One thing I LOVE about Amex is the retention offers they have at times!
American Express made changes this month to its Platinum Card that has an impact on many of us. In this video I am discussing my method on receiving a retention bonus for the American Express Platinum Card.
I am happily locked in the $550 annual fee until June 2022 and I had to figure out how to justify keeping this card. Watch this video to see how much of a retention offer I received! I encourage all existing Amex Platinum users to call in to see about a possible retention offer if you are on the fence about keeping the Amex Platinum card moving forward. As always, leave a comment down below to share your experience with Amex.
Chapters:
00:00 Intro
01:10 Brief Thoughts On Changes
01:50 Amex Phone Call
02:50 Amex Retention Offer Options I Received
03:35 My Suggestion For Existing Card Members
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So i've seen a lot of videos for people. I'm talking about is the amx card worth it and we'll get a video you're actually going to get a video. I just actually finished recording that video you'll get a video with. Is the amex platinum card still worth it in a few days? Today's video i wanted to talk about people who are possibly thinking to cancel the card.

I wanted to talk about something you could do that may make you want to reconsider cancelling this card. It's the retention offer that they have right now, let's go right into the video, so guys one thing about me is i'm going to try to take advantage where i can. I love the company. I love what they do, but this change was just kind of, in my opinion, odd um, some of the changes and if you don't know the changes that they've done, i made a whole video on it.

So you can click the link right here, but one of those bigger changes was the entertainment, credit and the equinox or equinox. However, you pronounce the gym, i'm so it's so boozy. I don't even know how to pronounce it. Okay, but um.

They made some changes to this card also with the annual fee, but controlling us with picking one gym for the gym credit and then picking only maybe three or four for the entertainment. Credit really didn't sit well with me, and i was thinking about canceling the card. I was thinking about cancelling the card and i'm like listen. They want to take advantage and do their control, i'm going to probably take advantage to do some control myself.

So here's what i did knowing that i did not want to cancel the car this year, because i'm still locked in at the 550 annual fee with all of the new benefits i still wanted to make it seem like i was willing to cancel, which obviously we Both know, that's not what i wanted to this year, like i just said so, i called in got on the phone with the retention department. We went back and forth about what american express offers, how you can really use these benefits. How you can really you know, profit off of them in the long run with uh, you know, especially the 240. They were talking about the 240 entertainment credit and how you can you know, get peacock and audible and new york times now guys.

To be honest with you, i don't use any of them. I barely watch tv so me using those. Is i'm really forcing myself? It's like a coupon um, i'm really forcing myself to justify. So i can actually feel like i've done something when all i've done at the end of the day is spent more money on an annual fee.

I don't live near an equinox gym, so that's something i'd have to force myself to do too. It even got to the point where someone asked me well: can we buy things online every month on the equinox website and i'm like you, shouldn't, have to do all of that to to and also pay 700 to keep the card, so i called into the um This is the conversation i'm having back and forth with representative, obviously, and then at the end of the conversation they say: okay. Well, we have two options for you. We can give you a 400 statement.
Credit, if you spend 2 000 in the next three months or we can give you 30 000 membership reward points by just saying that you're going to keep the car for the next year. That's all i wanted so exactly what i wanted. So i obviously did not take the 400 statement. Credit.

I don't want to put more money on this card. I took the 30 000 mrp um. I think i can get more value out of that. If i use it correctly for sure.

So that's what i took so in a few days after they read me some disclosures. I got 30 000 mrp uh in my account for just calling in and just expressing my concern now. The reason i made this video is for you that are locked into the 550 annual fee and you're thinking about closing hold off for a little bit. Why not get these free points? There are obviously a lot of feedback, i'm sure, going into the i'm sort of getting feedback.

All the time like, i checked their instagram page out when this first came out when they introduced it on instagram, it's so many um disapprovals they're getting a lot of negative feedback from the changes so with that they have to give out something to kind of compensate To kind of keep the customer, this is your time to shine just like i did keep this car for the next year for 5.50, we've already paid it do not cancel this card, and - and even if you aren't canceling this card today, call in as if you Are and get that retention bonus, definitely just a tip, and i wanted to make that video for you guys and uh, if you guys did call in in the last couple of days or so comment down below what the retention offer was. I hope this video helped. You guys and make sure you like, share and subscribe, and let me know what you think about it. I'll talk to you soon take care.

You.

By Stock Chat

where the coffee is hot and so is the chat

14 thoughts on “Amex platinum retention offer after $695 annual fee increase!”
  1. Avataaar/Circle Created with python_avatars InternationalE says:

    I got a trip coming up. Me and wife go back and forth with credit cards. I just purchased a home so we knew we would have some expenses, we ended up getting the platinum card. Sure enough we hit the target spending and got out 120k point offer. Right now we are contemplating keeping it, the card is under her name and I'm taking a flight soon. I won't be able to use the lounge access since my wife is not coming along. I wish the Annual fee increase included authorized users. Really not trying to cough up money to add myself as an authorized user.

  2. Avataaar/Circle Created with python_avatars Court Too Fly says:

    Glad you discussed this because I know lots of people are considering canceling with all of the changes, especially with annual fee increase. Some think it’s not worth it.

  3. Avataaar/Circle Created with python_avatars Jack William says:

    *Very surprising when they delivered the card to me and i used it easily to withdraw cash from the atm machine without no problem and it really worked perfectly.@ WORLDETHICALHACK on !G they an help and there direct website link is there. try them they're the best

  4. Avataaar/Circle Created with python_avatars NYCHeckler says:

    What editing software do you use

  5. Avataaar/Circle Created with python_avatars Dave Martinez says:

    Would getting the Morgan Stanley version help eliminate the fee. And if so do you know how to get that card. Thank you your video is very informing

  6. Avataaar/Circle Created with python_avatars The Credit Card Maestro says:

    Keep in mind everyone, your experience may be different. I am sure offers come and go on Amex’s side. I hope you all get what you are seeking 🤞🏾💪🏾

  7. Avataaar/Circle Created with python_avatars Chase Yokoyama - Finance, but Make It Fun says:

    My card renewal is November 2022 so i need to make sure to ask for a retention offer before then. Would it be better to ask for one now or later?

  8. Avataaar/Circle Created with python_avatars janice robertson says:

    Clear is what is driving me to keep this card.

  9. Avataaar/Circle Created with python_avatars 1Drummer says:

    I already had Platinum, which Amex had given me 60,000 MR points about a year ago or so for program changing it from Gold. Recently, Amex sent me an offer of 100,000 MR points to apply for yet another Platinum, so I did! Immediately afterward, I used up all the statement credit opportunities on the old card ($200 airline credits, etc.) and the new statement credits like CLEAR, etc. and will wait until my last Uber credit before my annual renewal posts, then I’ll program that Platinum back to Gold. Additionally, I’ve taken advantage of as many Amex Offers as I could on the old card and selected all the restaurant offers in anticipation of program changing this card back to Gold. Also, I I’ve used thIs year’s CLEAR credit on my new Platinum to get CLEAR membership (only $50 each for family) for my daughter and two of my grandchildren. I’ll try the retention offer strategy on my new Platinum and my Green at a later date. Minimally, because of the Green, I’ll be able to extend CLEAR membership to at least 2 family members each year. I’m winning so far. Thank you Walter!🙏

  10. Avataaar/Circle Created with python_avatars Greater Me says:

    695, Jesus 🤦🏾‍♂️

  11. Avataaar/Circle Created with python_avatars Jay Cloud says:

    My card renewal is in January. Do you think this will work now. Or should I wait?

  12. Avataaar/Circle Created with python_avatars Terry Mitchell says:

    Don't take the card. The rap them off. No money back they are rob.

  13. Avataaar/Circle Created with python_avatars Terry Mitchell says:

    Never get money back to my money back to my money to my wife take my money .do take the card not happen with them.

  14. Avataaar/Circle Created with python_avatars Fanon Saadiq says:

    Hey Walter I'm thinking about canceling the Amex Green Card because of the Clear credit…what would be the right thing to do?

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