Will Amex waive annual fees?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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Robrus1
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Will Amex waive annual fees?

Postby Robrus1 » Thu Oct 04, 2012 10:37 am

Hi everyone, I got a premier rewards gold card back in April and so I'm somewhat new to Amex. I don't mind paying the annual fee at all, but I've heard that if you use your card a lot and spend a lot each year, that they might waive the fee. Has anyone ever had this happen? I spend about 2-3K per month on average on my PRG. Any info would be appreciated. Thanks.
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Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
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Credit Union 10K
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t528491
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Postby t528491 » Sat Oct 06, 2012 9:45 pm

There's a threadherethat discusses this very topic. I don't think it happens too often.
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FastSRT8
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Postby FastSRT8 » Sat Oct 06, 2012 9:52 pm

I doubt they will. Making exceptions to one sets a bad precedence for business so I really doubt they will do it; atleast not for your primary card. They may on your other cards with them... provided the primary card membership fee is paid yearly. Atleast for me that is what happens. I pay my Cent cardmembership free and my other cards are all free (this is a cent benefit but when I had my platinum, all my other cards were also free)
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Postby Money card » Sat Oct 06, 2012 11:17 pm

They don't wave annual fees on there premium credit cards. Banks and Finincial companys only make money in 1 way by either
charging intrest or having an anual fee. since you have a premium card theres no intrest so they have to charge an annual fee.

like I have a Capital1 venture card gold version about 6 months ago I wanted the Blue level. talked to people in the Bank, talked
to an account mgr on the phone, then talked to a supervisor she said the reason the Blue level has to have an annual fee is because the card is given to people with excellent credit, people who pay there bill in full. I said to her why not take the intrest rate off every blue card and then I would give them there 59.00 she said there are a few who pay intrest. she metioned that the intrest rate on the Blue level is 13.80 around there while the gold is around 17.90 she said the same thing credit card company make money off either intrest or an Annual fee.

I rember somewhere around the early 90's banks and fincial companys were thinking about giving us the choice of either paying the annual fee or charging us intrest. when Discover came around banks like chase Washington Mutal, citibank, Bank Of America
started taking there annual fees off there cards, because not everybody paid intrest alot paid there bill in full banks were not making any money. then came around airline credit cards these cards had fees.

now if you asked us about taking the annual fee off there lending credit card by using it a lot like the Blue cash perfered this would be something to look at. but since you have a premium card you can't. even if you had a lending card and you paid your bill in full not everybody does. but with your Gold premiere everybody pays there bill in full. so you can't have the annual fee waved.

lowered would be a reasonable request. Like I have the Green card 2 levels down from you. I'm paying 95.00 I think that's alot for the Green I think 75.00 is reasonable maybe even 65.00, Robrus1 I understand how you feel, for your card I think 115.00 is reasonable
and for the basic gold 90 to 100 is reasonable what do you think?

UPS Gregg
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Postby UPS Gregg » Sun Oct 07, 2012 10:17 am

Minus admitted bad customer service I don't see why they'd waive the fees. The fees are nothing more than a substitute for not paying interest. Which is why AF cards are a ripoff for most people. The only people who come out ahead (other than Amex) are the ones that make full use of the travel benefits. Otherwise a no fee card can easily be more rewarding than one with an AF.
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*Amex Macy's CL-$8,000.00
*JPMorgan Chase Marriott Rewards Premier Visa Signature CL-$20,000.00

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Postby Money card » Sun Oct 07, 2012 1:47 pm

So Gregg let me see if I understand you correctly, the people who come out ahead other than American Express are the people
that travel like vice presidents of sales and Marketing who travel a real lot? otherwise a no fee card can be more rewardiing than
a fee card?

so how is a bluecash every day card and the clear card more rewarding than say the Bluecash perfered , Green or the gold level?

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Postby Money card » Sun Oct 07, 2012 1:50 pm

you are probably correct.

Robrus1
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Postby Robrus1 » Sun Oct 07, 2012 4:52 pm

Ah I understand. Thanks everyone for your input. I definitely use the card enought to still come out on top after the annual fee. When you take the 30k points I got for spending 2k in the first 3 months as a sign up bonus, and the other 25-30k points or so I've earned in the first 6 months of having the card, it's definitely worth it, even if I use it for gas/groceries/travel only.

I've already taken one flight round trip on just points that would've cost me about 400 bucks. I know that Amex still makes money from merchants for transaction fees that they charge. That's why I thought if you have lots of transactions/spend quite a bit they might be more likely to waive the annual fee. Clearly I had been given false information.

If I ever get to the point where the annual fee outweighs the benefits I receive, then I may consider something else, but for now I still feel like this card is beneficial to me, annual fee or not.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K

Robrus1
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Postby Robrus1 » Sun Oct 07, 2012 6:00 pm

I'm glad I found this site by the way. Everyone is so helpful. Thanks again!
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K

Money card
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Postby Money card » Sun Oct 07, 2012 11:12 pm

don't foreget that you have an executive looking card. your welcome.



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