Will Amex Waive My Annual Fee?

How hard is Amex Platinum?

It will be difficult for the average person to get Amex Platinum because of the card’s 700+ credit score requirement and reportedly high income requirement.

Anecdotal evidence suggests most people need to make at least $40,000 to $50,000 per year and that approval odds are best with $100,000 or more in annual income..

How can I get my annual credit card fee waived?

So, if you are interested in keeping your credit card without the annual fee, give your issuer a call and simply ask them to waive it. It’s possible they will waive it outright, but more than likely they will find a way to credit you the amount through a statement credit or additional rewards.

Should I cancel my American Express card?

I highly suggest that you avoid canceling your American Express cards before you have been hit with the annual fee. For example, some people like to cancel American Express cards right after they receive a welcome bonus. Doing this could really hurt your relationship with American Express.

Is Amex Platinum free for veterans?

This perk gives the applicant access to a variety of AMEX cards including its American Express Platinum for Military with a waived $550-per-year fee, plus the following: 60,000 point sign-up bonus. Centurion and Priority Pass lounge access.

What if I didn’t use my credit card?

You might think they’d rather keep it open in the event that you might use it and rack up interest charges. However, if enough time goes by without activity, the issuer actually loses money on your dormant account. Most credit card issuers do not charge an inactivity or dormant account fee on unused credit cards.

How does Amex charge annual fee?

The annual fee gets charged immediately when your account is opened. The full amount will be applied to your first statement and will be due along with any other charges you make during that period.

How do I waive AMEX annual fee Singapore?

American Express – AMEX Annual Fee Waiver (Manual)Call 1800-392-2020 (Singapore) or 65-6392-2020 (Overseas)Press 1 to confirm Credit Card number & skip to Point 6.OR press 2 & Enter Credit Card number.Enter 4-digit Customer Passcode/Password.OR hold the line & enter Date of Birth in DDMM format.More items…•

Does American Express waive annual fees for veterans?

The SCRA law that allows active duty military servicemembers to get their annual fees waived on all American Express cards does not extend the same protections to military veterans and retirees. … Therefore, military vets need to pay the $550/year annual fees on the Platinum Card from American Express.

How do I get my Amex annual fee waived?

To get American Express Platinum’s annual fee waived, call the American Express retention department at 1 (800) 452-3945. State that you’re considering cancelling or switching cards because of the high annual fee.

Is zero balance on credit card bad?

Unless your balance is always zero, your credit report will probably show balance higher than what you’re currently carrying. Fortunately, carrying a balance won’t hurt your credit score as long as the balance you do have isn’t too high (above 30 percent of the credit limit).

Can I downgrade my Amex platinum to gold?

Let’s start by making one thing clear: If you do decide to downgrade your Platinum card, you need to close it and then open an American Express Gold Card rather than call Amex and request a downgrade. A product change will not entitle you to the welcome offer for the Gold Card, and you don’t want to miss out on that.

What credit score is needed for Amex Platinum?

700To apply for The Platinum Card® from American Express, you need to have a good or excellent credit score. This means you need a credit score of at least 700. The average applicant has a score of 715. Although, some applicants have been approved with a credit score as low as 643.

Does Amex refund annual fee?

American Express will refund the annual fee on a card if you cancel it within 30 days of the closing date of the billing statement on which the fee appears. Beyond that period, a refund is not possible.

Will I get charged if I don’t use my credit card?

But there’s no standard timeframe for when a credit card issuer will decide to close an account due to inactivity. … However, you will not be charged any sort of inactivity fee by your credit card company if you don’t use your card to make purchases or other types of transactions for a prolonged period of time.

Does Cancelling credit card hurt score?

A credit card can be canceled without harming your credit score⁠—paying off your balances first is key. Closing a credit card will not impact your credit history, which factors into your score.