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Which Amex Annual Fee Credits Have You Received?

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Rene’s Points For Better Travel, a division of Chatterbox Entertainment, Inc. has partnered with CardRatings for our coverage of credit card products. Rene’s Points For Better Travel and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. As an Amazon Associate I earn from qualifying purchases.


American Express gave cardholders a number of pleasant surprises during the past week.

First, it was certain statement credits and temporary points bonuses for select categories.

Then they announced some cardholders of the Platinum Card from American Express would receive a $200 travel credit. The only catch: the offer is for members whose cards renew between April and December 2020.

(Of course, we heard reports they’re clawing back some airline incidental credits, too.)

And later in the week, a bunch of cardholders received emails announcing one-time statement credits a discount against upcoming annual fees!

My business Delta Reserve Amex card will give me a $125 credit when I renew the card (which is next year). That’ll knock the annual fee down to $425.

Statement credit email for a member who holds the Delta American Express SkyMiles Reserve Card for Business.

 

Then Amex emailed me with news of a $100 statement credit when I renew the personal version of the Reserve card.

Statement credit email for a member who holds the Delta American Express SkyMiles Reserve Card (personal/consumer).

My Delta SkyMiles Platinum Business Amex will give me a $75 statement credit when/if I renew the card. My friend Rick also received the same offer for his card.

Statement credit email for a member who holds the Delta American Express SkyMiles PlatinumCard (personal/consumer).

I didn’t receive anything for my personal Delta Platinum Amex card. Perhaps that’s because of the spend challenge offer resulting from my retention call?

Reader Dave was given a $50 statement credit for his Hilton Honors American Express Business Card. There didn’t appear to be any renewal language included.

Statement credit email for a member who holds the Hilton Honors American Express Business Card.

Why is American Express Doing This?

I think Amex is extending these offers not only so people don’t cancel the card — but also to preempt some retention calls. And, yes, perhaps there’s some goodwill sprinkled in there, too.

But given the offers’ terms as I understand them, you’re essentially giving Amex a microloan upon renewal. An email says, “[The] statement credit will be applied to the eligible card account within 8-12 weeks of the account renewal month…If the eligible [card] is cancelled, or you have downgraded or upgraded your Card up to 45 days after the first day of your renewal month, you will not receive the one-time…statement credit. American Express reserves the right to modify or revoke offer at any time.”

So that 8-12 weeks sounds like it falls during or after a card’s renewal month. Once you pay the bill, then they’ll credit you the money.

If that is indeed the case, you’ll then have that money applied against your balance — or to spend elsewhere (which I bet Amex really hopes you do 🙂 ).

I’m certainly grateful for these opportunities to save money. Whether or not I keep all my cards remains to be seen at renewal time — mostly based on financial standings.

Which Annual Fee Statement Credits Have You Received?

Please tell us in the below Comments section!

— Chris

Rene’s Points For Better Travel, a division of Chatterbox Entertainment, Inc. has partnered with CardRatings for our coverage of credit card products. Rene’s Points For Better Travel and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. As an Amazon Associate I earn from qualifying purchases.


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12 Comments

  1. Schwab Amex Platinum – $200 Amex Travel from August
    Delta Reserve – $100 statement credit upon renewal
    Delta Platinum – $50 statement credit upon renewal

    I’m still unlikely to renew the Delta Platinum, but the others I will keep

  2. In my experience, even with taking a no spend Retention offer of 50K SkyMiles, I still got the e-mail saying I would get a $100 statement credit on my Personal Reserve Card upon renewal. I’ll take it as it will lower my Reserve Card AF back down to $450 and I get to keep the new Companion Cert which I’ll have until next year to use, along with 50K bonus miles. Overall I’m happy AMEX finally decided to do something to help out the cardholders and incentivize me to keep the card now instead of canceling.

  3. GetToThePoints Reply

    Sharing this info could be detrimental to others getting credits or waivers of renewal fees. If this explodes for the credit card companies these concessions could quickly disappear.

    • yes, because Amex has zero idea of how many people they are offering this too, and what the take-up rate is…. *smh*

  4. TGIF Chris,
    Onlyh the $75 for the Delta Business Platinum…as you suggested, IF I renew shortly. Didn’t get one for the personal AmEx Platinum, renewed back in January…may complain to CS about that, see if they’ll accommodate me. Nothing on the personal Delta Platinum…may complain about that, too!

  5. My husband got $50 credit after renewal for the Delta Platinum and I got nothing for the Delta Gold card.

  6. Delta Reserve – $100
    Delta Platinum – $50
    Delta Platinum Business – $75

    Chris,
    As a sidebar, I recently added the Delta Reserve Business card to my collection and decided to cancel the Delta Platinum Business card. When I called to cancel, they did not ask me why I wanted to cancel or make any effort to retain me. They just processed the cancellation. I really don’t need the card and only if they had offered to completely waive the annual fee would I have kept it. I did however wait until the companion certificate posted to my Delta account before cancelling. Just thought I’d share the data point.

  7. @Chris/Rene: First, thanks for the tons of Delta knowledge you guys have shared every day in this blog for years! I’ve been a faithful reader, but I don’t always remember all the details! That brings me to my dilemma…the $250 AF (minus pending $75 credit) just posted on my Amex DL Biz Platinum. However, I’ve not used this card at all in the last 2 years and intend to cancel it. I see a new companion cert in delta.com issued 5/1 for renewal of this card, & I think I’ll still be able to use the cert with my personal Amex DL Reserve. Do I have the option to transfer my biz line of credit to my personal Amex DL Reserve? If not, what are my options to downgrade the biz card to a no-AF Amex biz or personal card so that I don’t lose the credit line? Or, isn’t the biz line of credit part of my personal credit history anyway? My “biz” is selling (rarely) on ebay. Advice? FYI, I retired last year from my real job, & wonder how likely any card issuer is to grant me new credit with no new W-2. Thanks, & keep up the good work!

  8. I have the DL Reserve and a DL Gold plus a Platinum Card, zero credits issued so far. I contacted them and heard “wait for another month or two”. Seems odd that most others have already seen credits. I use the Reserve card daily but am really struggling with the $1,100 annual fees at this point. So many options with low or no cost cards. Any advice?

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