Reports are coming in of American Express offering generous retention bonuses for cardholders with an annual fee due. Whenever you have an annual fee due it’s always a good idea to call in to see if the card issuer will offer you something for keeping the card, we’ve discussed retention bonuses in depth before here. Obviously this is done on a case by case basis, but it looks like the back end that shows what offers representatives are allowed to offer is being more generous than normal. Some offers include:
- $500 statement credit on Ameriprise Platinum
- $150 for business gold
- 30,000 Membership Rewards Points for Business Platinum (5,000 points instant, 25,000 points after $5,000 in spend within 90 days)
- $100 statement credit on Business Platinum
- $300 or 40,000 points on Platinum
- 10,000 Membership Rewards after $1,500 in spend
When calling in it’s usually a good idea to have a reason why you want to cancel the card. American Express has increased the annual fees on a lot of cards recently, there has also been issues with the Uber Platinum credit as well.
