American Express offering 20,000 point retention bonuses to Platinum cardholders – but not to me
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American Express Platinum has begun offering 20,000 Membership Rewards points to some people who ring up and threaten to cancel their card.
I say ‘some’ because when I called up myself I didn’t receive any offer. It is definitely happening though – here is a screenshot from a reader who was given 20,000 points on Thursday:
There is no pattern here, it seems.
American Express Platinum retention offers – Case 1
Reader 1 called up on Wednesday to ask if there was anything better to stop him cancelling than the ‘double points on spending’ offer.
The agent looked into his system and found an offer which he told the caller he thought had just been added. He then read out from his screen, to paraphrase:
“To thank you for your loyalty and to acknowledge the loss of benefits in the current situation, we would like to offer you 20,000 points which will be added to your account immediately. With the current promotion, this has a value of £180 which in turn is 1/3 of your annual fee. “
The next day, the points were there as you can see from the screenshot above.
American Express Platinum retention offers – Case 2
Reader 2 called up on Thursday. With no flights now booked, and with no immediate use for the card benefits except for the travel insurance (now not needed) he called to cancel.
The reader was also offered 20,000 Membership Rewards points. However, he would not receive these until a week after the annual fee was paid, which is due in two months. The agent kindly reminded him that nothing stops him cancelling immediately after the points appear for a pro-rata fee refund.
It is worth noting that Reader 1 has a card which renews in August, which may be why he was offered the points immediately.
American Express Platinum retention offers – Case 3
Reader 3 is me. Emboldened by these cases, I thought I’d call up.
I thought I was on solid ground, to be honest.
I have held Amex cards for 20 years, with my Platinum for probably 17-18 years
I very rarely spend on the card, holding it primarily for the travel benefits and because I get my British Airways Premium Plus American Express for free (this is a grandfathered benefit for anyone who held a Platinum card on the day the BA Amex cards launched).
And yet ….. nothing.
The only option I was given was to downgrade to the Gold card and to have the annual fee waived for the first year. This is the usual response judging from other readers who have cancelled recently. I pushed harder and was put on hold for a couple of minutes, but the agent came back to say that there was no other option. I could cancel or I could downgrade to Gold and get a free year. I made my excuses and left.
I’m not sure what we should conclude from this. On Monday there will be some interesting news which has a bearing on this case, as they say. If you have nothing better to do for 10 minutes over the next few weeks (do NOT all ring today because you can be pretty sure you’ll be marked out as a HfP reader) you might want to give it a go. There’s nothing to lose, except a little bit of your dignity.
UPDATE, Saturday lunchtime: It appears that UK Amex call centre agents are all working from home at the moment. The 20,000 point offer IS, I am told, “in the system” but not all agents know it exists or how to apply it. There is a online discussion group for the call centre agents which includes an explanation of how to find it and apply it. My own failure to get the bonus appears to be down to the fact that I called at 6pm and so was diverted to a US call centre (the woman I spoke with did have a US accent) who did know about offers for UK cardholders.
Want to earn more points from credit cards? – March 2023 update
If you are looking to apply for a new credit card, here are our top recommendations based on the current sign-up bonuses.
In February 2022, Barclaycard launched two exciting new Barclaycard Avios Mastercard cards with a bonus of up to 25,000 Avios. You can apply here.
SPECIAL OFFER: Successfully apply for either of the Barclaycard Avios credit cards by 2nd April 2023 and you will be entered into a free draw to win ONE MILLION AVIOS! Full details are on the application forms here (free) and here (paid). This competition is exclusive to Head for Points readers. T&C apply.
You qualify for the bonus on these cards even if you have a British Airways American Express card:
Barclaycard Avios Plus Mastercard
25,000 Avios for signing up and an upgrade voucher for spending £10,000 Read our full review
Barclaycard Avios Mastercard
5,000 Avios for signing up and an upgrade voucher for spending £20,000 Read our full review
You can see our full directory of all UK cards which earn airline or hotel points here. Here are the best of the other deals currently available.
British Airways American Express Premium Plus
25,000 Avios and the famous annual 2-4-1 voucher Read our full review
American Express Preferred Rewards Gold
Your best beginner’s card – 20,000 points, FREE for a year & four airport lounge passes Read our full review
The Platinum Card from American Express
30,000 points and unbeatable travel benefits – for a fee Read our full review
Virgin Atlantic Reward+ Mastercard
15,000 points bonus and 1.5 points for every £1 you spend Read our full review
Earning miles and points from small business cards
If you are a sole trader or run a small company, you may also want to check out these offers:
Until 30th March 2023, the sign up bonus on American Express Business Platinum is increased to 120,000 Membership Rewards points – click here. The bonus on American Express Business Gold is increased to 60,000 Membership Rewards points – click here. T&C apply, see the application forms for details.
American Express Business Platinum
Crazy 120,000 points bonus (to 30th March) and a £200 Amex Travel credit every year Read our full review
American Express Business Gold
60,000 points sign-up bonus (to 30th March) and free for a year Read our full review
British Airways Accelerating Business American Express
30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review
Capital On Tap Business Rewards Visa
Get a 10,000 points bonus plus an extra 500 points for our readers Read our full review
For a non-American Express option, we also recommend the Barclaycard Select Cashback card for sole traders and small businesses. It is FREE and you receive 1% cashback on your spending.
Barclaycard Select Cashback credit card
1% cashback (3% for 3 months if you apply by 31st March) and no annual fee Read our full review