It’s the renewal time of my American Express Platinum Travel Credit Card and so i called up Amex customer care to check on renewal fee waiver. Unfortunately I was said that waiver of charges on this card has been stopped in parallel with changes happening on the new redemption options.
Amex Platinum Travel Credit Card Renewal:
It looks like Amex is spending a considerable amount from the pocket to grab these airline vouchers (Indigo/Spicejet). Hence on a typical spend of 5L in a year, Amex don’t earn much and so they can’t afford a Full fee waiver based on the spend. However, they’re happy to waive off my charges if i’m okay to give away my “regular” MR points as below.
- 75% Waiver – on deduction of 7,500 MR POINTS
- 100% Waiver – on deduction of 10,000 MR POINTS
And so i ended up in sacrificing 10k points for 100% waiver of renewal charges. 10k points is seriously a lot to let go but I did so for below reasons,
- I don’t want to loose the high credit line on the card.
- Taj vouchers are something unique with this card
- Amex travel offers are one of the best and again this made me to stick.
- The new redemption options are good enough to hold on to it.
The best part to get maximum value out of this card is by availing the above said travel offers whenever possible, apart from maxing out the milestone benefits.
As Amex renewal fee waiver policy is getting strict, it’ll be harder for us to get waiver in coming days. Hence, it’s good to opt for the platinum travel card only if you can spend a lot. Else, you may not be able to reap the benefits to its fullest extent.
Were you able to avail renewal fee waiver on your Amex cards? Feel free to share your experiences in comments below.