Are you going to keep your Amex after all these 'enhancements'

[mini2]

Do you get a pro rate refund of your card's annual fee if you go ahead and cancel the card?

 

[spentan]

I already changed my Qantas Ultimate Card to the Platinum Edge, I was so keen at one point to get the Platinum charge, but now it seems like I'd rather stick to my Citibusiness Gold and make enough money (120k lol), to get a Citi Select!

 

[tbd]

Citibank select arrived today! Very excited. Will probably hang onto the Plat charge card for another year just to see what sort of value I get out of bonus offers and also to see how the points purchase works out as that could be very useful for SQ redemptions. Will also apply for a Westpac Krisflyer card to take care of ATO and other business expenses - hope these co-branded cards stay at 1.5 points per $!

 

[Cruiser Elite]

hope these co-branded cards stay at 1.5 points per $!

Me 2 / me 3 / me 4 and me 5, 6 and 7 on that one.

 

[Pukka]

I will definitely drop Plat Charge and also Plat Reserve after this change. I really only need Plat Edge as I won't travel much next 2 years.

I think the whole change is to flush out all the average transactors and people with their own ABNs to pay ATO bills etc. They want Amex Plat Charge card to be used for frequent travellers, and reinstate its "class" above other average CCs. In Asia they see Amex Plat Charge card as high status hence they probably want to reinforce it.

I am hoping that Citi will upgrade my existing fee free Citi Plat visa to Select very soon.

I put about 500K a year through the ATO, & 300K on stock for my business so I'm not happy about the changes but I figured it was only a matter of time. Citibank don't pay any rewards for ATO payments so I suppose at least Amex will pay 0.5pts. I sent an email to my relationship manager & said I was thinking of taking my spend elsewhere so we are having a discussion about it on Monday. Unfortunately I don't think there's any other option but I'll be interested to see what he offers if anything. It might be mainly business spend but it takes a lot of meals & flights to generate 800K so Amex will take a huge hit if people leave en masse. In the current economy I think Amex are making a big mistake, I don't think it's really the time to raise the profile of the card, just get their cut from the transactions through the door. I'd be interested to know how much the rewards actually cost them though.

 

[Cruiser Elite]

Citibank don't pay any rewards for ATO payments so I suppose at least Amex will pay 0.5pts.

Oh yes they do - 2 4 $1 on Select = 1.33KF pt/$1 - just hope they do not follow suit.