Getting your annual fee waived. Tactics?

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Battery111
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Postby Battery111 » Wed Jul 30, 2014 6:58 pm

Luxe wrote:I've heard of Amex Platinum being waived. If they are still making money off you and think you could become an important customer (high spend, high net worth — this is the company that has a $2500/yr centurion) it mostly makes sense for them to keep the Amex in your wallet.


I'm so glad I read this. I recently acquired a platinum as the benefits were worth it to me for the annual fee. I had no idea they would waive the fee because I'm active duty. I'm generally the very last person to ask for a military discount on anything, as I feel that I chose this line of work for my own reasons, not so that I can get as many freebies as possible. However, this is a benefit I will be applying for, as it's pretty hard to pass up.
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Postby Battery111 » Wed Jul 30, 2014 9:05 pm

CarefulBuilder14 wrote:I've only heard of Amex waiving fees on the Platinum for active duty US military.


Oops. Meant to quote this post.
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Postby CarefulBuilder14 » Thu Jul 31, 2014 9:54 am

Battery111 wrote:I'm so glad I read this. I recently acquired a platinum as the benefits were worth it to me for the annual fee. I had no idea they would waive the fee because I'm active duty. I'm generally the very last person to ask for a military discount on anything, as I feel that I chose this line of work for my own reasons, not so that I can get as many freebies as possible. However, this is a benefit I will be applying for, as it's pretty hard to pass up.


If you have previously paid an annual fee on a card while on active duty - including the fee you just paid on the Platinum - then you should be able to get that reimbursed.

I think Amex may also reimburse you for a few other miscellaneous costs like late payment fees. I've read Chase waives some fees, too, including the annual fee on the CSP. Definitely call Amex and they should give you the details on what forms you need to send them so they can verify the length of your active duty with the Department of Defense.

If anyone wants to look into this further, it relates to the Servicemembers Civil Relief Act. The SCRA officially just protects active duty military from excessive interest rates and other things, but some lenders like Amex (and probably Chase and a few others) go beyond that and waive most fees.

I think everyone still charges interest if you pay late.
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Postby djrez4 » Thu Jul 31, 2014 10:16 am

Battery111 wrote:I'm so glad I read this. I recently acquired a platinum as the benefits were worth it to me for the annual fee. I had no idea they would waive the fee because I'm active duty. I'm generally the very last person to ask for a military discount on anything, as I feel that I chose this line of work for my own reasons, not so that I can get as many freebies as possible. However, this is a benefit I will be applying for, as it's pretty hard to pass up.


Chase and Amex are both known to waive fees. I think others will as well.

If you don't already, you should start following Glenn and Andy on the Military Frequent Flyer blog. They post great content about perks, deals, and discounts for members of the armed forces.
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Postby Battery111 » Thu Jul 31, 2014 5:35 pm

I appreciate the info. I actually just called Amex. Rep knew exactly what I was talking about, asked me a few questions, and got me all set up on this program. It seems too good to be true, a no AF platinum with all the benefits. He also advised me they would waive fees for additional cardholders I add to my account.
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Postby CarefulBuilder14 » Thu Jul 31, 2014 6:09 pm

Battery111 wrote:I appreciate the info. I actually just called Amex. Rep knew exactly what I was talking about, asked me a few questions, and got me all set up on this program. It seems too good to be true, a no AF platinum with all the benefits. He also advised me they would waive fees for additional cardholders I add to my account.


Happy to help and thank you for serving!

Don't forget to call Chase to get the CSP AF waived.
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Postby Battery111 » Thu Jul 31, 2014 6:19 pm

I'm going to try. Looks like people have had mixed results with that. I didn't have a relationship with Chase prior to joining, so it seems very hit or miss with them.
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Postby Red_Rena » Tue Aug 05, 2014 7:53 pm

Bank of America is pretty easy to get waived. But they won't permanently remove it. Not even for a product change. At least that's been my experience.
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Postby woogs » Wed Aug 06, 2014 7:25 am

Darrvao777 wrote:Thanks for the update! Do you guys find certain companies just refuse to budge on the annual fee?

For instance, the $450 for the amex platinum, I'm guessing that's not negotiable right?


Depends on your spend with Amex usually.

I found it is usually not worth having the fee waived based on their offers. I have been offered to have the fee waived, or receive 50k points which is a much better deal.

2012 - offered 50k points (or fee waived) to keep card open - I paid the annual fee

2013 - offered $500 in additional AA/US credits (on top of the $200 included) - I paid the annual fee

2014 - will know in November. I do not put any spend on the card but I expect them to offer something due to my relationship with Amex with other card spend.
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Postby Jeeders » Thu Aug 07, 2014 2:29 pm

Calling up Chase right now.. Wonder if they will waive mine i just paid it.
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