topic Re: AMEX Gold Retention Offer in Credit Cards

AMEX Gold Retention Offer

Gunnerboy — Sat, 09 Jan 2021 20:19:16 GMT

AF hit this morning, so I decided to check on a retention offer.

10,000 MR points (for no spend)

$75 statement credit

I went with the MR points. That offer seems in line with a few other Gold retentions I read of in the past few months. Even with my reduced spending during the pandemic, I was still hoping for a better offer. This was actually my first attempt at asking for a retention offer, on any card!

Re: AMEX Gold Retention Offer

Loquat — Sat, 09 Jan 2021 20:42:28 GMT

Not a bad offer for no spend. And certainly a lot better than the data points of folks who are getting nothing even after several calls and have significant spend.

Re: AMEX Gold Retention Offer

Gunnerboy — Sat, 09 Jan 2021 20:45:51 GMT

@Loquat wrote:
Not a bad offer for no spend. And certainly a lot better than the data points of folks who are getting nothing even after several calls and have significant spend.

Ok, thanks @Loquat! Feeling better about the offer now.

Re: AMEX Gold Retention Offer

blindambition — Sat, 09 Jan 2021 21:11:08 GMT

Congrats on getting an offer. Hopefully you'll get more use from the card at some point this year. 👍🏻

Re: AMEX Gold Retention Offer

K-in-Boston — Sat, 09 Jan 2021 21:29:03 GMT

@Loquat wrote:
Not a bad offer for no spend. And certainly a lot better than the data points of folks who are getting nothing even after several calls and have significant spend.

I wonder if this might be a case of Amex just calling their bluff? It doesn't take much monthly spend at all on Gold to be a huge points earner compared to nearly any other card for restaurant and grocery spend over the course of a year, and the existing and forthcoming credits and any Amex Offers should essentially wipe out the AF anyway.

With a heavy heart (since it had been my daily driver since 2002), I actually tried to close PRG a few years back and got a retention offer, and I am very glad I did since the revamped Gold Card has been huge for me and I still have my nearly 20 year-old card.

Congrats on the successful recon!

Re: AMEX Gold Retention Offer

Gunnerboy — Sat, 09 Jan 2021 21:33:28 GMT

@blindambition wrote:
Congrats on getting an offer. Hopefully you'll get more use from the card at some point this year. 👍🏻

@blindambition Thank you!

Re: AMEX Gold Retention Offer

blindambition — Sat, 09 Jan 2021 21:44:06 GMT

@K-in-Boston wrote:
@Loquat wrote:
Not a bad offer for no spend. And certainly a lot better than the data points of folks who are getting nothing even after several calls and have significant spend.
I wonder if this might be a case of Amex just calling their bluff? It doesn't take much monthly spend at all on Gold to be a huge points earner compared to nearly any other card for restaurant and grocery spend over the course of a year, and the existing and forthcoming credits and any Amex Offers should essentially wipe out the AF anyway.

With a heavy heart (since it had been my daily driver since 2002), I actually tried to close PRG a few years back and got a retention offer, and I am very glad I did since the revamped Gold Card has been huge for me and I still have my nearly 20 year-old card.

Congrats on the successful recon!

Even though I couldn't maximize this card, being low income and tied into UR platform. I could easily maximize that card if I didn't have other cards that I had to maximize, or just starting out. Covers so many categories and some really useful perks and offers being offered during COVID.

Re: AMEX Gold Retention Offer

BallBounces — Mon, 11 Jan 2021 23:35:58 GMT

My gold AF is due to hit any minute and I an considering a downgrade to green because I Already have a high AF travel and restaurant card. Hope they give me a retention offer if I tell them I may be closing it.

Good on you, OP.

Re: AMEX Gold Retention Offer

Gunnerboy — Mon, 11 Jan 2021 04:03:16 GMT

@BallBounces wrote:
My gold AF is sue to hit any minute and I an considering a downgrade to green because U already have a high AF travel and restaurant card. Hope they give me a retention iffer if I tell them I may be closing it.

Good on you, OP.

@BallBounces Thanks! Good luck to you!

Re: AMEX Gold Retention Offer

red259 — Mon, 11 Jan 2021 08:58:31 GMT

10K isn't a bad offer. I didn't get a retention offer at all. Was about to close the card but then I did the math on the old/new benefits and my point earning etc and I still ended up coming out ahead even with the AF.

Re: AMEX Gold Retention Offer

TheCreditCount — Tue, 12 Jan 2021 08:51:10 GMT

Congrats! I've never tried for a retention offer so I may try to do the same when my AF is up

Re: AMEX Gold Retention Offer

kdm31091 — Tue, 12 Jan 2021 11:09:44 GMT

I think Amex is often reluctant to give a large retention offer on Gold since it is such a heavy points earning card with various offsets to the fee that aren't extremely difficult to use.

Re: AMEX Gold Retention Offer

jwa77 — Wed, 13 Jan 2021 18:07:53 GMT

My company uses Amex, so there is some program where they'll give you a 100 dollar credit (for Gold) and up to 200 (for Plat) against your AF each year if your company still also uses Amex (and you have a company credit card as well). This has precluded me from asking for any retention offers. I admit, I never thought about asking for a retention offer from a credit card company if I'd really had no intention of closing it. I love the GOLD card. This is the second year I've had it and I don't see myself ever getting rid of it.

The dining credit is easy to use for me (once a month treat myself to some Grubhub? sure, though I just pick up the food so it's actually worth using).

The company credit got rid of chasing that stupid airline credit that I wish they'd just get rid of.

Re: AMEX Gold Retention Offer

K-in-Boston — Wed, 13 Jan 2021 19:41:35 GMT

The Corporate Advantage Program is only available for those with employee cards on a Corporate American Express account; those with employee cards on regular business cards from American Express are not eligible.

The "stupid" airline credit is being removed after 2021 and is being replaced with an Uber/UberEats monthly credit beginning next month. I'd personally rather keep the airline credit.