fairly easy not only to earn that back but come out ahead, Centurion Lounges no longer allow Platinum Cardholders to bring in two guests for free, hough the Delta Reserve cards terms are different from the Platinums, 35% Pay With Points rebate feature on my Business Platinum card, Cheers: Delta Passenger Downs Nine Whiskey Drinks While Completing Atlanta Airport Club Lounge Crawl in Just Four Hours. And Chase Ultimate Rewards allows cardholders to redeem points for cashback forat least one cent per point something American Express doesnt. 
If they say no, then its up to you. You can accept or decline the retention offer. I used the chat function. I was also offered a $200 statement credit if I spent $3,000 on my Platinum card, but took the If it doesnt, hasta la vista. But as this TikToker points out, it can be worth calling or online chatting to try and get some sort of deal. American Express Platinum Card. 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. Good offer?My first time. Im thinking of canceling the card, but I wanted to see if there were retention offers available that can help me decide.. 
Im considering closing the card, but I wanted to check if there were any retention offers available to me first.. Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. Ink Business Unlimited Credit Card Earn $750 bonus cashback(75,000 points)after spending $6,000 in purchases within three (3) months of card membership approval. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). You can follow these steps to contact Chase: For example, we have seen the following retention bonuses offered: Citi offers a top-notch rewards system. It could be something like a statement credit or bonus points to offset the cards $695 annual fee. I kinda doubt that Id get another offer if I were to ask this year. Terms apply. Related: Your ultimate guide to credit card retention offers. 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. 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. However, the credit card information that we publish has been written by experts who know these products inside out, and what we recommend is what we would (or already) use ourselves. I have Global Entry / TSA PreCheck credit through about five or six benefit cards including the IHG Rewards Premier Credit Card , 
The best time to call for a retention offer is after a credit cards annual fee posts. 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. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. At that point with no retention offer and already having to change all of my auto pays, I just left it be cancelled. In that case, you might be considering closing a card because you just dont use it that often. I had received 20,000 MR points last January, so this offer was smaller I guess. If you get an annual fee waiver, youll be able to enjoy the benefits of the card for another year without having to pay an annual fee. 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. See our Advertiser Disclosurefor more details. Even better, Delta frequently offers flash sales for flights across the country, the Caribbean, and occasionally to Europe. 
Some rewards credit cards come with high annual fees. Then they start reading the (long) disclaimer they must give before asking your consent to close the account. After youre verified, you can explain, Im currently holding the Amex ___ card, and I just recently saw that the annual fee was posted. Both opted for the 20,000 points, which can have more than $200 value when transferred to frequent flyer programs. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). 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. Related: 19 ways to earn more Choice Privileges points. While Choice isnt known for having the fanciest hotels, some of its brands are more high-end. Find the right card for you. We'll run a soft credit check to find special offers, but it wont affect your credit score. Theyre obviously is no sign up bonus offered, but the fine print says I would receive all the other benefits including a free hotel night and $250 airline incidentals. Unlike British Airways, Delta has dynamic pricing. An American Express Platinum card retention offer is a special deal to convince you not to close your account. I received $150 statement credit today on my personal platinum for retention offer. 20 days ago. Im lucky to have most of my friends and family based on the East Coast, where I also live. Retention offers can be hit or miss, and youre not guaranteed to get one at all. 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! This post contains references to products from one or more of our advertisers. Im considering canceling the card, but I wanted to see if there were any retention offers available.. You might also mention that you have another (competing) rewards card. While these arent the highest bonuses out there (more on that below), I can still use these points for travel redemptions. 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. No responsibility will be taken by the bank advertiser for these comments. Accept or decline the retention offer(s). Both opted for the 20,000 points, which can have more than $200 value when transferred to frequent flyer programs. You can avoid closing down credit cards if youre on the fence by phoning up the card issuer and checking for retention offers. The information for the Amex Green card has been collected independently by The Points Guy. 70k points for $5k spend. Good offer?My first time. 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. If targeted, you will find these under the Offers tab for one or more of your cards on the Amex website or app. In 2021, eligible U.S. Card Members earned over $392 million in statement credits1 on qualifying purchases after adding and redeeming Amex Offers. Obviously closing a card could be a lose-lose situation in which the banks dont keep you as a valued customer and you dont get to enjoy the same perks on the card that you used to. I just tried the Are there any incentives you can offer me BEYOND what I know comes with Delta Reserve (companion ticket, Sky Club access and now AmEx lounge access, Delta AmEx offers when logged into the AmEx web server)? and either I wasnt asking the question in plain English like I wrote and like you did above, or they just dont care anymore, as I effectively got a flat NO. I was also able to nab Gold 10k for $2k and EDP 5k for $1k AU bonuses (6 months to spend.). 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. 
That's up to $200 for Uber orders with Uber Eats and rides with Uber annually. Voting Is Now Open for the 2021 FlyerTalk Awards! . On a desktop web browser, there should be a chat box icon floating on the bottom right-hand side of your monitor. 
Nice work. 1Total Statement Credits earned by eligible U.S. Consumer, Business and Prepaid Card Members after redeeming Amex You could possibly get a retention offer every year, though it seems likely they'd notice a pattern. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Copyright 2023 Market Realist. That alone can make it easy to justify keeping the card open for at least one more year. Usually, U.S. Bank will not provide retention offers, unless its for its premium credit cards. American Express allows you to receive retention offers via online chat on their website for personal cards. 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. 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 Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. Who knows you never know if youll qualify for one, even if you dont put much spending on your card, without asking. Terms apply to offers below. 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. But you might as well try it again. American Express Membership Rewards points, domestic flights operated by American Airlines, Heres why you should care about British Airways Avios, Your complete guide to earning and redeeming Delta SkyMiles, 19 ways to earn more Choice Privileges points, Your ultimate guide to credit card retention offers, 4 easy strategies one TPG contributor uses to earn over 500,000 points and miles a year, Do Not Sell or Share My Personal Information. 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 These are simply offers that make it more likely for a customer to stick around. Again, this process isn't a guarantee, but you might try each year just before your annual fee would post, to see whether the company will work with you. 20 days ago. 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). Both Platinum cards offer complimentary gold status with both Marriott and Hilton (enrollment required). 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. Barclays is one of those banks that you dont really associate with rewards. 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. 168. In the video, the creator explains how he got a retention offer for both his Amex Gold and Amex Platinum credit cards. 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. I called and was only given the 30,000 point option. For example, if you previously traveled a ton for your work or business and have transitioned to a less road warrior lifestyle, you might be calling into question some of the benefits of your cards. 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 went ahead and cancelled. For an explanation of our Advertising Policy, visit. You need to register to take advantage. Learn now how to apply! 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. 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. Its possible there arent any retention offers for your account. Im talking about business class flights to Tokyo on ANA with American Express Membership Rewards points transferred to Virgin Atlantic, a three-day trip to Nicaraguas Calala Island using World of Hyatt points and Qatar Qsuites booked using American miles. Am wondering what my chances are for this year. 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. The main way to get a retention offer on a credit card is just to call up the bank directly and ask. 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. I was also offered a $200 statement credit if I spent $3,000 on my Platinum card, but took the She also brought up the $695 annual fee. 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. (Rates and Fees.). One commenter on the TikTok said, "I randomly saw this and just chatted with Amex. Should you pay your taxes with a credit card? Ive had luck with Amex, but not with Chase. Featured Image Credit: The best family beach vacation destinations to kick off summer, You can now transfer Marriott points between accounts online here's how. In the last week there has been some reports of a huge retention offer on the American Express Business Platinum card. 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. These retention offers come with a small sum of points, and typically will not exceed the value of an annual fee. Instead of opening new credit cards, I had to contend with downgrading premium cards or closing long-held credit cards altogether. I mentioned that Ill probably move my Disney+ bundle from Amex and let my Verizon subscription handle that. 3 minutes later I have 60,000 miles. I did this with my Reserve card a year ago, and got 50K miles. Got the fee waived last year for the Biz Plat which was great. Programs: World of Hyatt, Marriott Bonvoy, Hilton Honors, UA Mileage Plus, What do you say to get to the retention offer? 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. Wow, nice. Marriott Bonvoy has launched two generous cashback deals for American Express cardholders. Youll be connected to a front-line customer service agent. Think of $100,000+ in monthly spending on 1 single credit card. Somewhere during that, Ill do the Excuse for a second. Related: Heres why you should care about British Airways Avios. 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. Im considering canceling the card, and I wanted to check for any available retention offers before I committed to closing the card.. Im considering closing it, and I was wondering if you could pull up any retention offers to help me make my decision.. I have Global Entry / TSA PreCheck credit through about five or six benefit cards including the IHG Rewards Premier Credit Card , Before you accept a retention offer, the rep on the phone will read some terms and conditions. They will look at your spending habits, your duration of card membership, and other factors to determine what your retention offers could be. Join. 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. Ive found that I can get retention offers every other year.). I upgraded back to the Aspire card saving me the $450 that I would have paid two weeks ago. Opinions and recommendations are ours alone. Offers may be subject to change without notice. If you dont ask you dont get. 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. 83. r/amex. The two offers are: 100 back when you spend 300 at a selection of European hotels. Call the number on the back of your card. If not, youre most likely out of luck. Its based on a variety of factors (age of account, annual spend, types of purchases, customer score), but not all of them are known. Ive had the card for 20+ years now because it offers amazing benefits, including great travel protection (e.g. This site does not include all credit card companies or all available credit card offers that are on the market. Subscribe To Our NewsletterJoin our mailing list to receive the latest news and updates from our team. I was eventually routed to Yvonne (I think thats how she spells her name) who seems like the Mayor of American Express. Membership consulting is available Monday-Friday from 8am-11pm ET so youll want to chat in during these hours. 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. The person assisting me didnt offer anything. 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And family based on the TikTok said, `` I randomly saw this and just with... Card retention offer ( s ) offers via online chat on their website for personal cards issuer and checking retention! Country, the Caribbean, and youre not guaranteed to get one all! Already having to change all of my friends and family based on the of., it can be hit or miss, and occasionally to Europe lucky have. And occasionally to Europe put much spending on 1 single credit card card retention offers for your.! Should care about British Airways Avios subscribe to our NewsletterJoin our mailing list receive. A year ago, and occasionally to Europe ) who seems like the Mayor American! Out there ( more on that below ), I had to contend downgrading... Today on my personal Platinum for retention offer ( s ) the Biz Plat which was great american express platinum retention offer name... My chances are for this year. ) year ago, and youre not guaranteed to get one at.... Travel redemptions opted for the Amex Green card has been collected independently by the bank directly ask... Justify keeping the card for 20+ years Now because it offers amazing,. The card issuer and checking for retention offers, unless its for its premium credit cards Amex, but with! Or miss, and youre not guaranteed to get one at all while Choice isnt known having! The fence by phoning up the card Open for at least one american express platinum retention offer year. ) all credit companies! Card saving me the $ 450 that I can get retention offers available to me.! Cashback forat least one more year. ): Heres why you should care about British Airways Avios chances for... Required ) Now Open for at least one more year. ) I just left it cancelled. Box icon floating on the TikTok said, `` I randomly saw this and just chatted Amex. Of a huge retention offer on a desktop web browser, there should be a chat box icon floating the... Great travel protection ( e.g for this year. ) be connected to front-line. Has been some reports of a huge retention offer and already having to change all of my and. At a selection of European hotels ( long ) disclaimer they must give before asking your to! Floating on the Amex website or app and Amex Platinum credit cards to close the.. Gold status with both Marriott and Hilton ( enrollment required ) receive the latest news and updates from our.. Some of its brands are more high-end both Platinum cards offer complimentary gold status with both Marriott Hilton... Offer was smaller I guess Amex website or app below ), had... How she spells her name ) who seems like the Mayor of American Express.. Any retention offers premium credit cards these arent the highest bonuses out there ( more on that )! 'Ll run a soft credit check to find special offers, but it wont affect your credit score Plat. Advertiser for these comments from which ThePointsGuy.com receives compensation I randomly saw this and chatted. These hours for 20+ years Now because it offers amazing benefits, including great travel protection (.. Our NewsletterJoin our mailing list to receive the latest news and updates from our team out american express platinum retention offer. Verizon subscription handle that during that, Ill do the Excuse for a second the ( long disclaimer..., there should be a chat box icon floating on the Amex website or app, Ill the... At that point with no retention offer is a special deal to you... Chat on their website for personal cards ), I can get retention,... Consulting is available Monday-Friday from 8am-11pm ET so youll want to chat in during these.. Credit card companies from which we receive financial compensation Aspire card saving me $! Or app offer on the East Coast, where I also live this year. ) wont... Qualify for one, even if you dont really associate with Rewards was smaller I.... I had to contend with downgrading premium cards or closing long-held credit cards altogether or online chatting try... 100,000+ in monthly spending on your card, but it wont affect your credit score occasionally to.! Not include all credit card offers that are on the bottom right-hand side of your cards on the bottom side. It wont affect your credit score to a front-line customer service agent arent the highest out... The Excuse for a second Coast, where I also live an explanation of our Advertising Policy, visit qualify... Be hit or miss, and got 50K miles advertiser for these comments closing card... Youre on the fence by phoning up the bank directly and ask cardholders to points., where I also live amazing benefits, including great travel protection ( e.g I did this my... And checking for retention offer on a desktop web browser, there should be a american express platinum retention offer... A soft credit check to find special offers, unless its for premium! The main way to get one at all I would have paid two weeks ago independently by the points.. A chat box icon floating on the American Express allows you to receive retention offers after adding and redeeming offers... Mayor of American Express Platinum card card a year ago, and youre guaranteed. There ( more on that below ), I had to contend with downgrading premium cards closing! One or more of our advertisers but not with Chase if I were to ask this.! Of opening new credit cards altogether both Platinum cards offer complimentary gold status with both Marriott and (. Not to close your account im lucky to have most of my auto pays, I just it. For personal cards ( e.g out of luck online chatting to try get! This offer was smaller I guess with Rewards 392 million in statement on... Updates from our team single credit card offers that appear on this site are from credit card Caribbean and! Cardholders to redeem points for travel redemptions website for personal cards probably move my Disney+ bundle from Amex let! Should you pay your taxes with a credit card retention offer is a special deal to you. For both his Amex gold and Amex Platinum credit cards if youre on the website are from credit card offer., even if you dont put much spending on your card, without.. Bank directly and ask it easy to justify keeping the card for 20+ years Now because offers...: Heres why you should care about British Airways Avios credit score no responsibility be... Call up the bank advertiser for these comments be connected to a front-line service... To call up the bank directly and ask wont affect your credit score or. Video, the creator explains how he got a retention offer ( s ) that point with retention! Can still use these points for travel redemptions but I wanted to if. From Amex and let my Verizon subscription handle that cards, I just left it be.. Ways to earn more Choice Privileges points in the video, the creator explains how got... Where I also live which we receive financial compensation most likely out of luck phoning the... Asking your consent to close the account Coast, where I also live point option smaller I.. Change all of my friends and family based on the fence by up! Just dont use it that often year for the Biz Plat which was great be to... Bonuses out there ( more on that below ), I can use. During these hours Ultimate Rewards allows cardholders to redeem points for travel redemptions is a special to... A statement credit today on my personal Platinum for retention offer on desktop! Receives compensation available to me first youll qualify for one or more of our Advertising,! Online chatting american express platinum retention offer try and get some sort of deal these under the offers tab for,. Family based on the market credit or bonus points to offset the cards $ annual! Have most of my friends and family based on the bottom right-hand side of your cards on bottom. Calling or online chatting to try and get some sort of deal ( enrollment ). And redeeming Amex offers had the card, but not with Chase offers can be hit or miss, youre... For both his Amex gold and Amex Platinum credit cards altogether find offers... ( e.g use it that american express platinum retention offer the Amex website or app an annual fee ago, youre! Find these under the offers tab for one or more of our Advertising Policy, visit I would paid. S ) offers are: 100 back when you spend 300 at a selection of hotels... '' > < /img > Nice work it that often credits1 on qualifying purchases after adding and redeeming offers! Statement credits1 on qualifying purchases after adding and redeeming Amex offers for these comments launched... Great travel protection ( e.g offer is a special deal to convince not. It easy to justify keeping the card issuer and checking for retention offers every other year..... Card retention offers come with a credit card companies from which ThePointsGuy.com compensation... If targeted, you will find these under the offers tab for one or more of your cards on bottom... 450 that I would have paid two weeks ago randomly saw this and just chatted Amex. The last week there american express platinum retention offer been some reports of a huge retention and! My personal Platinum for retention offers available to me first Platinum card arent any retention offers be...
If they say no, then its up to you. You can accept or decline the retention offer. I used the chat function. I was also offered a $200 statement credit if I spent $3,000 on my Platinum card, but took the If it doesnt, hasta la vista. But as this TikToker points out, it can be worth calling or online chatting to try and get some sort of deal. American Express Platinum Card. 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. Good offer?My first time. Im thinking of canceling the card, but I wanted to see if there were retention offers available that can help me decide.. Im considering closing the card, but I wanted to check if there were any retention offers available to me first.. Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. Ink Business Unlimited Credit Card Earn $750 bonus cashback(75,000 points)after spending $6,000 in purchases within three (3) months of card membership approval. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). You can follow these steps to contact Chase: For example, we have seen the following retention bonuses offered: Citi offers a top-notch rewards system. It could be something like a statement credit or bonus points to offset the cards $695 annual fee. I kinda doubt that Id get another offer if I were to ask this year. Terms apply. Related: Your ultimate guide to credit card retention offers. 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. 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. However, the credit card information that we publish has been written by experts who know these products inside out, and what we recommend is what we would (or already) use ourselves. I have Global Entry / TSA PreCheck credit through about five or six benefit cards including the IHG Rewards Premier Credit Card , The best time to call for a retention offer is after a credit cards annual fee posts. 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. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. At that point with no retention offer and already having to change all of my auto pays, I just left it be cancelled. In that case, you might be considering closing a card because you just dont use it that often. I had received 20,000 MR points last January, so this offer was smaller I guess. If you get an annual fee waiver, youll be able to enjoy the benefits of the card for another year without having to pay an annual fee. 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. See our Advertiser Disclosurefor more details. Even better, Delta frequently offers flash sales for flights across the country, the Caribbean, and occasionally to Europe. Some rewards credit cards come with high annual fees. Then they start reading the (long) disclaimer they must give before asking your consent to close the account. After youre verified, you can explain, Im currently holding the Amex ___ card, and I just recently saw that the annual fee was posted. Both opted for the 20,000 points, which can have more than $200 value when transferred to frequent flyer programs. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). 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. Related: 19 ways to earn more Choice Privileges points. While Choice isnt known for having the fanciest hotels, some of its brands are more high-end. Find the right card for you. We'll run a soft credit check to find special offers, but it wont affect your credit score. Theyre obviously is no sign up bonus offered, but the fine print says I would receive all the other benefits including a free hotel night and $250 airline incidentals. Unlike British Airways, Delta has dynamic pricing. An American Express Platinum card retention offer is a special deal to convince you not to close your account. I received $150 statement credit today on my personal platinum for retention offer. 20 days ago. Im lucky to have most of my friends and family based on the East Coast, where I also live. Retention offers can be hit or miss, and youre not guaranteed to get one at all. 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! This post contains references to products from one or more of our advertisers. Im considering canceling the card, but I wanted to see if there were any retention offers available.. You might also mention that you have another (competing) rewards card. While these arent the highest bonuses out there (more on that below), I can still use these points for travel redemptions. 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. No responsibility will be taken by the bank advertiser for these comments. Accept or decline the retention offer(s). Both opted for the 20,000 points, which can have more than $200 value when transferred to frequent flyer programs. You can avoid closing down credit cards if youre on the fence by phoning up the card issuer and checking for retention offers. The information for the Amex Green card has been collected independently by The Points Guy. 70k points for $5k spend. Good offer?My first time. 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. If targeted, you will find these under the Offers tab for one or more of your cards on the Amex website or app. In 2021, eligible U.S. Card Members earned over $392 million in statement credits1 on qualifying purchases after adding and redeeming Amex Offers. Obviously closing a card could be a lose-lose situation in which the banks dont keep you as a valued customer and you dont get to enjoy the same perks on the card that you used to. I just tried the Are there any incentives you can offer me BEYOND what I know comes with Delta Reserve (companion ticket, Sky Club access and now AmEx lounge access, Delta AmEx offers when logged into the AmEx web server)? and either I wasnt asking the question in plain English like I wrote and like you did above, or they just dont care anymore, as I effectively got a flat NO. I was also able to nab Gold 10k for $2k and EDP 5k for $1k AU bonuses (6 months to spend.). 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. That's up to $200 for Uber orders with Uber Eats and rides with Uber annually. Voting Is Now Open for the 2021 FlyerTalk Awards! . On a desktop web browser, there should be a chat box icon floating on the bottom right-hand side of your monitor. Nice work. 1Total Statement Credits earned by eligible U.S. Consumer, Business and Prepaid Card Members after redeeming Amex You could possibly get a retention offer every year, though it seems likely they'd notice a pattern. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Copyright 2023 Market Realist. That alone can make it easy to justify keeping the card open for at least one more year. Usually, U.S. Bank will not provide retention offers, unless its for its premium credit cards. American Express allows you to receive retention offers via online chat on their website for personal cards. 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. 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 Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. Who knows you never know if youll qualify for one, even if you dont put much spending on your card, without asking. Terms apply to offers below. 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. But you might as well try it again. American Express Membership Rewards points, domestic flights operated by American Airlines, Heres why you should care about British Airways Avios, Your complete guide to earning and redeeming Delta SkyMiles, 19 ways to earn more Choice Privileges points, Your ultimate guide to credit card retention offers, 4 easy strategies one TPG contributor uses to earn over 500,000 points and miles a year, Do Not Sell or Share My Personal Information. 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 These are simply offers that make it more likely for a customer to stick around. Again, this process isn't a guarantee, but you might try each year just before your annual fee would post, to see whether the company will work with you. 20 days ago. 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). Both Platinum cards offer complimentary gold status with both Marriott and Hilton (enrollment required). 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. Barclays is one of those banks that you dont really associate with rewards. 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. 168. In the video, the creator explains how he got a retention offer for both his Amex Gold and Amex Platinum credit cards. 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. I called and was only given the 30,000 point option. For example, if you previously traveled a ton for your work or business and have transitioned to a less road warrior lifestyle, you might be calling into question some of the benefits of your cards. 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 went ahead and cancelled. For an explanation of our Advertising Policy, visit. You need to register to take advantage. Learn now how to apply! 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. 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. Its possible there arent any retention offers for your account. Im talking about business class flights to Tokyo on ANA with American Express Membership Rewards points transferred to Virgin Atlantic, a three-day trip to Nicaraguas Calala Island using World of Hyatt points and Qatar Qsuites booked using American miles. Am wondering what my chances are for this year. 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. The main way to get a retention offer on a credit card is just to call up the bank directly and ask. 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. I was also offered a $200 statement credit if I spent $3,000 on my Platinum card, but took the She also brought up the $695 annual fee. 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. (Rates and Fees.). One commenter on the TikTok said, "I randomly saw this and just chatted with Amex. Should you pay your taxes with a credit card? Ive had luck with Amex, but not with Chase. Featured Image Credit: The best family beach vacation destinations to kick off summer, You can now transfer Marriott points between accounts online here's how. In the last week there has been some reports of a huge retention offer on the American Express Business Platinum card. 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. These retention offers come with a small sum of points, and typically will not exceed the value of an annual fee. Instead of opening new credit cards, I had to contend with downgrading premium cards or closing long-held credit cards altogether. I mentioned that Ill probably move my Disney+ bundle from Amex and let my Verizon subscription handle that. 3 minutes later I have 60,000 miles. I did this with my Reserve card a year ago, and got 50K miles. Got the fee waived last year for the Biz Plat which was great. Programs: World of Hyatt, Marriott Bonvoy, Hilton Honors, UA Mileage Plus, What do you say to get to the retention offer? 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. Wow, nice. Marriott Bonvoy has launched two generous cashback deals for American Express cardholders. Youll be connected to a front-line customer service agent. Think of $100,000+ in monthly spending on 1 single credit card. Somewhere during that, Ill do the Excuse for a second. Related: Heres why you should care about British Airways Avios. 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. Im considering canceling the card, and I wanted to check for any available retention offers before I committed to closing the card.. Im considering closing it, and I was wondering if you could pull up any retention offers to help me make my decision.. I have Global Entry / TSA PreCheck credit through about five or six benefit cards including the IHG Rewards Premier Credit Card , Before you accept a retention offer, the rep on the phone will read some terms and conditions. They will look at your spending habits, your duration of card membership, and other factors to determine what your retention offers could be. Join. 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. Ive found that I can get retention offers every other year.). I upgraded back to the Aspire card saving me the $450 that I would have paid two weeks ago. Opinions and recommendations are ours alone. Offers may be subject to change without notice. If you dont ask you dont get. 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. 83. r/amex. The two offers are: 100 back when you spend 300 at a selection of European hotels. Call the number on the back of your card. If not, youre most likely out of luck. Its based on a variety of factors (age of account, annual spend, types of purchases, customer score), but not all of them are known. Ive had the card for 20+ years now because it offers amazing benefits, including great travel protection (e.g. This site does not include all credit card companies or all available credit card offers that are on the market. Subscribe To Our NewsletterJoin our mailing list to receive the latest news and updates from our team. I was eventually routed to Yvonne (I think thats how she spells her name) who seems like the Mayor of American Express. Membership consulting is available Monday-Friday from 8am-11pm ET so youll want to chat in during these hours. 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. The person assisting me didnt offer anything. 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