Called in today to cancel my Dec 2010 PR Gold card. Stated that I didn't really use the benefits and reluctant about the annual fee (both true really). About $18k of spend on it this year. No retention offer made or specifically requested. I think the rep noticed I had 4 other amex cards including Plat and just let me go :)
With the Plat, SPG, and Chase sapphire preferred I think I'll be fine. Though AMEX should probably be concerned about the sapphire preferred - that card is quite competitive compared to the Gold cards. |
Originally Posted by MrPink
(Post 17739463)
Called in today to cancel my Dec 2010 PR Gold card. Stated that I didn't really use the benefits and reluctant about the annual fee (both true really). About $18k of spend on it this year. No retention offer made or specifically requested. I think the rep noticed I had 4 other amex cards including Plat and just let me go :)
With the Plat, SPG, and Chase sapphire preferred I think I'll be fine. Though AMEX should probably be concerned about the sapphire preferred - that card is quite competitive compared to the Gold cards. Can your points be retained or transferred to other cards? |
Originally Posted by samwkchan
(Post 17742659)
Can your points be retained or transferred to other cards?
http://www.membershiprewards.com/cat...NTCANCELLATION
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FYI - despite what Social Media wrote me, over the phone they offered a statement credit of $50 or 7,500 DL miles. Given my value on DL miles, I took the $50 ;-)
Originally Posted by daveland
(Post 17739221)
Has the tide turned in favor of calling being the best way to try for retention credit again? The last couple of years a Secure Message using the Social Media subject seemed the way to go, but after receiving this gem of a reply to my Secure Message, that appears no longer the case:
Although we appreciate your loyalty we do not issue any type of compensation for the Membership fee. We do however offer Cards that have no fee at all. Perhaps one of those would suit your needs better. Please visit americanexpress.com to view our fee free products. -- Noting of course I've received such "compensation for the Membership fee" nearly all of the 10 years I've had my business cards with them (there were a few years they didn't grant when spend was low). I also get truly agitated by replies like this - anyone at Amex can see I've been issued these credits before, so why lie and say they don't exist? |
offered $200 or 25,000 MR points
Originally Posted by Cannae
(Post 17734589)
Received the option of 50,000 miles or $400 each of which is the "maximum retention bonus" I was informed. ~$100k/yr in spend on Amex Platinum. Member since '06
I didn't even know about the retention bonuses. We called to cancel the Plat. Amex as we though that we would not use the benefits too much this year. Upon learning that we would not get a prorated refund on the yearly fee we took the points as they have a stronger dollar value for me over the statement credit. (Hoping they have a point special on a gift card I use soon to maximize that even further) |
Originally Posted by poortripplanner
(Post 17774808)
...we would not get a prorated refund on the yearly fee ...
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Originally Posted by mia
(Post 17774830)
If this is a personal or Business card issued in the USA the pro rated refund would have been issued automatically. If the CSR told you otherwise I think there was there was a misunderstanding.
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Originally Posted by poortripplanner
(Post 17774919)
...more than three months after our renewal period that we wouldn't have gotten anything anyway.
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Originally Posted by mia
(Post 17775017)
I have not previously heard of any such rule, but such things do change. It is possible that American Express is protecting itself against people who cash out the airline fee refund benefit and then cancel. For information, I received a prorated refund in the 11th month of membership, and it was paid by check.
I can't be sure she is actually correct, as since I kept it. I would say your experience otherwise would probably prove she was, in fact, wrong. Thanks for the info. |
Depends on the explanation whether they'll pursue your retention.. When my wife cancelled her gold card, and our explanation was because she upgraded to a Platinum card already, no effort was made to retain us here in Canada..
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Originally Posted by daveland
(Post 17747129)
FYI - despite what Social Media wrote me, over the phone they offered a statement credit of $50 or 7,500 DL miles. Given my value on DL miles, I took the $50 ;-)
How I love AmEx! |
I called to cancel my Rewards Plus Gold Card. I've had it since 2008. I cancelled it primarily because Membership Rewards no longer allows transfers to OnePass due to the United merger. I also cancelled it because tow year after I got the card, they cancelled the double miles for gas and groceries. Technically it was a promotion but it was alwasy renewed. So they expected me to pay $25 more to upgrade to the Premier Rewards retain double miles for gas and groceries? Homey don't play that.
I called to cancel and the nice rep, first tried to get me to change to a Zync card. I said because Zync inlcudes the basic tier of Membership Rewards which doesn't allow transfers to partners. Then she offered me a $50 courtesy credit which would have bought the annual fee down to $100. I still cancelled because I applied and was approved for a Chase Sapphire Preferred which carries only a $95 annual fee and still allows transfers to OnePass (soon Mileage Plus). |
Amex Retention Offer - Declined.
Have AMEX Plat, called to cancel recently because of $450 fee. Spent ~350K last year. Got retention offer of 50,000 MR points last May and thus denied a retention for now.
They interestingly told me to call back once it has been one year to rediscuss. That means 4 more months.. |
Originally Posted by airplanepeanuts
(Post 17872424)
Have AMEX Plat, called to cancel recently because of $450 fee. Spent ~350K last year. Got retention offer of 50,000 MR points last May and thus denied a retention for now.
They interestingly told me to call back once it has been one year to rediscuss. That means 4 more months.. That said, good luck, the $450 is charged and gladly paid by MANY users of this card. |
Originally Posted by Cannae
(Post 17734589)
Received the option of 50,000 miles or $400 each of which is the "maximum retention bonus" I was informed. ~$100k/yr in spend on Amex Platinum. Member since '06
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