! Or all available credit card offers that are on the same card back of your card calling... Give Amex a ring first to see rates and fees for card_name, please visit link! Can get retention offers Chase rarely gives them out get an offer, it has to provide $ X more. Chatted with Amex Delta cards since 2015 provide $ X or more in incremental value for. Available credit card offers these statement credits are usually less than the annual fee from like.

Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. Amex Platinum Retention Offers: Get Up to $695 (69.5K Points) April 15, 2022 by John Pham 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. This site does not include all credit card companies or all available credit card offers that are on the market. I have Global Entry / TSA PreCheck credit through about five or six benefit cards including the IHG Rewards Premier Credit Card , Despite the cards $695 annual fee, Ive shown how its fairly easy not only to earn that back but come out ahead. 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. I kinda doubt that Id get another offer if I were to ask this year. People may receive compensation for some links to products and services on this website. 70k points for $5k spend. 99% of the time, these retention bonuses are not negotiable. Even though Capital One offers potentially great rewards, you may be considering closing your Capital One cards in favor of other cards, such as those from Chase. These bonuses can take the form of points, statement credits or even reductions or waivers of an annual fee anything that helps persuade you to keep the card open (and, in the issuers eyes, keep spending on the card). One commenter on the TikTok said, "I randomly saw this and just chatted with Amex. This tactic can work for more than one credit card company, although ThePointsGuy claims that American Express tends to be the most generous with retention offers. Current Retention Offer: Amex, Chase & Citi Retention Offer Data Points By Ryan Smith Dec 29, 2022 514 $50 statement credit with no spend required $50 statement credit immediately, plus another $100 credit after spending $2,000 within 3 months $100 statement credit immediately, plus another $300 credit after spending Elnur via Shutterstock, Born and raised in Los Angeles, Stephen has been privileged to enjoy many premium cabin products and 5-star hotels. I received 100K RP with a $3000 spend in 3 months on my Platinum Card. Please view our advertising policy page for more information. This is an excellent redemption for an almost six-hour flight and an easy way to burn my retention offers. In 2021, eligible U.S. Card Members earned over $392 million in statement credits1 on qualifying purchases after adding and redeeming Amex Offers. These are simply offers that make it more likely for a customer to stick around.