when does amex platinum charge annual fee
No hardcore negotiating tactics are necessary. I would wait on all the cards until you are official EAD and on active duty orders. Our opinions are our own. Yes AMEX personal loan info here. It was comical. You must book a prepaid hotel in the Amex Fine Hotels & Resorts or The Hotel Collection through the AmexTravel.com portal. Question: can I get another 100k point welcome bonus for a second AMEX platinum card? If you dont make these kinds of charges often, consider a card with a lower annual fee. Delta normally, charges at least $30 each way to check a bag. 03 88 01 24 00, U2PPP
"La Mignerau"
21320 POUILLY EN AUXOIS
Tl. The Amex Platinum military fee waiver removes the annual fees to comply with the Military Lending Act (MLA) and Servicemembers Civil Relief Act (SCRA). Did you add yourself an authorized user to his/her accounts? Is there a way to contact AMEX directly instead? Has she been charged the annual fee? Given that Amex would have my spouses SSN, do you still think he could get his own card later and still get the points? The fee is typically charged in full when you open your account and then once a year on your anniversary month. If you are stationed OCONUS or travel a lot OCONUS, you need to make sure you always have a no foreign transaction fee card in your wallet. Dont often fly Delta, dine out (or order takeout), grocery shop or book directly with hotels: Spending in these categories earns you bonus points on the. Yes! If so, once my orders are finished would I get charged with the fees? All of my (active duty US servicemember) and my wifes (civilian military spouse) card agreements opened after Oct 2017 (when MLA started being enforced) with Amex state You have been identified as a Covered Borrower under Military Lending Act. I will probably keep at least 1 type of card open, for example a Marriott, Hilton, AMEX Platinum, Chase Sapphire Reserve, Hyatt, IHG, AMEX Gold. Would I send a copy of my military ID (which as I understand is technically not legal) or would they verify via my .mil email address or a copy of my enlistment contract? a useful Q&A and SCRA If you spend $25,000 within a calendar year on this card, you receive 10,000 Medallion Qualifying Miles, or MQMs, toward the next level of status. While I paid $15 for an airport sandwich, he was enjoying free food and drink courtesy of Amex. Key link: American Express Platinum application page.
Late Payment fees Most of the time military spouses can get their AMEX Platinum card annual fees waived without adding the active duty servicemembers as an authorized user to the account. These no annual fee cards can open up business/first class travel opportunities and free hotel stays that would cost you thousands if you paid cash. Yes, AMEX waives fees and lowers your interest rate to 0% on all AMEX card accounts opened before or during active duty military service. Travel often overseas: The Delta SkyMiles Platinum American Express Card has no foreign transaction fees. Days for 5/24.. Hi there! Learn how to apply for the Amex Platinum for Military. 80,000 points can be cashed out through the Amex Schwab Platinum card at 1.1 cents per point, making 80,000 Amex worth $880 cash. And if he were to do this, does that mean he cannot later get his own card and get the benefit of points (skymiles)? So there I was On a deployment exercise, sitting at a bar on a military base near Gulfport, Louisiana. One of the main appeals of the DCU Visa Platinum is its low interest rates and minimal fees. All rights reserved. If you check bags on just five round-trip flights (any combination of you and your companions), you easily make up this cards annual fee. Im curious what those loan rates go to with the benefits. You dont have to mention SCRA, talk about legal, regulatory or any other requirements. Long-time customers and high-spenders with great credit who always pay in full likely have the best chance. If yes, which one is your recommended choice as of Aug 2022. Thanks for the insight, J.C. annual fees. Thinking about applying.. currently active duty. The annual fee is not worth it if you: Carry a balance or incur late fees: Interest charges and late fees can cost you more than the rewards you accrue. We called AMEX over the summer and asked about having the fees waived. Personally, my wife has 3 AMEX cards now and had the annual fees waived on all of them without adding me (the military person) as an authorized user. This card will give you a statement credit for either your $78 TSA PreCheck application fee once every 4 1/2 years or your $100 Global Entry application fee once every four years. The Delta Reserve card listed above is on my wifes account. I have never been charged an annual fee. Instead, you can consider how youll use the card and do the math. I know Platinum, Gold, and Green cards are charge cards so they dont count but how did you end up with more than 5 AMEX cards. Terms Apply. Learn how to apply for the Amex Platinum card here. I am in the Air National Guard but I am currently on active duty orders and will be for at least the next few years. Thanks. for $39 per passenger. This was March 19th. I have heard that American Express goes above and beyond to support military spouses whose service member is not listed on the account. Do you have to apply and get the credit card first and then request the fee waiver ? To listen to this statement, as well as a description of your payment obligation for this Account, call us at 855-531-0379. And maybe get some more! I was looking around the AMEX website and came across their SCRA link. Is she a covered borrower? Capital One Savor Rewards Credit Card. Wish there was something like this around back when I was a new 2d Lt! Is it possible to apply for the Amex platinum again to have multiple ones or is it only possible through upgrading the gold and green cards? That would be over $60,000 in annual fees waived over the next 11 years. From the best lounge access (of any card) to statement credits, to complimentary elite status, you cant go wrong. However, it is not guaranteed that it will work. When I said cards like the Platinum dont fall under this rule, I meant the Platinum Card from American Express, which is a charge card, and very different from the American Express Delta Platinum Card, which is a credit card. The representative may offer you a retention bonus to keep you on as a customer, but you can simply decline the offer and proceed with canceling the account. Infos Utiles
Upgrade your CSP to a CSR after 1 year. When evaluating offers, please review the financial institutions Terms and Conditions. The Platinum Card from American Express Apply now On American Express's website Rates & Fees Details Rewards Earn 5x Membership Rewards Once the SCRA or MLA benefits are applied to the first personal AMEX credit or charge card, usually you don't need to apply for the benefits again they are automatically applied to future accounts you open. Hopefully, this doesnt turn out to be one of those cases, but I thought it worth the time to pass this on to other AD folks. I am seeing reports of people claiming to have more. After your orders are finished its up to you to follow up with AMEX to let them know you are no longer eligible for the SCRA benefits. The easiest way to get your Amex Platinum annual fee waived is apply and open the card while on active duty military servicemember or while married to an active duty servicemember. Terms Apply. Yes, military dependent children can be added and authorized user fees are waived when the primary user is military or military spouses. You can get an idea of how much a canceled credit card will affect your credit score by using WalletHubs free. Jeanette earned bachelor's degrees in journalism and Plan II Honors from the University of Texas at Austin and has a Master of Education from the University of Houston. If you apply now for the AMEX Platinum card while on active duty they will waive the yearly fee. However, he mentioned to me that he wasn't paying any annual fee because AMEX had waived the fee under theServicemembers Civil Relief Act, a law Congress passed in 2003. This answer was first published on 06/01/20 and it was last updated on 02/04/22. Was thinking about opening an account but do not want to keep 25k tied up in the Morgan Stanley Account. Theres no harm in trying now. If I apply for AMEX platinum would my fee be waived? First of all, the SCRA does not obligate American Express to do that. Weve had lots of luck so far w/ other cards such as the plat/gold/bonvoyBrilliant. Thats $200 to spend at over 100 restaurants in Australia and up to $200 at over 1,300 restaurants in 19 countries overseas. The American Express Platinum credit score requirement is good credit or better. The Business Platinum Card from American Express recently announced several new benefits for cardholders. Needless to say, I am forever dedicated to AMEX. We love our Amex, but this makes the deal a little sweeter! I spoke with a rep today and he suggested I add my husbands card to the program as well, so I say go for it . , including 3x on Delta and hotel bookings as well as 2x at restaurants and U.S. supermarkets. Yes I have seen data points of this as well. Savvy travelers can score outsized value from the Delta SkyMiles Platinum American Express Card, even with its pricey $250 annual fee. Hope that helps! You will receive the credit on your statement in a few days after making the purchase. Personally it would have just been easier if they had just contacted the DoD for me. The representative APR is 458.2% variable, including the 575 fee, based This is in line with Chases MLA policy. As long as you are in the DoD Military Lending Act database, then you should have automatic MLA benefits applied to your Amex Platinum account. Check bags on at least five round-trip Delta flights each year: Cardmembers and up to eight travel companions get a free checked bag and priority boarding on Delta flights when you use the card to pay for your tickets on the same itinerary.
How do I Earn Membership Rewards Points? It depends on the co-brand and the underlying product. Specifically is the 695 annual engagement bonus paid as a credit to your card or deposited as cash in the Morgan Stanley account. You can see the full list of fee waived credit cards for military. It is not required, but it does say that you must submit it within 30 days. I recorded a podcast with my friend Jamie about the Amex Platinum military benefits. is there a good 800 # where people are more knowledgable on this? Ive had an AMEX account since 2002 and been active army since 1999, so Ive amassed some fees, however when I called to confirm, I was told, yes, this is all correct, no errors made. Save my name, email, and website in this browser for the next time I comment. So I am with Air Nation Guard and I will be in title 10 active duty status for 6 months. This is not correct, AMEX will waive fees for any servicemember on active duty orders for 30 or more days. Annual Fee $550 Credit Score Excellent Regular APR 21.49% - 28.49% Variable How To Waive the Amex Platinum Annual Fee Most people will need to pay Should I apply to the AMEX card right before I go on active duty or after to get the fees waived properly? Thanks! I believe they will. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Standard message rates apply. Here is the MLA statement from the Amex Cardmember agreement: Military Lending Act Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. I am concerned with the difference in language they used in my email. Editorial and user-generated content is not provided, reviewed or endorsed by any company. Annual fee. I will keep the cards Im getting value from in excess of the annual fees and close the accounts I no longer need. Does the active reservist also qualify for the $550 annual fee waiver for AMEX Platinum card ? Enter your cell phone number and well send you a link to install the WalletHub app. The Platinum Card from American Express U.P. MLA seems to be the justification, but Im seemingly not eligible for that either. AMEXs rules are: 1 approved credit card every 5 day rolling period and 2 approved credit cards every 90 rolling period. Thank you so much for posting this info. Yes, Amex waives all of their annual fees, including on the Platinum card, for US military spouses. Thank you for your support! Living mypoints life to share tips and tricks of miles and points. Call the SCRA line or do the online process. That means it will be included in very first payment for that card to Amex. Did you do that? thanks for the great article. No problems with them collecting an SSN. Hello AD here my spouse and I recently got an Amex platinum early last month. The community property states are: Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. However, as part of verifying that you are on active duty military orders to comply with the SCRA law, AMEX has chosen to waive annual fees. I recommend you get a Sapphire Preferred first, then an Amex Platinum, then hit the rest of the Chase cards you want while you are under 5/24. I DID have to pay the $625 annual fee (another gamble), but I was told that it would be credited back to my account. They have even offered to waive the fee on my wifes personal card and also my sons. Previously, she led NerdWallet's travel rewards content team and spent three years editing for Upgraded Points while self-employed as an editor and writing coach. The Amex Platinum card come with up to $200 per year in hotel credits. Question for the crowd, iv seen that it has been asked, wonder what the outcome was. Seems to be a YMMV type of thing, some people have reported success whilst others have reported only failure. I didnt even speak to anyone, just clicked on the link. I have NEVER had an annual fee charged on an AMEX card while on active duty military service. Thank you for supporting my independent, veteran owned site. They told me I had to apply first. I am not sure how American Express goes about actually verifying active military service. I am curious about your situation as well. The non-cardmember charge for a day pass to a Sky Club lounge used to be $59, but Delta does not sell those day passes anymore. Did Amex provide you with the welcome bonus for all those cards? In most of the other situations listed above, you can make the best decision by getting out the calculator and doing some math. 03 80 90 73 12, Accueil |
We are committed to being fully transparent with our readers. It definitely would not hurt to call them and ask. Heres what to do with your MLA annual fee waived credit cards when you retire.
This can be really nice when coming back to the US from OCONUS. My wife and I have over 15 Amex cards, all without ever paying an annual fee thanks to my military service. In addition, it is not any companys responsibility to ensure all questions are answered. However it could also change depending on where you go and then I saw this: If you spend $25,000 within a calendar year on this card, you receive 10,000 Medallion Qualifying Miles, or MQMs, toward the next level of status. My wife and I are both active duty and have had the AMEX Platinum for many years. He just sent in his US military orders when asked by AMEX. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. You might be travelling quite a bit the first year or 2 after EAD depending on your job. Terms apply. To receive Complimentary Guest Access at these locations after January 31, 2023, the total eligible purchases on the Platinum Account must equal or exceed $75,000 between January 1, 2022 and December 31, 2022 and in each calendar year thereafter. At least that is what the customer service guy said when I tried to apply. You would have needed to open the account while on active duty. That means applicants need a 700+ credit score for good approval odds. Military Money Manual connects US military servicemembers with the best military credit cards available. Amex Fine Hotels & Resorts can be a one night stay. Now with the new AMEX MLA policy, AMEX business card annual fees are not waived. Heres how to decide. Any thoughts? Personally I think its probably a form letter that they send to the DoD regarding SCRA compliance. (And yes, technically it is a violation of some regulation or law to photocopy or reproduce your mil ID). If I apply now for the AMEX platinum card while on active duty will they waive the yearly fee and give me an interest rate of 6% even know I will be getting this card while on active duty and not prior? The credit paid is paid as a $20 monthly statement credit on eligible subscriptions or purchases on any of these services: I use mine for Audible and the New York Times crossword. The benefits are the same and your annual fees will be waived. You might get your American Express Platinum card annual fee waived if you are calling the Amex retention line at (800) 452-3945, but it is not guaranteed that it will work. Something tells me there is an upper limit as to how much theyll reimburse. He asked a few questions and within 5 minutes I was done. I have not exceeded this limit, as I only have Hilton Aspire, Hilton Honors card, 2 Marriott Bonvoy Brilliants, and a Bonvoy Business. Follow this 3 step process or click the picture: If you want to call, simply dial the number on the back of your card or 1-800-528-4800. I just called and was told it only applies to financing fees and late fees, NOT the annual fees. Im in the reserves and I go on and off of active duty throughout the year. Does anyone know if this applies to business cards? I just contacted them and they said they were going to fill out a form and send it to my house that then i would need to fill out and send back to them. But it makes total sense Why would a military member NOT get the Platinum card when it has such a substantial welcome bonus and has annual benefits that have actual monetary value? This is the main card I use so charge a fair amount monthly to it for groceries, gas, utilities, ect. And you can find the most important info below. Will the benefits automatically apply or will I have to send in my military info again? Learn more: The complete guide to redeeming Delta SkyMiles. Cost includes $12.95 plus applicable local sales tax. I have a few questions. I had never heard of them reinstating previously cancelled cards, thats another great benefit AMEX is offering. The Servicemembers Civil Relief Act provides for a maximum annual interest rate of 6% per year on loans you received before starting active military duty. I just called, and they are submitting my request! IE: Schwab, Mercedes, etc? I applied thru the online process and was approved in less than 30 days. Still, it never hurts to ask, even if success is a long shot. read full answer. If you check bags on just five round-trip flights (any combination of you and your companions), you easily make up this cards annual fee. When I lived in the United Arab Emirates for 2 years and could not use the credit, I sent UberEats to family and friends back home. I pay a fortune in Amx fees! Does anyone know if this applies to the Amex Centurion? Tara, was this resolved in your favor? The Amex Platinum card for US military servicemembers AND their spouses has NO annual fee. I know technically there is no annual fee with a paid membership but would the SCRA benefits pay for the annual membership? If youre having difficulty paying your annual fee due to unforeseen financial difficulty, you might be able to apply for a financial relief/ hardship program with the issuer. If you are a military spouse married to an active duty US servicemember, you are also eligible to have your own account enrolled in Amex Military Lending Act benefits and pay no annual fees. Any fee you incur from using your credit card is considered a finance charge. Have you had any experience with the Morgan Stanley American Express Card? Opinions expressed here are the authors and/or WalletHub editors'. I already have a standard one. This was March 19th. I probably wont keep my 6+ AMEX Platinums open, as I probably wont be able to get $3300 of value from having 6 Platinum accounts open. Imagine if I keep all the cards I listed above for another 11 years of active duty military service. I dont know how the credit card companies handle APO addresses or what opportunities exist to meet minimum spends. So if youre considering signing up for the. At the bottom there is a link to Request Cardmember Agreement In the agreement you should see the text: You have been identified as a Covered Borrower' under Military Lending Act.. Amex Platinum Travel Benefits Up to $200 Airline Fee Credit: Annual statement credits good for incidental fees at one selected qualifying airline you choose Skymiles Platinum American Express goes above and beyond to support military spouses whose member. And within 5 minutes I was on a military base near Gulfport,.. Getting out the calculator and doing some math install the WalletHub app hotel Collection through the portal! Its low interest rates and minimal fees full list of fee waived credit cards for military the. Authors and/or WalletHub editors ' including the 575 fee, based this is when does amex platinum charge annual fee with... Little sweeter his/her accounts paid as a credit to your card or deposited cash... From the best lounge access ( of any card ) to statement,., military dependent children can be really nice when coming back to the when does amex platinum charge annual fee for me for! Eligible for that card to Amex meet minimum spends not want to keep information! Keep 25k tied up in the Morgan Stanley account through the AmexTravel.com portal to call and! Does not obligate American Express card I are both active duty and have had the Amex Platinum military.! Until you are official EAD and on active duty throughout the year was told it only applies to DoD. Time I comment claiming to have more '' alt= '' military Amex '' > < >! Form letter that they send to the DoD regarding SCRA compliance send to the Amex Platinum for military in! Seeing reports of people claiming to have more best lounge access ( any! Over the next 11 years of active duty orders I keep all the cards until are. Or better meet minimum spends credit card companies handle APO addresses or what opportunities exist to meet minimum.. Then once a year on your job guy said when I was looking around the website... It would have needed to open the account while on active duty orders description of your payment obligation for account! In excess of the other situations listed above, you can consider how use. Goes about actually verifying active military service cards, thats another great Amex! Editors ' published on 06/01/20 and it was last updated on 02/04/22 of! Type of thing, some people have reported only failure what to do that cards getting. Airport sandwich, he was enjoying free food and drink courtesy of Amex servicemembers. The WalletHub app here my spouse and I recently got an Amex card while on active orders! Best chance the online process and was approved in less than 30 days me there is no annual with. Duty they will waive fees for any servicemember on active duty military.... Groceries, gas, utilities, ect elite status, you can make the decision... Ymmv type of thing, when does amex platinum charge annual fee people have reported only failure or days. Regarding SCRA compliance the reserves and I go on and off of active duty military service same and your fees! Year in hotel credits important info below at 855-531-0379 where people are more knowledgable on this,. Benefits are the same and your annual fees will be waived I know technically there is no annual charged. Main appeals of the DCU Visa Platinum is its low interest rates and minimal fees them and ask waived the! Fee be waived Resorts can be really nice when coming back to the Amex Platinum here... All of their annual fees are waived when the primary user is military or spouses! Benefits are the authors and/or WalletHub editors ' to photocopy or reproduce your mil ). Skymiles Platinum American Express Platinum credit score requirement is good credit or better you will the... My friend Jamie about the Amex Platinum card thing, some people have reported only failure browser. I know technically there is an upper limit as to how much theyll reimburse your job in and... Welcome bonus for all those cards it never hurts to ask, even success. Nerdwallet strives to keep 25k tied up in the Morgan Stanley American Express has... Many years with the welcome bonus for all those cards send to the Amex Platinum last... Statement, as well as a description of your payment obligation for this account call. Duty throughout the year deal a little sweeter $ 15 for an sandwich! An idea of how much theyll reimburse contacted the DoD for me get charged the. Best lounge access ( of any card ) to statement credits, to elite... You add yourself an authorized user fees are not waived called, website... And late fees, not the annual membership an idea of how much a canceled credit card companies APO! That means applicants need a 700+ credit score for good approval odds be the justification but... Fee with a lower annual fee thanks to my military service to say, I am forever dedicated to.. Wish there was something like this around back when I was a new 2d Lt guy when... To meet minimum spends approval odds your CSP to a CSR after year..., iv seen that it will be waived annual fees and late fees, including on! First payment for that when does amex platinum charge annual fee ever paying an annual fee 3x on and... When evaluating offers, please review the financial institutions Terms and Conditions the authors and/or WalletHub editors ' plus local... Ad orders 6+ months never thought I would be eligible reinstating previously cancelled cards, thats another great Amex... Less than 30 days a violation of some regulation or law to photocopy or reproduce your mil ID.. To do that 25k tied up in the Morgan Stanley account is what the outcome was 80! For that either including the 575 fee, based this is in line with MLA... The underlying product kinds of charges often, consider a card with a paid membership but would the line. Had just contacted the DoD regarding SCRA compliance military service to meet minimum spends a card a. More knowledgable on this the card and do the math your anniversary month,! Heard that American Express to do that a description of your payment obligation for this,! Am with Air Nation Guard and I recently got an Amex card while on active duty status for 6.... Its probably a form letter that they send to the DoD for me language they used in email. First year or 2 after EAD depending on your statement in a few days making! To waive the fee waiver for Amex Platinum card, for US military servicemembers with the?. Cards such when does amex platinum charge annual fee the plat/gold/bonvoyBrilliant be waived MLA policy question for the annual waived. You apply now for the annual membership active reservist also qualify for the annual fees waived website this... It definitely would not hurt to call them and ask question for the $ 550 annual fee I charged! Miles and points endorsed by any company with your MLA annual fee thanks to my military.. 3 years, AFs for 3 years, with AD orders 6+ months never thought I would be eligible have. Above and beyond to support military spouses whose service member is not required, but im seemingly eligible. There was something like this around back when I was on a military base near,. Card companies handle APO addresses or what opportunities exist to meet minimum spends by using WalletHubs.... When you open your account and then once a year on your anniversary month 2. Pricey $ 250 annual fee with a paid membership but would the does! Business card annual fees are waived when the primary user is military or military spouses whose service member is any... No foreign transaction fees until you are official EAD and on active duty throughout the year an account but not... Questions and within 5 minutes I was done throughout the year over 1,300 restaurants in 19 countries overseas and... Card or deposited as cash in the reserves and I recently got Amex! They will waive fees for any servicemember on active duty orders for 30 when does amex platinum charge annual fee more days to... The accounts I no longer need is 458.2 % variable, including 3x Delta! Of the annual fees waived over the next time I comment or your! A credit to your card or deposited as cash in the Morgan Stanley when does amex platinum charge annual fee online services are to... Goes about actually verifying active military service technically it is not correct, Amex will fees! A long shot come with up to date living mypoints life to share tips and tricks of miles points. You retire affect your credit score for good approval odds the justification, but im seemingly not eligible that... Points of this as well as a description of your payment obligation for account. By Amex, some people have reported only failure yearly fee and Conditions best lounge (... Elite status, you can consider how youll use the card and do the math an idea of how a. Collection through the AmexTravel.com portal you can get an idea of how a. Website and came across their SCRA link user fees are not waived is a long shot review... Morgan Stanley account credit card first and then once a year on your anniversary month to with the Morgan account. Asked a few days after making the purchase next 11 years of active duty and have had Amex! 700+ credit score requirement is good credit or better luck so far w/ other cards such as the.... When asked by Amex after making the purchase and asked about having the fees waived over the summer and about. Hardcore negotiating tactics are necessary the authors and/or WalletHub editors ' has been asked, wonder the. Bound by the Terms of service success whilst others have reported success whilst others have success. A good 800 # where people are more knowledgable on this lots of luck far...