American Express offers a limited yet highly rewarding and varied credit card range in India. The AmEx Platinum Travel Credit Card is one of its most renowned offerings, providing a high reward rate and additional lifestyle benefits such as free airport lounge access.
Cardholders can get a high reward rate on reaching milestone spends of ₹1.9 lakh and ₹4 lakh, respectively, with the Platinum Travel Card. Many people are initially attracted to this card, but some may be discouraged from applying for it by its high joining and annual fee of ₹5,000 + GST. While the card offers an attractive joining benefit of 10,000 bonus Membership Rewards points (plus an additional 4,000 points on applying through our referral), which can offset the joining fee, there are limited renewal benefits associated with the Platinum Travel Credit Card.
In this article, we will guide those who are contemplating the renewal of their card membership on how to maximize the value of their renewal charges. Cardholders shall be able to get bonus MR Points, waive the annual charges entirely, and more. Please note retention benefits may not be provided to all and are entirely dependent upon American Express.
Does the AmEx Platinum Travel Card Have an Annual Fee Waiver?
Well, plainly put, the American Express Platinum Travel Credit Card does not have any renewal benefits or spend-based fee renewal waivers. Yet, many cardholders have been known to ask for or be offered various incentives to continue their card membership with AmEx.
Those with American Express Platinum Travel Credit Card can connect with American Express customer support and ask for a renewal fee waiver. American Express, being a global premium brand offers the best to retain its customers. This method is usually known to work for those who have spent a lot on their AmEx Credit Card.
What Does American Express Offer for Platinum Travel Credit Card Renewal?
Individuals with an upcoming renewal fee can request a review 30 days before it is charged and up to 90 days after it has been charged (confirmed by American Express). The American Express customer retention team shall offer users three main choices, if any, for their Platinum Travel Credit Card renewal.
- Pay Full Annual Charges of ₹5,900 (Renewal Fee Including GST) and Get 10,000 Bonus MR Points.
- Pay Half of the Annual Renewal Charges (₹2,950) (No Bonus MR Points).
- Pay 10,000 Membership Rewards Points Instead of the Renewal Charges.
Paying half the annual card charges would be the most beneficial option. Earlier, American Express also used to offer spend-based waivers (Spend ₹1.5 Lakh in 90 Days to Waive the Annual Charges), but those have not been offered to anyone recently.
Bottom Line
The Platinum Travel Credit Card is one of AmEx’s best offerings. Those who opt for this card can easily get an 8% to 9% return on their purchases if they meet the required spending. One of the most beneficial features of the card has to be the Taj vouchers worth ₹10,000 received on achieving spending of ₹4 lakh.
If you currently have or plan to apply for the American Express Platinum Travel Credit Card, do so without hesitation. There is a good chance you will be able to renew your card membership without paying the annual fee of ₹5,000 + GST. It’s important to note that the options available during card renewal vary for each cardholder. While some members may receive all three options, others might only get two. Therefore, it’s advisable to calculate the maximum benefits from these options and then choose the one that best suits your needs.
FAQs
What are the annual charges for American Express Platinum Travel Credit Card?
The AmEx Plat Travel Credit Card has an annual renewal charge of ₹5,000 + GST.
How can I ask for the annual charges to be waived for the AmEx Platinum Travel Credit Card?
You can contact American Express customer support to discuss your renewal fee waiver offer. It is ideal to do so in the month of your renewal.
Can I use my reward points to pay for the renewal fee?
If American Express presents an offer, cardholders can take advantage. If the waiver isn’t possible, consider using Membership Rewards points to offset the annual fee.