How do I get my Amex Platinum fee waived?

Here's how to get the American Express Platinum card annual fee waived: Call the retention line: You can ask Amex to waive the annual fee by calling (800) 452-3945.

Is there a way to waive Amex annual fee?

Apply for the Amex financial relief program: If you're having difficulty paying your annual fee due to unforeseen financial difficulty, apply for the financial relief program online or call Amex at (866) 703-4169. You could potentially have your annual fee waived.

Can you downgrade Amex Platinum to no fee card?

As an American Express Platinum cardholder, you can only downgrade to the American Express® Gold Card or the American Express® Green Card.

Is Amex Platinum fee waived first year?

So, what is the point of getting a card that gives no sign-up bonus? The reason is that this card carries a $450 annual fee – not waived for the first year!

When can I cancel Amex Platinum to avoid annual fee?

If you cancel the card within 30 days after the statement containing your annual fee, you can get a full refund. Keep in mind that American Express no longer prorates annual fees if you wait until after 30 days to cancel.

How To Waive A Credit Card Annual Fee - American Express

How do I offset my Amex Platinum annual fee?

Although The Platinum Card® from American Express will increase the annual fee by $145 from $550 to $695, you can still extract value and offset the annual fee if you take advantage of the numerous statement credits (e.g., airline, hotel, digital entertainment, Equinox, Clear membership, Uber, Saks) and use the most ...

Will Amex Platinum refund annual fee?

American Express will refund the annual fee on a card if you cancel it within 30 days of the closing date of the billing statement on which the fee appears. Beyond that period, a refund is not possible.

Can you negotiate Amex Platinum fee?

Call the retention line: You can ask Amex to waive the annual fee by calling (800) 452-3945. However, it's important to understand that this approach may not be successful. American Express typically does not waive annual fees entirely, but it may offer a side benefit to offset the Platinum card's $695 annual fee.

Can you negotiate Amex fees?

But here's something you might not know. Not every merchant pays the same fees for Amex transactions. In fact, you can even negotiate your Amex merchant fees with your processor to save money on credit card processing.

Is Amex platinum worth it anymore?

Make no mistake — the Amex Platinum card is a premium card with a premium price tag. With amazing benefits like best-in-class airport lounge access, hotel elite status, and tremendous value in annual card credits, it can easily prove to be one of the most lucrative cards in your wallet year after year.

Does closing an Amex Platinum card hurt your credit?

Open card accounts can help your credit score in two different ways: credit utilization and length of credit history. Closing a credit card account can negatively affect both of those components of your credit score.

Do you lose points if you cancel Amex Platinum?

If you don't have another Amex Membership Rewards earning card and you cancel, you'll lose all your points for good. However, you may be eligible for a 30-day grace period to use your Amex points after you cancel if you have other Amex cards open.

What happens if you don't pay off your Amex Platinum every month?

If you don't pay Amex Platinum in full, you will be charged interest on any purchases added to a Pay Over Time balance. With Pay Over Time, you can add eligible charges to a Pay Over Time balance, up to a limit.

Can I ask for annual fee to be waived?

Call your issuer

Call the customer service number on your statement or the back of your card, and provide identifying information like your name and account number. Then, ask if you can have a waiver for your annual fee. If this is successful, you're done.

Why is Amex annual fee so high?

The main reason why Amex cards are so expensive is that many American Express credit cards offer generous rewards rates and high-end perks, which warrant steep annual fees. Amex cards are targeted toward people with good credit and high incomes who are likely to charge large amounts to their cards every month.

How do I avoid Amex charges?

You can avoid interest payments by choosing to repay the full balance by the date specified. You can view your balance and your payment due date by logging into the American Express® App or your Online Account. A payment due date will be generated once your statement is available.

How do I ask for a lower fee?

How To Negotiate For The Fees You Deserve
  1. Be confident. When someone is trying to negotiate with you, your value and the value of your talent are under attack. ...
  2. Operate from a position of strength. ...
  3. Listen to the client. ...
  4. Articulate your value. ...
  5. Allay fears. ...
  6. Be flexible.

How much is the annual fee for Amex Platinum?

Amex Platinum Annual Fee and Suite of Credits and Benefits. The Platinum Card has a $695 annual fee. Though the fee is paid once a year, the math works out to about $58 a month.

What is the hardest Amex to get?

The hardest Amex card to get is the Centurion® Card from American Express. Also known as the “Black Card,” this Amex card is hard to get because it is available by invitation only, and potential candidates are rumored to need an annual income of at least $1 million.

Is Amex Platinum for millionaires?

The Platinum Card® from American Express is another exclusive credit card that millionaires tend to prefer. Also, this card isn't invitation-only.

How do you get 150k offer on Amex Platinum?

How To Find the Amex Platinum 100k, 125k, or Even 150k Welcome Bonus Offer
  1. Increased public offer or pre-qualified offer — easiest ways.
  2. Use the CardMatch tool — there's no credit pull to check to see if you have a 100,000 to 150,000-point bonus offer.
  3. Get a targeted mailing.

Is there a minimum salary for Amex Platinum?

The American Express Platinum Card does not have a minimum income requirement to be eligible. You'll earn the best available signup bonus if you apply using a referral link.

How do I get rid of annual fee on credit card?

Call the Card Issuer and Ask

Once you've laid out your reasoning for wanting a waiver, it's time to call the credit card company. The number to call should be on the back of the card. Explain that you're seeking a waiver on the annual fee and why.

Can you cancel Amex Platinum after a year?

Keep in mind that you don't need to cancel as soon as you see the annual fee appear. Amex will refund the annual fee if you cancel within 30 days after the statement in which the annual fee hits. In other words, you should have 30 days from the statement cut date for the statement on which your annual fee appears.

Can I cancel my credit card to avoid annual fee?

If your card has an annual fee, there's generally no reason to cancel early. Instead, wait until the annual fee posts to your card's account or just before. Most banks and credit card companies have a grace period of at least 30 days where you can cancel the card and still get the annual fee refunded.