- Centurion Member
- Posts: 897
- Joined: Mon Oct 19, 2015 2:08 pm
I have a friend who is a Sr. Marketing Manager at AMEX. What you're not understanding is that AMEX designs these offers for people who have never been an AMEX cardholder before and who have exceptional credit. They understand that people will not necessarily want to keep the Platinum, but they send these lucrative sign-up bonuses with the understanding that even if they take the signup bonus and run, they will ultimately keep an AMEX card in their wallet, whether it's a lower fee Green (charge) card or a no annual fee Everyday (credit) card. Their goal is to start a relationship with you, because AMEX, more than Visa and MasterCard, is about the "relationship". Trust me, AMEX knows what they're doing.
Which brings me back to my original post, since I do intend to get a Green or Everyday card once I get the Platinum's signup bonus, I wanted to know how AMEX will prorate the Platinum's annual fee.[/quote]
I believe you are mistaken or your friend is or you're not telling him your intentions clearly. When you sign up for the Platinum card and they give you a 100K signup bonus, it's because they want you to pay the annual fee on the Platinum card several years in a row and ideally forever. Obviously that will not always happen and obviously they would rather you change your card than close your account altogether, but you are mistaken in terms of your general outlook on the situation. The signup process and life cycle of the account that you're describing is very far from their desired goal when giving someone that bonus.
If your friend is indeed an employee of Amex and especially a senior marketing rep, he or she does not understand their job in its entirety if the information you represented above is what was communicated to you.
The answer to your annual fee refund is that anything is possible but plan on paying $450 for the annual fee if you want the card for between 1 and 364 days.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
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