I’ve been making multiple calls to the credit card companies to deal with my annual fees on my credit cards. One credit card that I was surprised with is the Citi Platinum AA Personal Mastercard, which I signed up for the 50K offer last year. I was a bit hesitant on keeping the credit card, but I was given an offer I couldn’t resist. This is most likely the best retention bonus for Citi Platinum AA Personal Mastercard.
I originally signed up for the 50K offer from this Flyertalk post. I met the minimum spend required to earn the bonus miles and then stopped using the credit card for the most part. It has been in my desk drawer for a while, so I wasn’t expecting a great offer for the amount of spending I did. It’s good to note that I waited until the annual fee hit my account before calling. Some people suggest to call before the annual fee hits, but it makes sense for me to wait until afterwards to extend your credit life if you do cancel.
I do recommend keeping this credit card even if you don’t get a great retention bonus because of the 10% miles rebate on your AA redemptions. For example, if you book two business class one-way tickets to Europe for 100K total, then you will get a 10,000 AA miles rebate. I would say 10,000 AA miles is worth a lot more than the annual fee of $95. That said, I think you should still try to get a good retention bonus by calling in.
I called the number on the back of the card and informed the representative I was thinking about canceling the credit card because of the annual fee. Before I said anything else, he gave me the spiel about I’m a loyal member and would want to keep doing business with me. He proactively offered me the following retention offer:
- A $95 statement credit without any spend.
- An additional 1,000 bonus miles each month for spending at least $1,000 each month for the next 16 billing cycles.
This is an amazing retention offer because of the statement credit to cancel the annual fee and the bonus miles. I will basically get 2X AA miles on my spending of $1K each billing cycle. This is perfect for using Amazon Payments. I conservatively value AA miles at 1.6 cents each, so I’ll be earning 3.2% in value for every dollar spent.
I was looking through this Flyertalk post and it seems like other people are getting the same offer. Based on the thread, this is the best retention bonus for Citi Platinum AA Personal Mastercard. Anybody else been getting this same offer?