DCEsquire

Any reason not to cancel this card. Mostly had it for the Centurion Lounge benefit. I can't see taking advantage of that anytime soon. Any concerns about cancelling and maybe rejoining. Do they pro -rate your membership fee as a refund or is that toast.

Thanks.

cfabar1

Saks Credit?
Uber Credit?
Amex Offers?

I believe they no longer pro-rate annual fees. I know Amex used to, but my understanding is they have abandoned the practice.

My renewal is in November. I may ask to downgrade to the Gold Card at that time unless things significantly change. I have oscillated between Gold & platinum throughout the years.

LondonElite

Isn’t cancelling and rejoining more hassle than the few bucks it costs? I do believe you are given a prorated refund of the AF.

kdm31091

I don't think you get a prorated refund anymore, which means there is no benefit to cancelling until the next fee posts.

Diplomatico

Your annual fee will be refunded if you cancel within 30 days of the closing date of the statement upon which the fee appears. It will be pro-rated if you downgrade to a different card at any time.

Certainly not worth $550 for those benefits alone.

Gig103

If all you care about are the lounges, then there's probably no reason for you to not cancel the card. But since there is no prorated membership fee on USA cards. you might as well hold onto it and see if you are offered a retention bonus when it is time for renewal. Or you could consider trying to downgrade to a Gold card for the remainder of your year.

I have reasons to not get rid of the card; I still use Uber & Saks, I have a December trip through Platinum travel, and it's not even May.

I can understand not applying a face value on those credits, but how much do you value them? What portion of the $550 do you assign as value towards the lounges? My point is that if I think of the credits as being worth $250, I then ask myself if it's worth a cancellation/downgrade over $300, or $25/mo for the months I'm not using the lounge or other credits. To me, the relationship and extended warranty on products purchased in the past 2 years are worth that price for the one year I didn't "make money" on Amex. I also remember that the when the international airline program was BOGO, I saved $4000 ($7000 face value, but I compare to what two non-ref biz tickets would have cost) on a trip to Australia.

mia

Without regard to any other considerations, do not close any American Express (USA) card account until it is a full 12 months old, else you risk being disqualified for future bonuses on other cards.

shoeflyer

You can still get a prorated refund of the annual fee for an AMEX card if you have another AMEX card still open at the time
of the cancel request and you contact them manually to request this. I was able to do this via chat in November. Reference
post on doctorofcredit.com:

https://www.doctorofcredit.com/get-a...anual-request/

mia

Discussion here: Bye Bye pro-rated Annual Fee refunds (USA), September 2016, exceptions reported.

DCEsquire

I've had the card for a couple years. I was great when I traveled a lot. Great hotel benefit and my wife and I got great upgrades but I don't see us taking many trips in the next year or two (at least by plane) so the hotel benefit and lounge benefit are of limited utility. I sure am not taking Ubers until I can be sure me and my family are safe. I just wouldn't want to disqualify from reaapplying. I do have a Macy's amex and a Bonvoy Amex (which is my primary card .... although that might be under reconsideration).

Has anyone tried to cancel and gotten a retention bonus. I would imagine people are probably cancelling these things in droves now given the high cost and inability to redeem the benefit.

notquiteaff

https://www.flyertalk.com/forum/amer...offers-21.html

lots of data points, but they are all/mostly from people who call when the AF is due. I take it from your first post that your card renewal date isn’t imminent?

mia

Yes, see here: https://www.flyertalk.com/forum/amer...on-offers.html

Note that Macy's is an Amex-network card, mot issued by American Express. It has no bearing on your relationship.

anaugle

Anyone have any success getting them to reduce the fee at renewal? Since most of the benefits are worthless right now without travel -- FHR, Airline reimbursement, lounge access, Uber, etc.?

mia

Rlease see this thread: https://www.flyertalk.com/forum/amer...on-offers.html

grant15

Unrelated question, but does anyone know how the fees work for additional card members? My card member anniversary is in June, and my additional card member fee posted in March. I paid it then, but am now considering cancelling or downgrading when the annual fee hits. Is there any sort of refund for the additional card member fee I already paid? I searched and couldn't find anything.