Last month I was issued a retention offer on my platinum card of 50,000 reward points or I could take a $500 statement credit I opted for the 500 statement credit yielding only an annual fee total cost of $195. That was an exceptional win
P2 has both Platinum personal and business. The AF hits on November, but called and asked to downgrade the personal Platinum and was offered 50k MRs for $4k spent in 3 months which is easy for us. may be because the AF isn't due yet.
Moved to Australia from the US so I cancelled my gold, bus gold, and Charles Schwab plat. I decided to keep my last personal plat. I was offered a retention offer for the bus gold which was $15k spend in 3 months for 75k points? I believe - rejected the offer
funny im 0 for 3 with retention offers and give them 6 figure spend each year. I will be cancelling 5 of 7 card over the next rolling 12 months starting this week.
I spent a lot with that card and reached the conclusion that they don’t value the spend. I had kept the card, despite 1X on most spend, because I got that value back on retention offered. I considered that a quid pro quo. Once they didn’t, I flushed the card.
Just a thought, if you havent done it, would it make sense for there to be almost no activity on the card over a long period of time in order for the system to trigger the retention offer.
@@panama2468 idk. but today they want to give a 3rd business gold for 100k and a second biz plat for 175k. amex makes no sense. been with them for 30 years and nothing has really changed.
So you can have multiple Platinum cards on the personal side? I knew that could have a Schwab and Classic on the personal side and different Platinum cards for each business up to 10 total.
The card I really want is the Amex Business Plat, there's an offer for 250K points. But man it requires $20K spend in 3 months. ☠ I can't meet that sort of spend lol
I was able to upgrade my gold card to a platinum card with a 50k bonus offer after spending 2k witching 6 months just over the weekend. I will be getting my new card this week as I had to get some dental work done where I will hit my spending mark. When I got my gold. Card I did get a 90k offer originally. So I still have that plus what I will get from the new offer with the new card
Mark, you mentioned 6:33 that havIng multiple Platinums isnt worth it for active duty? Why is that? Its waived for us and we got to utitlize all the credits for free!
Great video as always. Your experience only reinforces my belief that AMEX is trying to avoid giving retention offers as I am sure more and more people are trying to get them since the increased annual fee. I have not received a retention offer in 2 years. The only thing offered to me 3 years ago was a bump in the value of my points when using them to pay my annual fee which I declined. I feel like they are not offering me a points bonus for spend because based off my annual spend it would be too easy? Have you or anyone else seen any data points out there to support this theory?
So you got 3 personal platinum cards without the sign up bonus? Have you done this with other ecosystems, where it’s possible to have multiple premium cards?
Hey Mark - Can you create a video on AAA Daily Advantage Visa Signature? 5% on Groceries - may be live online application the way you always do if you feel like getting it? I applied but got a message 10-14 days - called the numbers but no avail. btw Got approved for Cash+ visa signature CC with 789 EQ score 15K - your past videos were extremely useful. Love your programs
Thanks for the suggestion! Perhaps at some point, but it's not on the priority list at the moment. Congrats on your approval for the U.S. Bank Cash+ card 💯
hi mark, pls i need your help, i am based in dubai, i have my ein and itin and i wanna apply for a usa amex . pls can u make a video about pls i need guidance thanks
The offers mentioned on this channel are often for US residents only (that's a requirement to get the Amex Platinum Card offer in the US). I'm not aware of a way to get the US version in Dubai.
Thanks for the tips. I'll try for a retention offer on my Platinum card soon. Amex changed the rules within months of my getting the Platinum, my first Amex card, so now I can't get SUBs on lesser Amex cards. Grrrr. A decent retention offer would help a little. I'd like to keep the card for lounge access.
It could...or it could not. It's not a matter of if Card XYZ has offers, it's a matter of if your individual account is targeted for one. The only way to know is to contact Amex and ask.
Awesome video and great info. I have a Amex BPC and my annual fee is coming up next month and im really debating to downgrade the card because im running most transactions through my Hilton card. I've had the BPC for 11 months, will Amex frown apon me for doing the downgrade to the no AF card? TIA. Cheers!
@@MarkReese Did you opened them with sign up bonus or upgraded Gold or Green cards? Just curious, because I see all the time "once in a lifetime" sign up bonus.
Hey Mark , really nice video ! I was wondering if I could help you with more Quality Editing in your videos , make a highly engaging Thumbnail and also help you with the overall youtube strategy and growth to grow your channel ! Pls let me know what do you think ?
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The offer I got was either a $350 credit statement or 35k points for $4k spend in 3 months.
I got the 35k points for $4k spend in 3 months offer, then the following week my AC unit had to be replaced. So at least I achieved that spend fast!
I just did what you recommended this morning. They gave me a 50,000 point redemption after $4000 spend in 3 months. Needless to say I took it!!
Fantastic offer, congrats!
I received the same but was also offered an instant $500 statement credit instead of the points so I took that
Cancelled my card today. I asked multiple times for a retention offer and nothing so F… them 😂
😬
Ok
I only got 15k with 3k spend. Pretty mid. I'll probably cancel next year.
AMEX is ridiculous in a lot of ways
get ur income up and spending up bro. Team AMEX all the way
Last month I was issued a retention offer on my platinum card of 50,000 reward points or I could take a $500 statement credit I opted for the 500 statement credit yielding only an annual fee total cost of $195. That was an exceptional win
🏆🏆🏆
This video couldn't have come at a better time! Thank you! Will use your strategy. 🤞💫 Wish me luck✨️
Same! Good luck!
@bobv5806 Good luck to you as well!
P2 has both Platinum personal and business. The AF hits on November, but called and asked to downgrade the personal Platinum and was offered 50k MRs for $4k spent in 3 months which is easy for us. may be because the AF isn't due yet.
You only spend 800-5k annually? Dang im spending like 5k monthly hopefully in Dec (25 yrs) I'll get 500 statement credit or something
Moved to Australia from the US so I cancelled my gold, bus gold, and Charles Schwab plat. I decided to keep my last personal plat. I was offered a retention offer for the bus gold which was $15k spend in 3 months for 75k points? I believe - rejected the offer
Great way to see if extra points or a statement credit available! 😁 Thanks for the walkthrough & demo of what you said.
Thanks for sharing. I was surprised to see such a low spend YTD. Glad to see they have offers with minimal use.
Thank you for your analytical view as always
funny im 0 for 3 with retention offers and give them 6 figure spend each year. I will be cancelling 5 of 7 card over the next rolling 12 months starting this week.
American Express doesn't seem to be very enthusiastic about retaining its loyal card holders. 😅
I spent a lot with that card and reached the conclusion that they don’t value the spend. I had kept the card, despite 1X on most spend, because I got that value back on retention offered. I considered that a quid pro quo. Once they didn’t, I flushed the card.
Just a thought, if you havent done it, would it make sense for there to be almost no activity on the card over a long period of time in order for the system to trigger the retention offer.
@@panama2468 idk. but today they want to give a 3rd business gold for 100k and a second biz plat for 175k. amex makes no sense. been with them for 30 years and nothing has really changed.
So you can have multiple Platinum cards on the personal side? I knew that could have a Schwab and Classic on the personal side and different Platinum cards for each business up to 10 total.
Yes. However, only 1 welcome offer on the personal side in most cases.
The card I really want is the Amex Business Plat, there's an offer for 250K points. But man it requires $20K spend in 3 months. ☠ I can't meet that sort of spend lol
TAXES TAXES AND TAXES!
I just got the 250K business offer for 15K in spend. I have such a hard time seeing how I could accomplish this.
Question are you going to do a quarter 3 what’s in my wallet video?
Likely not.
@@MarkReese👍🏻
How did you get 4 plat cards?
I applied for 2 with bonuses (back when that was allowed), upgraded from a Gold, and applied for the 4th with no bonus.
Thanks for sharing. Good info.
I was able to upgrade my gold card to a platinum card with a 50k bonus offer after spending 2k witching 6 months just over the weekend. I will be getting my new card this week as I had to get some dental work done where I will hit my spending mark. When I got my gold. Card I did get a 90k offer originally. So I still have that plus what I will get from the new offer with the new card
Congrats!
You could have applied for the Plat directly for the original welcome bonus
I guess I got lucky, I got offered 50k membership points added straight away to my account to keep my platinum.
🏆🏆🏆
Mark, you mentioned 6:33 that havIng multiple Platinums isnt worth it for active duty? Why is that? Its waived for us and we got to utitlize all the credits for free!
No, I said "Unless you...are active duty military, it's probably not going to make much sense"
Great video as always. Your experience only reinforces my belief that AMEX is trying to avoid giving retention offers as I am sure more and more people are trying to get them since the increased annual fee. I have not received a retention offer in 2 years. The only thing offered to me 3 years ago was a bump in the value of my points when using them to pay my annual fee which I declined. I feel like they are not offering me a points bonus for spend because based off my annual spend it would be too easy? Have you or anyone else seen any data points out there to support this theory?
I haven't been collecting data points to suggest an answer.
Wow cool I didn't know you can do this lol. Can you do this with Venture X too??
I haven't attempted it with the C1VX.
@@MarkReese Ahh okay. Thx for the update
Cool deal. I had to do that on 1. But i accepted it on another they offed me. Good video 💯
Congrats!
Very educational
they didnt give me one i have been asking for three weeks now lol
😬
So you got 3 personal platinum cards without the sign up bonus? Have you done this with other ecosystems, where it’s possible to have multiple premium cards?
Correct. No, I've only done this with Amex.
Hey Mark - Can you create a video on AAA Daily Advantage Visa Signature?
5% on Groceries - may be live online application the way you always do if you feel like getting it?
I applied but got a message 10-14 days - called the numbers but no avail.
btw Got approved for Cash+ visa signature CC with 789 EQ score 15K - your past videos were extremely useful.
Love your programs
Thanks for the suggestion! Perhaps at some point, but it's not on the priority list at the moment. Congrats on your approval for the U.S. Bank Cash+ card 💯
hi mark, pls i need your help, i am based in dubai,
i have my ein and itin and i wanna apply for a usa amex .
pls can u make a video about pls i need guidance thanks
The offers mentioned on this channel are often for US residents only (that's a requirement to get the Amex Platinum Card offer in the US). I'm not aware of a way to get the US version in Dubai.
Thanks for the tips. I'll try for a retention offer on my Platinum card soon. Amex changed the rules within months of my getting the Platinum, my first Amex card, so now I can't get SUBs on lesser Amex cards. Grrrr. A decent retention offer would help a little. I'd like to keep the card for lounge access.
I always wonder if this type of game harms my shot at a Centurion (and yes, it's realistic).
No publicly known data to support an answer to that.
Do you know if Hilton surpass has retention?
It could...or it could not. It's not a matter of if Card XYZ has offers, it's a matter of if your individual account is targeted for one. The only way to know is to contact Amex and ask.
@@MarkReese Thanks for your response. I’ll definitely check it out!
All due respect, nobody should have 4 platinum cards. It's dumb. It's 2800 per year in fees. Your spending doesn't warrant more than 1 card.
Yep, for the standard consumer, that makes sense. My situation is different.
Hi
Awesome video and great info. I have a Amex BPC and my annual fee is coming up next month and im really debating to downgrade the card because im running most transactions through my Hilton card. I've had the BPC for 11 months, will Amex frown apon me for doing the downgrade to the no AF card? TIA. Cheers!
As long as you downgrade after it's been a full 12+ months, there should be no issue.
@@MarkReese awesome, thanks again!
Why did you need so many Platinum cards from the start 🤔
I used them for referrals.
@@MarkReese Did you opened them with sign up bonus or upgraded Gold or Green cards? Just curious, because I see all the time "once in a lifetime" sign up bonus.
@@junit1235 - Some were upgrades, others were opened with no welcome offer.
Mark Reese You have four cause you can...i got amex blue cash everyday 1000 limit.. you aint the only one flexing.😂..LOL
4x Plats are excessive bro
Agreed.
I just got the Amex business platinum 200,000 points and I’m required to spend $15,000 in 93 days.
I just got 15K points for $3K spend :(
A whole lot better than no offer!
Nice
😊
That’s for exploiting us 😜 (I’m joking) love the vids!
Hey Mark , really nice video ! I was wondering if I could help you with more Quality Editing in your videos , make a highly engaging Thumbnail and also help you with the overall youtube strategy and growth to grow your channel ! Pls let me know what do you think ?
Thanks for the offer, but I'll pass.