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Hello!
I am considering whether the Amex Platinum would be worthwhile taking out. My husband and I have a big Asia trip planned this summer so would benefit from the Lounge access (including the Cebturion lounge in HKG) plus a few other perks. I’m also aware that if I apply quickly I’d benefit from a HN credit in June and then again in July. It is unlikely I could justify the card fee for a full 12 months. Are you able to take out the card, use for a few months and then cancel without paying the full £650?
Any advice appreciated. Thanks!
At present you can cancel the card for a pro rata refund of the fee but Amex does appear to be intending to change this at some point. If you look through the Amex threads there’s quite a bit of discussion.
Also check the Ts and Cs as a new applicant.
Thank you!
Hey Stephie,
@NorthernLass is right in practice. I’d just note that in a way you are taking a risk as “in theory” i.e. as per the T&C there is not much that would guarantee for you to get a refund pro-rata. That said, it definitely will work in practice until at least November, so well after your trip. Many are doing this and some even bank a nice retention bonus before cancelling the next day.As others have said yes you’re correct currently.
If you’d like to show HfP’s some love you could apply via Rob’s link.
https://www.headforpoints.com/2024/05/26/review-american-express-platinum-credit-card-amex-platinum/
Really useful information. Thank you both! I already have a referral link but thanks for offering – the advice is much appreciated.
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