Closing AmEx PRG during the first year?
Mar 16, 2018, 7:06 am
#17
Suspended
Original Poster
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 4,412
Mar 16, 2018, 7:11 am
#18
Join Date: Aug 2007
Location: Truth or Consequences, NM
Programs: HH Diamond, Marriott Titanium, Hertz President's Circle, UA Silver, Mobile Passport Unobtanium
Posts: 6,194
Mar 16, 2018, 7:11 am
#19
Suspended
Original Poster
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 4,412
This seems the sensible way to manage it. Or you like to risk something.... If you get 500,000 MR points in your account.
Mar 16, 2018, 7:34 am
#20
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,958
Mar 16, 2018, 7:51 am
#21
Suspended
Original Poster
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 4,412
Mia, I think you just missed the point of this discussion. It is not if you can or can't. It is about if you should or should not. Some of the AmEx cards have the first year AFs waived. It just looks back to AmEx if you cancel right away and won't pay a single AF.... So the clawback concerns.
Mar 16, 2018, 7:58 am
#22
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,958
Nope. I do not know how to make it any clearer. There is no evidence that there is any downside to cancelling to avoid paying the first renewal fee. It makes no difference whether the original annual fee was waived or paid.
Last edited by mia; Mar 16, 2018 at 8:34 am
Mar 16, 2018, 8:23 am
#23
Join Date: Sep 2011
Posts: 1,857
Mia, I think you just missed the point of this discussion. It is not if you can or can't. It is about if you should or should not. Some of the AmEx cards have the first year AFs waived. It just looks back to AmEx if you cancel right away and won't pay a single AF.... So the clawback concerns.
Note that there is no mention of annual fees anywhere in that sentence. If the card in question had no Annual Fee the first year, you can cancel after paying nothing without worry. As long as you held the card for one year.
Mar 16, 2018, 9:05 am
#24
Suspended
Original Poster
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 4,412
That is what this discussion is about. Like to hear all the voices.... Hope this is the case and we do not risk anything.
Mar 16, 2018, 10:12 am
#25
Join Date: May 2015
Location: LAX, BUR
Programs: AS,AA,JB, HH Gold, Starriott Titanium Elite, Hyatt Explorist, Global Entry
Posts: 1,933
You should educate yourself as to how Amex works. There is an offer to add AUs for 5K MRs ea up to 20K.
There are Amex offers throughout the year that can be profitable in earning MRs and cashback.
Taking the SUB (sign up bonus) approach and then dump the card is shortsighted.
Your question was answered three weeks ago and you're stuck on it.
There are Amex offers throughout the year that can be profitable in earning MRs and cashback.
Taking the SUB (sign up bonus) approach and then dump the card is shortsighted.
Your question was answered three weeks ago and you're stuck on it.
Mar 16, 2018, 10:17 am
#26
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,958
The original question asked about closing the card during the first year. That creates a risk of adverse action.
Now, the question is about closing the card when the renewal fee has been billed, which is after the first year. This poses no documented risk.
Now, the question is about closing the card when the renewal fee has been billed, which is after the first year. This poses no documented risk.
Mar 16, 2018, 11:01 am
#27
Join Date: Nov 2013
Location: PHX, SEA
Programs: Avis President's Club, Global Entry, Hilton/Marriott Gold. No more DL/AA status.
Posts: 4,422
Okay that was not clear to me yesterday. Understanding now that you've had the card close to a year, my previous statement encouraging you to keep it open is no longer accurate. If you've had the card 10,11,12 months then you should be fine closing it.
Mar 16, 2018, 12:05 pm
#28
Suspended
Original Poster
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 4,412
You should educate yourself as to how Amex works. There is an offer to add AUs for 5K MRs ea up to 20K.
There are Amex offers throughout the year that can be profitable in earning MRs and cashback.
Taking the SUB (sign up bonus) approach and then dump the card is shortsighted.
Your question was answered three weeks ago and you're stuck on it.
There are Amex offers throughout the year that can be profitable in earning MRs and cashback.
Taking the SUB (sign up bonus) approach and then dump the card is shortsighted.
Your question was answered three weeks ago and you're stuck on it.