Does Amex waive off annual fee?

American Express typically does not waive annual fees entirely, but it may offer a side benefit to offset the Platinum card's $695 annual fee. Retention offers traditionally include statement credits, bonus points or spending bonuses.

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You can also ask why is american express so expensive?

The reason behind this is simple—American Express charges merchants a higher fee than competitors do. To be clear, all credit card issuers charge merchants fees in order to accept their credit cards, yet some card issuers choose to charge a higher fee than others. Is American Express for rich? American Express is not specifically for rich people, even though it does have a high level of status in many people's minds. Applicants need good or excellent credit scores of 700+ to qualify for Amex credit cards, and you don't need to be rich to have a good credit score.

You can also ask how can i avoid paying my credit card annual fee?

How to get your card's annual fee waived

1. Call your issuer.
2. See if your issuer will waive the fee in exchange for card usage.
3. Ask your issuer to match another offer.
4. Ask to cancel.
5. Use military benefits.
6. Switch to a different card.
7. Earn rewards to offset the fee.
8. Cancel your card.

One may also ask is a gold amex card worth it? For the right cardholder, the Amex Gold is absolutely worth it. The card offers the highest combined rewards rate you can find on both U.S. supermarket and restaurant purchases – making it ideal for foodies. Plus, it comes with several travel protections and credits that can help offset its high annual fee.

Is Amex Platinum free?

If you are able to meet the monthly requirements, you would essentially get an American Express Platinum Card with all of its perks for free every year. But if you're not able to meet the monthly requirements each month, then the $45/month fee would kick in. Why do merchants hate American Express? Why So Many Retailers Don't Accept American Express

The answer is simple: stores want more money in their pockets. American Express charges stores, or merchants, higher fees than other credit card networks like Visa, Mastercard, and Discover.

Is American Express better than Visa?

Winner: Visa

American Express has long charged higher credit card processing fees than other payment networks. To avoid those more expensive fees, some merchants have opted not to accept American Express cards. It's accepted in over 170 countries; however, Visa is accepted in over 200 countries. Subsequently, why is amex not accepted? Some retailers refuse to take Amex cards as payment because of the higher fees they have to pay to process the transactions compared to Visa and MasterCard – so it can mean you could be caught short. The firm justifies these costs with a premium services for merchants and access to a premium type of customer.

What card do billionaires use?

Millionaires use credit cards like the Centurion® Card from American Express, the J.P. Morgan Reserve Credit Card, and The Platinum Card® from American Express. These high-end credit cards are available only to people who receive an invitation to apply, which millionaires have the best chance of getting.