Amex Platinum annual fee is coming due. Time to get serious, how bad do I need the card, how bad do they want to keep me. Called the Amex # and asked for the Retention Department. Transferred and the dance began. We finally settled on two options; $300.00 credit or 30,000 Membership Rewards Points, if I agreed to renew. The card has a $450 annual fee and is loaded with benefits.
$300.00 credit is great. All of the cards incredible benefits for $150.00 ($450 fee-$300 credit) or:
30,000 MR Points, valued at ~.019 per point=$570 in possible travel value, hmmm…A round trip plane ticket to LAX for two costs~$700 or ~60,000 MR Points (Insider Flights) AND with the Amex Business Platinum, thru Amex Travel , I get half the Points back. So ~$700 in value for 30,000 points is what I end up receiving.
I took the 30,000 points and ran away with a big smile. That’s value!
Always give the card issuer a chance to keep you. If you’ve been a good client for them, everybody wins.