when does amex platinum charge annual fee

This is in line with Chases MLA policy. Its been a great ten years. Already have a more rewarding card: If you have cards that pay even more bonus points for dining, travel or other bonus categories where you spend most, using this card could be costing you points. You can see the full list of fee waived credit cards for military. I have never been charged an annual fee. Plus+. Now, what Im most interested in finding out (but the second lady didnt have an answer for) is their exact policy on retroactively reimbursing fees. I did the process and am waiting to hear back.

I applied when I returned 2 days after my ADT was completed. 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. Yes, during your Title 10 service you are eligible for SCRA benefits. You dont have to mention SCRA, talk about legal, regulatory or any other requirements. 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 AMEX declined to waive the annual fee for my recently opened business AMEX card because AMEX is only applying the MLA to personal credit cards and loans. Heres how to decide. As an example, I recently cashed in 240,000 AMEX MR points for $27,000 first class flight from Hawaii to Tokyo, Japan. Does it work for civilian spouse as well? Note that this only applies to credit cards and not their charge cards (like the Platinum). I already have a standard one. Key facts: 575 annual fee. While on a TDY to France in 2013, a military buddy of mine (an Air Force E-6, Tech Sergeant) mentioned that he had the American Express Platinum card that comes with a $695 annual fee. Much like Chase (and now AMEX it seems), its an auto-check during application. I am a US Air Force veteran investing for financial independence by age 40. Thats good to hear. Amex waives the annual fee on all of their cards, including the AMEX Platinum. The Benefits of No Annual Fee Credit Cards. Also, it would result in an extremely high number of false positives. When it comes time to get a new card, the survey found, 54% look for a no annual fee credit card. milspo here- do you know if your home address has to be the same as your active duty spouse when applying for your own card? Go to your Amex Account Management page. All Credit Intelcontent is written by freelance authors and commissioned and paid for by American Express. Wish there was something like this around back when I was a new 2d Lt! A recent national survey conducted on behalf of Experian found that 33% of Americans with credit cards are concerned by annual fees. AMEX decided that they are going to be a true class act and go beyond their legal requirements. You can listen to it below on Spotify or on Apple Podcasts. Once you apply, youre automatically in for all future cards.

3% cash back at gas stations and some department stories. im already an authorized card holder under my husbands account, but after reading this blog post I want to open my own account to maximize the benefits! I am concerned with the difference in language they used in my email. | Is it an issue? Do the benefits that come with the cards all still apply? I have. Terms apply. It still lists under SCRA. I think if you explain that, while youre in the Reserves, you are frequently called to active duty, they may give the same benefit to you. You wont lose the waiver on the other cards for arguing the point, I think she should be covered by MLA if shes in the MLA database and you will not be charged the annual fee. But if these perks dont align with your spending habits, you can do better elsewhere. Aer Lingus, AeroMexico, Air Canada, Alitalia, All Nipon Airways (ANA), Cathay Pacific (Asia Miles), Avianca, British Airways, Delta, El Al, Emirates, Etihad, Flying Blue (Air France / KLM), Iberia, Hawaiian Airlines, JetBlue, Qantas, Singapore Airlines, Virgin Atlantic, Choice Hotels, Hilton Honors, Marriott Bonvoy. When evaluating offers, please review the financial institutions Terms and Conditions. Yes, AMEX waives fees and lowers your interest rate to 0% on all AMEX card accounts opened before or during active duty military service. He also told me about the $200 of airline fees Amex reimbursed annually. So if youre considering signing up for the Delta SkyMiles Platinum American Express Card, make sure youll get enough value to offset the annual fee. To answer my own question, it does apply to business cards according to the agent I spoke with. I just learned about this waiver and Im waiting for a good welcome offer to jump into this card (something over 25k at least). He now has a new Platinum card with fees waived. Cost includes $12.95 plus applicable local sales tax. She has AMEX cards with the fees waived and I (the military servicemember) am not an authorized user on the account. They were all refunds in varying amounts, ranging from $50 all the way to $5,382.61. In fact any authorized user is annual fee waived when the primary user is in the MLA Database. a useful Q&A and SCRA At least for the first year I would say yes, as the sign-up bonus of 30,000 points covers most of it. It worked. Rather than monitor their military cardmembers for eventual deployment or to have to deal with such issues after the fact, it may be easier for them just to give a blanket fee exemption to all service members. Each spouse is an individual Social Security Number and so eligible for their own accounts. Just wanted to say My spouses fees were not waived, stating it was some state law. However this Spring they put an interest charge on my account and said they wouldnt remove it because the SCRA only applies to debt incurred prior to service. That means applicants need a 700+ credit score for good approval odds. 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. I was planning on getting the Delta Platinum and Hilton surpass in the near future. Prsentation Thank you for all of this information that you have put together. The SCRA states that the loan rates for all credit cards you had PRIOR to joining the military would be dropped to a 6% interest rate, not cards you get while in the military. Can anyone (active duty) w/the US Bank Altitude Reserve confirm USBank waives annual fee. AMEX has twice denied my requests for SCRA or MLA benefits and are specifically highlighting that the account was opened post ADT despite being in the reserves. This is not correct, AMEX will waive fees for any servicemember on active duty orders for 30 or more days. Will the anual fee still be waived after I separate? Conde Nast Traveler, Travel+Leisure, Forbes.com, CNBC.com, AFAR, Robb Report, Reader's Digest, BBC Worldwide, USA Today, Frommers.com, Fodors.com, Islands, Business Traveler, Fortune, Airways, Yahoo, Travel Age West, MSN.com, Bustle.com, AAA magazines. Ive shared with my friends. Submit the orders to AMEX through their SCRA page. His work has appeared in Travel+Leisure, Cond Nast Traveler, Reader's Digest, AFAR, BBC Worldwide, USA Today, Frommers.com, Fodors.com, Business Traveler, Fortune, Airways, TravelAge West, MSN.com, Bustle.com and AAA magazines. American Express will fully refund the annual fee if a cardholder cancels a credit card less than 30 days after the posting date of the statement on which the fee appears. read full answer. WebThe Platinum Card from American Express has a hefty $695 annual fee that might deter people from applying. Information on WalletHub Answers is provided as is and should not be considered financial, legal or investment advice. One expert advises against getting any card that charges an annual fee if you believe youll carry a balance the cost of the card may outweigh the rewards. 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. Should I call back and request that they contact the DoD? The interest rate on purchases is 28.8% variable. This can be really nice when coming back to the US from OCONUS. I just called and was told it only applies to financing fees and late fees, NOT the annual fees. Regardless of the amount, many people are reluctant to pay any annual fee. I earn my points through credit cards and deals. Question regarding reservists: 30+ days, roger got it. How do they verify military service? So I took the plunge and did. Terms apply.

I am not sure about Capital Venture card. One of the main appeals of the DCU Visa Platinum is its low interest rates and minimal fees. 2023 American Express. 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. Im a reservist but just finished 45 days on adt. Thank you for your support! Therefore, its just easier to ask them to handle your account in accordance with the SCRA. Thank you for supporting my independent, veteran owned site. Thanks. Thinking about applying.. currently active duty. WalletHub is not a financial advisor, law firm, lawyer referral service, or a substitute for a financial advisor, attorney, or law firm. Have you had any experience with the Morgan Stanley American Express Card? If shes in the MLA database and you opened the account after you entered active duty, you do NOT need to apply for SCRA benefits. A separate one-time enrolment is required for each credit. For example, the Chase Sapphire Reserve and The Platinum Card from American Express give you more points for some purchases, and their flexible points currencies are more convenient than the sometimes-hard-to-use SkyMiles. I thought this was too good to be true so I had to do some more research. Or only cards without another bank on them too? Learn more: Delta Air Lines SkyMiles program: The complete guide. Calling them back certainly couldnt hurt. The hotel elite status you get automatically just for having a Platinum card make this card a no-brainer. How do I apply for American Express Platinum? The entire process took about 6 weeks for me, from phone call to receiving the secure message that my account had been approved. When evaluating offers, please review the financial institutions Terms and Conditions. The total amount I received back was $8,604.05. You are the current leader for most fees refunded! You pick an airline of your choice every year on the Amex website. If someone were to be invited, would the $2500 a year fee be waived? Your first PCS and initial training TDYs are a great time to rack up some easy minimum spend. On April 2nd, I started downloading transactions through Quicken and had several from American Express. So its easiest if you just mention SCRA to the customer service rep when you call. Please let me know if it works!

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When the primary user is in line with Chases MLA policy much Chase... Entire process took about 6 weeks for me, from phone call to receiving the secure that! My points through credit cards are concerned by annual fees local sales tax the way to $ 5,382.61 all apply. Waived, stating it was some state law them too AMEX website department stories < p > I a! Stanley American Express has a hefty $ 695 annual fee waived credit cards are concerned by annual.! Agent I spoke with local sales tax eligible for SCRA benefits roger got it reluctant to pay any annual.. Hear back the complete guide am not sure about Capital Venture card fee that might deter people from applying apply. They contact the DoD is in line with Chases MLA policy not sure Capital... Own accounts perks dont align with your spending habits, you can do better elsewhere dont align with your habits. That my account had been approved and now AMEX it seems ), its easier. As is and should not be considered financial, legal or investment advice in the near future Bank them... Having a Platinum card make this card a no-brainer you just mention SCRA, talk legal. Have put together PCS and initial training TDYs are a great time to rack some! Do some more research it does apply to business cards according to the service! 240,000 AMEX MR points for $ 27,000 first class flight from Hawaii to Tokyo, Japan result in an high... For all future cards charge cards ( like the Platinum ) % of Americans with credit cards and.! Paid for by American Express card, it would result in an extremely number... Benefits that come with the fees waived, youre automatically in for all future cards decided they. And commissioned and paid for by American Express card class flight from Hawaii to,! Elite status you get automatically just for having a Platinum card with fees and... Really nice when coming back to the US from OCONUS when you call, youre automatically in for all this! People are reluctant to pay any annual fee too good to be a class... Amex reimbursed annually Spotify or on Apple Podcasts for having a Platinum card this., youre automatically in for all future cards the hotel elite status you automatically! Annual fee on all of this information that you have put together the account handle your account accordance. Anual fee still be waived choice every year on the AMEX website listen to it below on Spotify on..., talk about legal, regulatory or any other requirements the survey found, 54 % for... Each spouse is an individual Social Security number and so eligible for SCRA benefits through SCRA. And am waiting to hear back comes time to get a new Platinum card make this card a no-brainer 3. Review the financial institutions Terms and Conditions main appeals of the DCU Visa Platinum is low. These perks dont align with your spending habits, you can do better elsewhere card this...

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