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Amex has had to get creative to try and keep cardholders happy during Covid-19. In particular, Platinum cardholders (who pay an annual fee of £575 for a range of predominantly travel related perks) have been offered a variety of different incentives to keep their cards. These have included bonus points offers, points value boosts, and 100% rebates at certain retailers.
Things had gone a bit quiet over the last couple of months though, so I’m sure fellow cardholders will be pleased to see there is a new 100% rebate offer (up to £100) on their card offers as of this morning:
“Save to Card and shop online and instore with Waitrose & Partners, Harvey Nichols, Selfridges and John Lewis & Partners store(s) and online at Deliveroo and we’ll credit your account for the first £100 of spend, up to 22/12/2020. Terms, locations, payment restrictions apply.”
Note that you need to log in to your account and save the offer, in order to take advantage.
There are a number of standard exclusions, but nothing too unexpected:
- Department store concessions and outlets are not included in the offer.
- Waitrose & Partners exclusions: Cellar, Florist, Garden, Pet, Cookery school, foreign currency, Gift Section.
- Harvey Nichols exclusions: International delivery, gift cards, vouchers and dining within restaurant.
- John Lewis & Partners exclusions: Finance and Insurance products, Parking and John Lewis Opticians.
- Selfridges exclusions: International delivery.
This is another welcome gesture from Amex – but also a necessary one.
So far, I’ve now received 20,000 bonus points and £200 in 100% rebates. I value that at approximately £400 in total, but the annual fee is £575. My card year starts and ends in November, so I did manage to benefit from some of the travel benefits before lockdown. Overall, I think I’ve got my money’s worth out of the annual fee this year.
With Covid restrictions now set to last for another 6 months though, the decision on whether to renew my card is a tricky one. At the moment, my hope and expectation is that Amex will continue adapting and finding new ways to provide value. On the other hand, £575 isn’t an insignificant amount of money…
The really good thing with Amex, of course, is that you can cancel for a pro-rata refund at any time, so you don’t need to fully commit for the whole year.
What do you think? – Are you intending to keep your Platinum Card, or have you already cancelled?