AMEX BCP annual fee

[YAK25]

Hi.

 

Anyone ever had any luck offsetting an AMEX annual fee or getting some kind of a retention bonus? I recently called the main line with regard to an annual fee on my BCP, and both the CSR and a supervisor told me that there was nothing they could do or offer me, despite my suggestion that I was seriously considering cancelling or at least downgrading the card to the no-annual-fee version.

 

Just wondering if I should try my luck again with a different CSR or if there is a different number that I should call that would be more successful. As always, any feedback and help is greatly appreciated. Thanks!

[shifter]

Nope.

 

They'll just let you cancel.

[funkiehouse]

You can try but as Shifty said you probably won't have much luck. Either drop to the no fee version or use it every time at the grocery store and gas station. I'm actually going to switch to the fee version because I can easily make it up and make more than with the no fee one. It all depends on your spending with that card. Going down to the no fee card wont hurt anything.

[mendelssohn]

Buy Visa gift cards to make sure you hit the $6K cap.

[thewanderer]

As said previously, AMEX doesn't generally fold to the consumer they will just let you cancel/down grade.

[YAK25]

Thanks for all the feedback. I'm guessing I will likely keep the card, since (as everyone agrees) the benefits far outweigh the annual fee.

[PhoenixDown]

Would you get more value by downgrading? What about converting to the new blue card?

 

 

Sent from my iPhone using Tapatalk

[ihatedcu]

The AF is definitely worth it for this card.

[YAK25]

There is no question that the annual fee "is definitely worth it." While it would be preferable if there was some way to waive or offset the AF, I think I am better of in the long run with keeping the card (and paying the AF) than downgrading to the no-annual-fee version..

[ihatedcu]

I use BCP as a Costco card.

2% back from Costco executive

6% back from AmEx minus 4.95 activation fee.

8% back from already low price Costco, my wifes' dream card.

[Zobelle]

I use BCP as a Costco card.

2% back from Costco executive

6% back from AmEx minus 4.95 activation fee.

8% back from already low price Costco, my wifes' dream card.

 

Smart move!

[cv91915]

I use BCP as a Costco card.

2% back from Costco executive

6% back from AmEx minus 4.95 activation fee.

8% back from already low price Costco, my wifes' dream card.

 

I think you need to check some of that again.

 

- $4.95 activation fee? Are you talking about a Serve or a Bluebird?

- 8% back at Costco? Costco doesn't even count as a grocery store for BCP.

 

Examples of merchants where you will NOT earn additional rewards include:

• Specialty stores (e.g., fish markets, cheese shops, wine shops, and other specialty food stores )

• Superstores (e.g. Amazon, Target and Wal-Mart)

• Warehouse clubs (e.g. BJ's Club and Costco Wholesale)

[mizliz1011]

Good Call, CV...

[mendelssohn]

 

I use BCP as a Costco card.

2% back from Costco executive

6% back from AmEx minus 4.95 activation fee.

8% back from already low price Costco, my wifes' dream card.

 

I think you need to check some of that again.

 

- $4.95 activation fee? Are you talking about a Serve or a Bluebird?

- 8% back at Costco? Costco doesn't even count as a grocery store for BCP.

 

Examples of merchants where you will NOT earn additional rewards include:

• Specialty stores (e.g., fish markets, cheese shops, wine shops, and other specialty food stores )

• Superstores (e.g. Amazon, Target and Wal-Mart)

• Warehouse clubs (e.g. BJ's Club and Costco Wholesale)

 

 

+1

 

I think he's a little confused.

[BDK]

No way do you get 6% CB from Costco, as already said!

[ihatedcu]

Of course amex gift card.

 

Geezer, do I have to spell it out.

Edited November 4, 2014 by ihatedcu

[cv91915]

Of course amex gift card.

Geezer, do I have to spell it out.

Good lord.

[BDK]

No way do you get 6% CB from Costco, as already said!

Retracted.

[ihatedcu]

 

 

No way do you get 6% CB from Costco, as already said!

Retracted.

Sorry, penfed got my g-string in a bunch.

[BDK]

 

 

No way do you get 6% CB from Costco, as already said!

Retracted.

Sorry, penfed got my g-string in a bunch.

 

No worries, I like how you think!

[mendelssohn]

Of course amex gift card.

 

Geezer, do I have to spell it out.

 

The bottom line is that it is fairly easy for almost anyone to max the $6K cap, so this card is worth the AF.

[BDK]

 

Of course amex gift card.

 

Geezer, do I have to spell it out.

 

The bottom line is that it is fairly easy for almost anyone to max the $6K cap, so this card is worth the AF.

 

It was much better back before the cap. $6K is too low....

[mendelssohn]

 

 

 

Of course amex gift card.

 

Geezer, do I have to spell it out.

 

The bottom line is that it is fairly easy for almost anyone to max the $6K cap, so this card is worth the AF.

It was much better back before the cap. $6K is too low....

That's 1 month for some people.

[BDK]

 

 

 

Of course amex gift card.

 

Geezer, do I have to spell it out.

 

The bottom line is that it is fairly easy for almost anyone to max the $6K cap, so this card is worth the AF.

It was much better back before the cap. $6K is too low....

That's 1 month 1.25 DAYS for some people.

 

[ihatedcu]

Here a better one, 5% gas with home depot and Lowes with no spending cap.

 

In socal ARCO is the cheapest gas, but they don't take credit card. ARCO is around 20¢ cheaper than Shell.

 

Lowes gives you 5% for anything over$299.00, but you gotta spend over $299.

 

A better method is to go to home depot and grab some ARCO gift card. Show home depot your Lowes card. Automatic 5% off without spending $300.

 

 

Shell is around $3.25 x 5% DC = 3.09

ARCO is $3.05 x 5% DC = 2.90

So I save around .19¢ per gallon plus ARCO has a minimart where I buy my snack, drinks, and cigs.

 

I save on avg $100 per month.