Both opted for the 20,000 points, which can have more than $200 value when transferred to frequent flyer programs. Not to mention that you can earn 120,000 Amex Membership Rewards points (worth between $1,200 to $2,400 depending on what you redeem them for) as a sign-up bonus when you apply for the card. This bonus value is an estimated valuation. 168. 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. But as this TikToker points out, it can be worth calling or online chatting to try and get some sort of deal. 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. Youll be connected to a front-line customer service agent. Best Credit Cards for Rental Car Insurance, Business Credit Cards for Advertising Purchases, Business Credit Cards for Shipping Purchases, Top Reasons to Get a Business Credit Card, How to Apply For a Small Business Credit Card, Maximize Rewards From Your Business Purchases, Comparing Top 3 Chase Business Credit Cards, Tourist Visa Requirements for U.S. Citizens, How to Cancel an American Airlines Flight, TSA PreCheck Everything You Need to Know, Chicago OHare International Airport [ORD], Best Websites for Booking Affordable Hotels, Best Hilton Luxury Hotels to Book With Points, Guide to Hotel Status Matches and Challenges, Best Marriott Luxury Hotels to Book With Points, Best Ways to Redeem Marriott Points for Hotels, Best IHG Luxury Hotels to Book With Points, Marriott Bonvoy Hotel Loyalty Program Review, The Blue Business Plus Credit Card from American Express, Alaska Airlines Visa Signature Credit Card, CitiBusiness / AAdvantage Platinum Select Mastercard, Citi / AAdvantage Platinum Select World Elite Mastercard, IHG Rewards Traveler Credit Card Review [2023], IHG Rewards Premier Credit Card Review Full Review [2023], Capital One Venture Rewards Credit Card Full Review [2023], IHG Rewards Club Select Credit Card Full Review [2023]. 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. 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 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. 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. Youre probably familiar with the life cycle of credit cards. After getting connected, you can say something like, Right now, Im holding a Bank of America ___ credit card, and Im considering closing the card because I saw the annual fee post. 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. What type of retention offer have you received? (Earn 1X per $1 on all other purchases.). Terms apply. (See Rates and Fees), I like the $240 Digital Entertainment Credit (enrollment required) and use that for purchases Id normally make: Peacock and the Disney+ bundle. 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. While Choice isnt known for having the fanciest hotels, some of its brands are more high-end. 
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. 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. Join. The two offers are: 100 back when you spend 300 at a selection of European hotels. I called about my Reserve card 3-4 weeks ago. 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. 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. I was offered a $200 credit on $1500 spend in 90 days or 20,000 MR. Thank you for the information you put on here, it really helped! 70k points for $5k spend. All Rights Reserved. 168. You can also be offered bonus points for keeping your card open. My first stop on the retention call trip last week was the consumer/personal Amex Platinum Card. That said, domestic flights or shorter flights to the Caribbean are generally one of the best ways to get value from the program. I read just today that a reader on the FB AmEx Platinum group called and pushed for retention on all cards simultaneouslythough it reads a bit far-fetched, as does the card holder of exactly one year pushing and getting a retention bonus. $500 credit per person for a flight delay, $200 airline credits, $400 Dell credits, free Global Entry/TSA PreCheck, etc.). At that point with no retention offer and already having to change all of my auto pays, I just left it be cancelled. 3 minutes later I have 60,000 miles. Then, the retention specialist may be able to pull up a retention offer. 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. WebAmex Offers helps Card Members earn rewards on purchases for things they love. That alone can make it easy to justify keeping the card open for at least one more year. Nice work. Why Should I Pay Attention to Retention Offers? 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. I was told there were no offers available. Find the right card for you. Whether I want to get far away or stay close to home, having a few more Amex points in my account makes it much easier. I received $150 statement credit today on my personal platinum for retention offer. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Your email address will not be published. Im considering closing the card, and I was wondering if any retention offers were available that could help me make a decision?. I called and was only given the 30,000 point option. [2023], The 40 Best Small Board & Card Games [Travel & Space-Saving Versions]. Sign-up for the TPG free daily newsletter to get stories like this delivered to your inbox! 2023 Upgraded Points, LLC. 1Total Statement Credits earned by eligible U.S. Consumer, Business and Prepaid Card Members after redeeming Amex When the verification process is completed, you can say something along the lines of, Im currently holding the Capital One ___ card, and I just saw my annual fee get posted. Its possible there arent any retention offers for your account. 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. For instance, if I wanted to spend my retention offer at Choice, I could do a New York City staycation at an Ascend Collection hotel like The Draper, The Carvi Hotel or the Union Hotel, all starting at 16,000 Choice points a night in February. I had received 20,000 MR points last January, so this offer was smaller I guess. The information for the Amex Green card has been collected independently by The Points Guy. Visit this page for more information. (Although, I can get the Disney+ bundle through my Verizon plan, and may do that. These may be connected to a minimum spend or a flat-out offer. 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. When you downgrade, youll usually maintain the same credit history. I refused. Earn a $300 statement creditafter spending $3,000 on eligible purchases within three (3) months of agreeing to keep the card. This site does not include all credit card companies or all available credit card offers that are on the market. Plus, enjoy up to $300 annually in statement credits for travel purchased through Capital One AND 10,000 bonus points every year, after the first anniversary. Both Platinum cards offer complimentary gold status with both Marriott and Hilton (enrollment required). You cant really negotiate a retention offer at all. 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. 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 In the last week there has been some reports of a huge retention offer on the American Express Business Platinum card. Youll be connected to either a specialist or to listen to your retention offers via an automated prompt over the phone. Chiefly, the Citi ThankYou Rewards ecosystem makes some Citi credit cards nearly unbeatable. Note there is a policy that retention bonuses can only be offered once every two years and that your account usually has a specific retention offer tied to it. 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. Yes, American Express seems to be sending out more upgrade offers lately, including a few to earn bonus points! 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 click here to leave your comment. I happened to be up for renewal on my Amex Platinum last week. Plus, I still manage to get good value out of the $200 airline incidental credit (enrollment is required and terms apply.). Plus, I earned 5X Membership Rewards points for each dollar spent on that charge (the card awards 5X points forbooked directly with airlines or through American Express Travel, on up to $500,000 on those purchases per calendar year). Other Amex Retention Offers: Whats Available? Related: Heres why you should care about British Airways Avios. Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. Who knows you never know if youll qualify for one, even if you dont put much spending on your card, without asking. Learn here how to apply. American Express generally does not remove the annual fees in their entirety. Retention offers can really sweeten the deal if youre on the fence about closing a card. 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. The best time to call for a retention offer is after a credit cards annual fee posts. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Membership consulting is available Monday-Friday from 8am-11pm ET so youll want to chat in during these hours. 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. Different banks offer varying sizes of retention bonuses. Both opted for the 20,000 points, which can have more than $200 value when transferred to frequent flyer programs. I accept the Membership Rewards offer. Plus, my Chase Sapphire Reservegives me a much better Priority Pass Select membership than either Platinum card. Marriott Bonvoy has launched two generous cashback deals for American Express cardholders. 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. By logging into your account, you agree to our Terms of Use and Privacy Policy, and the use of cookies as described therein. Im thinking of canceling the card, but I wanted to see if there were retention offers available that can help me decide.. 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. That alone can make it easy to justify keeping the card open for at least one more year. You can also score great deals on international flights to the Caribbean and South America. Personal platinum: $150 statement credit, no spend requirement, happily accepted. 20,000 points after spending $2,000 in 3 months, 7,500 points with no spending requirement, $295 statement credit with no spending required, $100 statement credit after spending $2,000 in 3 months, $50 statement credit with no spending requirement, 7,500 points after spending $2,000 in 3 months, $595 statement credit with no spending required, 5,000 miles after spending $1,000 in 3 months, 20,000 points after spending $1,500 in 3 months, 50,000 points with no spending requirement, 60,000 points after spending $4,000 in 3 months. Before you accept a retention offer, the rep on the phone will read some terms and conditions. For example, check out this flight from New York (JFK) to Los Angeles (LAX), which costs 7,000 SkyMiles one-way in basic economy. 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 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. I have been with Amex Delta cards since 2015. Accepted. Email needed if you'd like comment updates. Learn now how to apply! My pleasure, Dave! If connected to a specialist, you can say something like, Im currently holding this Chase ___ card, and I saw that my annual fee was charged on my account. For instance, this flight from New York (LGA) to Norfolk (ORF), where my family lives, is only 7,500 Avios one-way. Click here to see a list of advertisers that we work with. Hi Nicholas getting retention bonuses can be confusing. Before you accept a retention offer, the rep on the phone will read some terms and conditions. Smaller but surprisingly you got one at all as the 13 month between retention offer rule would not allow it. Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. Not only did they not give me anything to continue using the card another year, their best offer was to push me into getting 45,000 points by spending $4000. Youll be connected to a representative who will verify your identity by asking you for your billing address, the last 4 of your Social Security number, etc. If you recently got a small Amex points bonus (like a retention offer), this is a solid way to use them if cash flights are pricey. I have Global Entry / TSA PreCheck credit through about five or six benefit cards including the IHG Rewards Premier Credit Card , But it also comes with a hefty $695 annual fee. I could she was smiling during most of the call. But unless he/she proactively gives me a retention offer, I tell them to cancel the card. The call may go in your favor, but you have options for canceling or downgrading if it doesn't. 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. Call the number on the back of your card to get transferred to a phone agent. On a desktop web browser, there should be a chat box icon floating on the bottom right-hand side of your monitor. Any and all options, reviews, comments and analyses are the responsibility of the author(s) and not any Advertiser or credit card issuer. I sat down and looked at the cards I used the least, and my American Express Green Card immediately stood out. Nonetheless, Bank of America offers some unique co-branded airline credit cards: If youre considering closing your Bank of America card, you can follow these steps to try to get a retention offer: In general, we see statement credits being offered: for example, the Alaska Signature card has seen statement credits of $100 after spending $1,000 in 3 months. Earn 75,000 bonus points (worth at least $750 in travel) after spending $4,000 in purchases within three months of card membership approval. Membership consulting is available Monday-Friday from 8am-11pm ET so youll want to chat in during these hours. If they say no, then its up to you. Im lucky to have most of my friends and family based on the East Coast, where I also live. Related: 19 ways to earn more Choice Privileges points. It doesnt hurt to ask and you have nothing to lose. This site does not include all credit card companies or all available credit card offers. Avios are the best way to book domestic flights operated by American Airlines. I was expecting better from Amex based on what Ive read. You might be offered a huge retention offer that more than makes up for the annual fee! Terms apply. 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. Before I accepted the points offer on my Amex Gold Card, the rep on the phone also offered a $200 statement credit to offset the annual fee. Lo and behold, there were a couple of retention offers available! Fall is for my card_name and Chase Sapphire Reserve. Retention offers from Bank of America can offset the annual fees on these cards, but it generally wont earn you bonus miles. 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. #retentionoffer #amexretentionoffer #amex #americanexpress #amexgold #amexplatinum #creditcard #creditcards #creditcardpoints #creditcardhacks #points #miles #greenscreen. Here are three ways I can spend my retention bonuses. The appeal of Bank of America has traditionally been on its fantastic Preferred Rewards program, offering some amazing cash-back opportunities if you have also banking accounts with BoA. Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. Getting an extra 45,000 points for spending $4,000 is decent but not the best offer as youre already aware. Easiest money I make all year for 10 minutes of my time. View the current offers here. 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. So if you dont get an offer this time, you cant simply hang up and call again (HUCA) and hope for a different result. If targeted, you will find these under the Offers tab for one or more of your cards on the Amex website or app. Subscribe To Our NewsletterJoin our mailing list to receive the latest news and updates from our team. Both Platinum cards offer complimentary gold status with both Marriott and Hilton (enrollment required). American Express allows you to receive retention offers via online chat on their website for personal 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. This particular type of retention offer comes with the largest points bonuses for keeping your card open. 99% of the time, these retention bonuses are not negotiable. Ill admit, I havent given much thought to Choice Hotels Choice Privileges program in the past and usually stay in World of Hyatt or Marriott Bonvoy properties when I travel.
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