Amex Plat Travel renewal fee waiver. Is it ok to accept?

[neogen]

My Amex plat travel is up for renewal. On contacting Amex, they are offering 50% fee waiver.

Do you think its ok to accept this 50% renewal fee waiver offer?

 

[Slayer]

I think it is a smarter strategy to pay for annual fees via MR points and then purchase 10k points from AmEx so you'd save a net 2k on Gold Charge fees and whatnot

 

[D₹V]

I think it is a smarter strategy to pay for annual fees via MR points and then purchase 10k points from AmEx so you'd save a net 2k on Gold Charge fees and whatnot

Already being discussed I believe.

 

[anirban.choudhury]

This time around, I got an offer of 5K MR points for full fee waiver for Amex Plat Travel. It was quite good so took it as point value is more than 1 rupee. Up until last year I was getting 10K MR for full fee reversal

5k MR for full fees is not a good offer .
You should take 50% waiver instead
With GST and all its like purchasing amex points at more than 1 Rs where as they are worth around 0.60 paise in general

 

[sourpai]

5k MR for full fees is not a good offer .
You should take 50% waiver instead
With GST and all its like purchasing amex points at more than 1 Rs where as they are worth around 0.60 paise in general

What I meant to say was that they took 5K MR points for full fee reversal. In this case, 5K MR points for 5.9K annual fees is 1.18 value per point. They usually take 10K MR points for fee reversal.

 

[anirban.choudhury]

What I meant to say was that they took 5K MR points for full fee reversal. In this case, 5K MR points for 5.9K annual fees is 1.18 value per point. They usually take 10K MR points for fee reversal.

Oh
That is awesome , 5K MR for full fees reversal is too good to belive offer

 

[CVR]

Now that you know about the different offers such as MR deduction, did you check with them again? If they still are not budging, I would agree with you that the 50% waiver seems the best among the choices for you.

I took the 50% waiver. Other option I had got was 10k points for paying full fees and waiver on spends of 2.5 lakh in 60 days. Would have taken points but points would have come post Marriott bonus offer ending so didn’t take it.

 

[NeoOnWheels]

I took the 50% waiver. Other option I had got was 10k points for paying full fees and waiver on spends of 2.5 lakh in 60 days. Would have taken points but points would have come post Marriott bonus offer ending so didn’t take it.

whats the last date of this scheme?

 

[codenerd]

I think it is a smarter strategy to pay for annual fees via MR points and then purchase 10k points from AmEx so you'd save a net 2k on Gold Charge fees and whatnot

How can one purchase amex points?

 

[vinrey287]

How can one purchase amex points?

Just chat with support on the app and ask for MR purchase

 

[codenerd]

Just chat with support on the app and ask for MR purchase

What should be the best rate for purchase?
In what scenario does purchasing MR points make sense?

 

[anirban.choudhury]

What should be the best rate for purchase?
In what scenario does purchasing MR points make sense?

There is no best rate
The rates are fixed at 40 paise per Amex point
You can buy in multiples of 1000 upto 10000 per year per card
To purchase 10k you need to have atleast 10k in your account
40 paise per Amex point is actually great if you can redeem them to Marriot Bonvoy.

 

[vikyp]

I got 50% fee reversal for my plat travel this month. That too without any spend condition nor deduction of MR points. Just talk to amex cc and they will give you some offer. Couple of years back I got full fe waiver against 10k points. Last year I got full fee waiver against 90k spends in the next 90 days. Offer vary , but you surely will get one. Remember to let the gee be charged first and then give a call. Normally cc don't entertain such requests before the fee is charged on the card.

 

[bonheur]

I got 50% fee reversal for my plat travel this month. That too without any spend condition nor deduction of MR points. Just talk to amex cc and they will give you some offer. Couple of years back I got full fe waiver against 10k points. Last year I got full fee waiver against 90k spends in the next 90 days. Offer vary , but you surely will get one. Remember to let the gee be charged first and then give a call. Normally cc don't entertain such requests before the fee is charged on the card.

What were your spends on this card like? Were you able to reach 4L?

 

[Raun]

Wouldn't it make sense to close the PT travel card and reapply as a FYF card? Why to even pay the 50% renewal fee?

 

[coolguy1]

Wouldn't it make sense to close the PT travel card and reapply as a FYF card? Why to even pay the 50% renewal fee?

If you do this often and get noticed, the bank might blacklist you from getting any new cards.
Also, 90 days cool down so you lose all those points and a CIBIL hit every year.

 

[sharpened]

I got 50% fee reversal for my plat travel this month. That too without any spend condition nor deduction of MR points. Just talk to amex cc and they will give you some offer. Couple of years back I got full fe waiver against 10k points. Last year I got full fee waiver against 90k spends in the next 90 days. Offer vary , but you surely will get one. Remember to let the gee be charged first and then give a call. Normally cc don't entertain such requests before the fee is charged on the card.

Per card? That means you can buy up to 30k MR points every year @ 0.40 per point?

 

[anirban.choudhury]

Per card? That means you can buy up to 30k MR points every year @ 0.40 per point?

40k MR for 16k INR

 

[Ankur dhanda]

40k MR for 16k INR

They changed rule 7th Dec, 10K per account instead of per card now

 

[anirban.choudhury]

They changed rule 7th Dec, 10K per account instead of per card now

Yes
Now it's changed to 10k per account instead of card.

 

[anirban.choudhury]

@Ankur dhanda
It looks like if you call and ask , You can still purchase MR's across all your cards.
I did the same now and they have taken up the request for 40k MR across 4 of my cards.
Chat support though is refusing.

You can try once.