Question: How Do I Avoid AMEX Annual Fee?

American Express has an actual retention department, which can be reached directly by calling 800.452.


You can also call the number on the back of your card, and explain that you’re thinking about canceling the card, or you want to check if there’s any possibility of waiving the annual fee.

How do I get American Express annual fee waived?

The easiest way to get the fee waived is to call the number on the back of your card and request it. The fee will be waived for every year you remain on active duty. You get a number of shopping and travel benefits, including annual airline fee credits and monthly Uber credits.

How do I get my annual fee waived?

5 Ways to Get Your Credit Card’s Annual Fee Waived

  • Just ask.
  • Leverage your loyalty.
  • Inquire about specific card use.
  • Compare offers.
  • Call to cancel your account.
  • Pay the fee using your rewards.
  • Convert to another credit card.
  • Open a different credit card.

Is there an annual fee for American Express?

Skip The Annual Fee & Still Enjoy Great Benefits

You can get all this and more, for no annual fee. Every Credit Card with no annual fee comes with services you’d expect from American Express. Enjoy benefits that travel with you and earn points to use towards future travel.

Why does American Express charge an annual fee?

Instead of aiming to make the majority of its income from interest, Amex makes its money from swipe fees charged to merchants and annual fees charged to its customers. The company makes some interest income, but many of its core products are designed to generate no interest whatsoever.

How can I avoid paying my credit card annual fee?

Here are six tricks you can try to get out of your annual fee.

  1. Ask for the Annual Fee To Be Waived.
  2. Give an Ultimatum.
  3. Try Cards That Waive the Annual Fee for the First Year.
  4. Downgrade Your Card.
  5. Use Rewards to Pay the Annual Fee.
  6. Cancel Your Credit Card.

What happens if you don’t pay Amex Platinum in full?

Effective January 1, 2017, you will lose AMEX Membership Rewards points earned on AMEX Platinum charge cards if you do not pay the monthly statement in full by the due date. And you’ll no longer be able to pay a fee to reinstate points after a late payment. Other AMEX charge cards may be impacted as well.

Can I cancel a credit card before the annual fee?

Some card issuers will refund your fee if you close your accounts and it’s been fewer than 30 or 60 days. It’s best to make your decision early and avoid the potential charge by closing your account before the annual fee hits.

Do you have to pay annual fee on credit card if you don’t use it?

If you already have a credit card with an annual fee and simply don’t want to pay the fee anymore, it’s worth asking your credit card issuer if there are any promotional offers available on your account. The issuer might waive the fee, or offset it with a statement credit, if you agree to keep your account open.

Is it bad to cancel a credit card?

Depending on your total available credit, closing a credit card account with a high credit limit could hurt your credit score, particularly if you have high balances on other cards or loans. If you have zero balances, your credit utilization rate is zero, and won’t be impacted by the loss of a balance.

Are there any American Express cards without an annual fee?

Here are the best American Express no annual fee credit cards: Cash Back: Blue Cash Everyday® Card from American Express. Travel Rewards: Blue from American Express® Card. Business: American Express® Blue Business Cash Card.

What is the credit limit for American Express?

American Express limits the number of credit and charge cards you can have at one time to 4. So as long as you don’t have 4 credit cards open, you can apply for a new one — the same is true for charge cards.

Why is American Express so special?

American Express credit cards account for nearly one-quarter of all U.S. credit card spending – more than any other issuer. Amex (a WalletHub partner) has built this lead thanks to a reputation for strong customer service and attractive rewards. It’s also one of just a few credit card companies that offer charge cards.

Why is AmEx so expensive?

Why AmEx charges more

American Express charges higher swipe fees because it operates on a different business model from most credit card issuers. Those that decide it is will pay the fees (and adjust their prices to absorb them). Those that don’t think so will decline to take AmEx.

Does AmEx ever waive annual fee?

AMEX doesn’t waive annual fees, but sometimes they’ll offer a statement credit to help offset the cost of the annual fee.

Can AmEx waive annual fee?

If you’re an active-duty servicemember, Amex will waive your annual fee if you request it. The benefit is available as part of the Servicemembers Civil Relief Act (SCRA). The easiest way to get the fee waived is to call the number on the back of your card and request it.

What happens if you don’t activate your credit card?

If you don’t activate the card, the creditor will likely call to be sure that you received it. The other way the new card may affect your credit score is through your credit-available to credit-used ratio. (It’s also known as your debt-to-limit ratio or your credit utilization ratio.)

What is a annual fee?

Any fee that is charged on an annual (yearly) basis. One of the most common occurrences of an annual fee is the fee that is charged by some credit card companies to their credit card holders, simply for having the credit card.

Can I waive my credit card annual fee?

With so much money invested in bringing you onboard, some card issuers are willing to waive the annual fee in order to keep you. To have your annual fee waived, try calling the card issuer and simply asking.