This is the most generous retention offer I’ve ever encountered.
Today I called Amex to see if there was any retention offer on my Aspire card, since I barely used the benefits this year. There was a marginal offer of 10k Hilton points with no spend required, which I value at around $50 now that Hilton improved points value. But that’s not why I’m writing this post.
I asked if there was any offer on my other cards. I had opened a Platinum card last month with the now-famous 100k bonus and 10x earning on grocery and gas. On this very card, the agent found a “retention” offer for 50,000 Amex Membership Reward points or $500, with no spend required. The only stipulation was that I keep the card for a year from today’s call. Nowadays you shouldn’t cancel or downgrade your card within a year of approval or you risk losing the signup bonus. This offer means I must keep the card for one more month – a condition I happily accepted.
There had been recent reports of this generous offer; what’s interesting is that it can be available on new cards. Feel free to check if you have it on your cards.
There was no retention offer on my no-annual fee cards.