Basil is becoming a Frugal Guy of the Jedi proportions. His email is a reminder that no credit card annual fee bill should be accepted and paid without asking for a retention bonus.
Here is Basil’s note to me:
“Called Amex – said the $395 for the platinum card was a tough pill to swallow and that I was thinking of dropping the platinum card and getting the Continental Visa with Club Access – they immediately offered up 15,000 points for me to stay with is worth at least $250 to me. So, I kept the card and have another year of lounge access for CO and AA and DL and NW.”
He asked and received 15,000 AMEX points for his effort. Please don’t forget to ask.
Chase Sapphire Preferred® Card
- Annual Fee: $95 fee waived for the first year
- Foreign Fees: No
- Card Type: Bank
The Sapphire Preferred offers 2x points on dining and travel, and no foreign transaction fees, making this the go-to card for travelers.
This card accumulates Ultimate Rewards points, which are very valuable for transfer to United and Hyatt. Overall, this card is a great choice for maximizing earnings on dining, travel, and every day spend.
- Earn 40,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening. That's $500 in travel when you redeem through Chase Ultimate RewardsSM
- Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening.
- 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases
- No foreign transaction fees, plus Chip and Signature enabled for international travel.
- 1:1 point transfer to leading frequent travel programs at full value — that means 1,000 Ultimate Rewards points equal 1,000 partner miles/points.
- 24/7 direct access to dedicated customer service specialists
- Introductory Annual Fee of $0 the first year, then $95