Platinum Card® or Starwood Preferred Guest® cardholders, if you’re contemplating closing one of these cards, then before you cancel your credit card, you should call AMEX to see if there are any viable offers (waived annual fee or bonus points) for you to keep the card, otherwise known as “retention bonuses.” Keep in mind that AMEX doesn’t stick to one staple retention offer and it’ll vary based on card and your card-membership. There have been cardholders who reportedly got a higher retention offer than even the standard bonus offers, so if you’re interested, be sure to read on!
Editor’s Note: YMMV. Be sure to check out our in-depth guide on Credit Card Retention Bonus Offers an essential for Rules, Tips, & Tricks
 | Chase College CheckingSM: Get $100 as a new Chase checking customer when you open a Chase College CheckingSM account and complete 10 qualifying transactions within 60 days of account opening. Get Coupon---Chase College Checking Review |
| Chase Secure BankingSM: Earn a $100 bonus when you open a new Chase Secure BankingSM account online or enter your email address to get your coupon and bring it to a Chase branch to open an account. Make sure to complete 10 qualifying transactions within 60 days of coupon enrollment. Apply Now---Chase Secure Banking Review |
| Chase Private Client: Enjoy up to $3,000 bonus when you open a new Chase Private Client Checking account with qualifying activities. Get more from a personalized relationship when you open a new Chase Private Client Checking account with qualifying activities. Learn More---Chase Private Client Review |
“American Express is quite known for their prowess in the Retention Department and time in-time out, American Express does offer some exceptional retention bonuses. I try to call Amex every 90 days or so, just to make small talk with their CSR. Early afternoons work best, because that’s when most of the more friendly CSR’s are working. Ask for Goodwill points or extra miles…”
Learn more from our complete guide on Credit Card Retention Bonus Offers.
Platinum Card from American Express Retention Bonuses:
- Earn 30,000 MR points with a spending of $3,000 within 3 months
- Earn 20,000 MR points with a spending of $3,000 within 3 months
- Earn 10,000 points with no spend requirement attached
- Earn a $50 statement credit with no spend requirement
Platinum Card from American Express Features:
- Up to $200 for Uber rides annually. Credit and Uber VIP status available to Basic Card Member only.
- 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
- 5X Membership Rewards® points on eligible hotels booked on amextravel.com.
- As a Platinum Card Member, you can enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
- Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
- $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
Starwood Preferred Guest® Credit Card Retention Bonus:
- Earn 7,000 SPG points with a spending of $3,000 within 3 months
- Earn 7,000 SPG points with a spending of $1,000 within 3 months
- Earn $75 Statement Credit with a spending of $3,000 within 3 months
Starwood Preferred Guest Credit Card Features:
- Earn 2 Starpoints® for each dollar of eligible purchases spent at participating SPG® & Marriott Rewards® hotels. Earn 1 Starpoint for all other purchases.
- No Foreign Transaction Fees on International purchases.
- Redeem Starpoints® at over 1,300 participating hotels and resorts in over 100 countries and for flights on more than 150 airlines with SPG flights, all with no blackout dates.
- $0 introductory annual fee for the first year, then $95.
Final Analysis:
Before you close your Platinum Card® or Starwood Preferred Guest® Cards, remember that American Express has perhaps one of the best retention services known to banking history. There’s a chance that you could walk out of this with a fee-waiver (highly unlikely on the Platinum Card) or a retention bonus. There’s no surreal risk from asking either and only takes minutes out of your day. Try asking for the 30,000 MR point or 7,000 SPG point offer and sometimes, they’ll offer you a lesser bonus or nothing. This is highly YMMV, if you’re currently not interested or this post doesn’t pertain to you then be sure to check out our full list of Credit Card Bonuses for all of your credit card needs.
 With the American Express® High Yield Savings Account: • Earn 1.90% APY as of 9/15/22 on your deposits. Your High Yield Savings account earns interest daily and is posted to your account monthly. • Links easily with your current bank accounts. No need to switch banks. • FDIC Insured. Your account is insured to at least $250,000 per depositor. • 24/7 Account Access |
