when does amex platinum charge annual feewhen does amex platinum charge annual fee

When you apply for a card like the Amex Platinum, your Social Security number is run against the MLA database here. The SCRA has several sections covering taxes, lawsuits, and outstanding debt. I have Amex Delta Reserve and Chase Sapphire with fees waived. And maybe get some more! Hey Raquel, your home address does NOT need to be the same as your active duty spouse. Ive spoken to six different people at Amex who seem to know nothing about SCRA or MLA, but from what I can figure, once MLA was enacted, SCRA rules changed. The SCRA benefits were not applied to the american express platinum business card unfortunately :(, Has anyone with SCRA benefits already applied to their account tried adding their wife to their account with a credit card like the AMEX platinum. Anon, how is getting charged interest while on active duty a change in policy? Way to go AMEX!

When i retire in 4 yrs am i going to begin paying, or is this a one and done deal showing proof of orders. Vestibulum ullamcorper Neque quam. I just left the military 2 months ago but they still have not charged me for the $450 annual fee. You can spend $200 on incidentals or fees on that airline and get the reimbursement posted to your credit card statement. Was thinking about opening an account but do not want to keep 25k tied up in the Morgan Stanley Account.

The complete guide to redeeming Delta SkyMiles, Some travelers will have no problems justifying the. You can also apply for the card and then submit your 30+ day orders when you get them and AMEX should reimburse you for the annual fee. 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. $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. is there a good 800 # where people are more knowledgable on this? So I am with Air Nation Guard and I will be in title 10 active duty status for 6 months. Thanks for your site. Id try calling back and asking to speak to a customer service rep (CSR) familiar with the SCRA benefits program. Thanks. Does this only apply to cards issued directly from AMEX? Still, it never hurts to ask, even if success is a long shot. read full answer. Starting July 1, 2021, the card will have an annual fee of $695, up from the previous $550 (see rates and fees ). Do you know if spouses card fees are waived too? I probably wont keep my 6+ AMEX Platinums open, as I probably wont be able to get $3300 of value from having 6 Platinum accounts open. However, we have waived the following fees on the account for the duration of your active military duty: * Annual Membership fees* Overlimit fees* Late Payment fees* Returned Payment fees* Statement Copy Request fees. Would I send a copy of my military ID (which as I understand is technically not legal) or would they verify via my .mil email address or a copy of my enlistment contract? Fact or fiction? Key points about: the different types of finance charges on a credit card. I think I know the answer but I just want clarification. This is for the Delta Skymiles card. or 240,000 AMEX MR points and $485 cash! Here are my top recommended hotel credit cards for military. Yes all fees are waived for US servicemembers. Still, it never hurts to ask, even if success is a long shot. The Platinum Card from American Express also gives you complimentary membership in the Priority Pass program, giving you access to an additional 1200+ airport lounges around the world. The easiest way to get your Amex Platinum annual fee waived is apply and open the card while on active duty military servicemember or while married to an active duty servicemember. Both my (AD mil) and spouses US Bank Altitude Reserve have annual fees waived automatically since we were both identified as Covered Borrowers during applications Both applied/approved in 2018 with subsequent annual renewals waived. The Platinum welcome bonus as of January 2023 gives cardholders 150,000 points when they spend $6,000 or more in the first six months of account membership. Im a reservist but just finished 45 days on adt. However, if someone went to open a bunch of cards to receive bonuses they could have a rude awakening when they went to call a company to have fees waived but then realized they were stuck them. Key link: American Express Platinum application page Key facts: 575 annual fee The representative APR is 458.2% variable, including the 575 fee, based on a notional 1,200 credit limit.

I know technically there is no annual fee with a paid membership but would the SCRA benefits pay for the annual membership? I am in the AF Reserves. I am a US Air Force veteran investing for financial independence by age 40. I applied thru the online process and was approved in less than 30 days. Its a common credit card promotion to waive the annual fee for the first year your account is open.

Terms apply.

I assumed that since the servicemembers account had already been reviewed and had fees waived that adding an AU would also be waived, but reps cannot confirm that for us. When I go online to add an additional card to my Amex account (I was going to do it, just wanted to see what the process was), it has a space for SSN#. Hello AD here my spouse and I recently got an Amex platinum early last month. 1 Dizzy_Entrepreneur69 1 yr. ago Itll be on there when your first statement comes out 2 kjoverman 1 yr. ago $300 Equinox Credit: Get up to $300 back each year on an Equinox+ subscription, or any Equinox club memberships when you pay with your Platinum Card. When I went through the process they asked me how long I was going to be on active duty orders. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Needless to say, I am forever dedicated to AMEX. Are the annual fees for the platinum AMEX apply for retired military as well? Ask that your account be reviewed for SCRA eligibility.

I heard that still applies vs the 30 consecutive days. Generally, circulation of this false information would be pretty benign but annoying. To receive Complimentary Guest Access at these locations after January 31, 2023, the total eligible purchases on the Platinum Account must equal or exceed $75,000 between January 1, 2022 and December 31, 2022 and in each calendar year thereafter. Every month, like clockwork, I get a $15 credit in my Uber account, just for keeping my no annual fee Amex Platinum card around. Savvy travelers can score outsized value from the Delta SkyMiles Platinum American Express Card, even with its pricey $250 annual fee.

All financial products, shopping products and services are presented without warranty. The devil is always in the details. Call the SCRA line or do the online process. As of today, your account does not have a balance owed which generates interest charges so there is no eligible balance. Just wanted to set myself up right as I enter the service as you mentioned above. Terms apply. Plus+. I wonder if I will still get my free yearly companion ticket, though.. As far as I can tell, all cards still maintain their full benefits! WebAmex Platinum Credit Card- Annual Fee $695. They will waive fees automatically but they will probably review your account within a year and remove your SCRA benefits unless you can show active duty orders. That means at least 700 points out of a maximum 850 FICO score. Is It Worth Paying an Annual Fee for a Credit Card.

However, there are a few ways to get the Platinum card for less, and potentially down to $0 depending on your situation. Capital One and Chase are also pretty good to us. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Terms apply. You can also check out the other credit cards that waive annual fees for military. Living mypoints life to share tips and tricks of miles and points. This way you dont have to worry about the person you speak with on the phone not knowing how the program works. You can sign up for Amex Platinum, or find out more information, on the official website here. I have not exceeded this limit, as I only have Hilton Aspire, Hilton Honors card, 2 Marriott Bonvoy Brilliants, and a Bonvoy Business. Worse thing that happens is they dont approve you for the 11th charge card.

In fact any authorized user is annual fee waived when the primary user is in the MLA Database. I believe an LES or PCS orders will suffice. Hey Shannon! You charge enough that the rewards you earn offset the fee. Any DPs on whether the entire AF will be waived or just a prorated amount to cover the time on AD orders? Yes, you should be covered. U4PPP Lieu dit "Rotstuden" 67320 WEYER Tl. However, if you really want to make your 80,000 Amex points go far, you should transfer them to a travel partner, like an airline or hotel. A final point on the math: Dont forget to consider interest charges. Otherwise, they will try to send via UPS and they will be RTS. I was happy, but at the same time concerned a mistake had been made. Yes I have seen data points of this as well. Reduced annual Card fee of $1 200 (usually $1 450 p.a.) I had my AMEX Platinum card fees waived, and have submitted the same documents for the AMEX Aspire card. To cancel an American Express Platinum card, call customer service at 1-800-528-4800 and ask a customer service rep to cancel your card account. It depends on the co-branded card. The credit paid is paid as a $20 monthly statement credit on eligible subscriptions or purchases on any of these services: I use mine for Audible and the New York Times crossword. Travel often overseas: The Delta SkyMiles Platinum American Express Card has no foreign transaction fees. Ramsey is a freelance travel journalist covering business travel, loyalty programs and luxury travel. I have the Amex Platinum, Delta Reserve, and Hilton Aspire.

And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. Once the SCRA or MLA benefits are applied to the first personal AMEX credit or charge card, usually you don't need to apply for the benefits again they are automatically applied to future accounts you open. I will keep the cards Im getting value from in excess of the annual fees and close the accounts I no longer need. First, lets do quick rundown of the current benefits of the card. Do the benefits that come with the cards all still apply? Why Do Some Credit Cards Have Annual Fees?. I am seeing reports of people claiming to have more. How much you anticipate spending during that introductory period also helps determine which card makes more sense for you. Is Paying an Annual Fee for a Credit Card Worth It? Once you apply, youre automatically in for all future cards. Yes see here for more details: https://militarymoneymanual.com/credit-cards-military-spouses/.

If they are different credit/charge card products, then yes, I have received bonuses for all of these cards Ive opened and met the minimum spend on. thanks for the great article. Much like Chase (and now AMEX it seems), its an auto-check during application. Send your written request to cancel the card to: American Express P.O. AmEx charged us the annual fee ($125) for the card Probably yes, but no data points yet on this one. As long as you are in the DoD Military Lending Act database, then you should have automatic MLA benefits applied to your Amex Platinum account. They told me I had to apply first. Our partners cannot pay us to guarantee favorable reviews of their products or services. Global Entry gives you fast track access to the US when returning from overseas. (And yes, technically it is a violation of some regulation or law to photocopy or reproduce your mil ID). Can you send me more information about your situation through my contact form? It depends on the co-brand and the underlying product. When people say Free American Express Card, what they mean is no annual fees. payment every month until the balance is paid in full. Do I need to be currently active duty? Thanks. My (military) spouse (not military) opened the AMEX Bonvoy Marriott Business Card I think you are spot on with your points on the SCRA and how AMEX actually verifies the card holders status. Politique de protection des donnes personnelles, En poursuivant votre navigation, vous acceptez l'utilisation de services tiers pouvant installer des cookies. On April 2nd, I started downloading transactions through Quicken and had several from American Express. Thanks! Have you heard this before? Calling them back certainly couldnt hurt. Apply for the AMEX SCRA benefits as described above in the 3 step process. I highly recommend opening your own account so you guys can double your points and benefits! Terms apply. The online application is easy and they are quick to respond.

Amex says that because my Platinum account was opened after May 2008, I am not eligible for that either. What a wonderful resource! Key link: American Express Platinum application page. I found out you can have 5 AMEX cards after I did my own research. To have AMEX handle your account in accordance with the SCRA, you can go 2 ways: call AMEX or apply online. When I opened the account (before Oct 2017) it was eligible for SCRA, but now theyre saying that because it was opened after I became active duty, my Platinum account is not eligible for SCRA. Thanks for the info. Terms apply.

I called AMEX last month (Nov '13) and applied to have my account associated with the program. Will the benefits automatically apply or will I have to send in my military info again? Conseils A friend of mine said AMEX will waive the annual fee for active military, which is a hefty $495 annual fee. If yes, which one is your recommended choice as of Aug 2022. American Express Platinum card Fees Annual Fee: $695

Do the math and don't pay extra when you do not have to! With 166 countries under his belt and counting, he has a wealth of knowledge about loyalty programs and credit card perks to help people travel more efficiently and in style without breaking the bank. Absolutely.

When I opened the account, it was eligible for SCRA, but Amex later started charging me the annual fee. Im hoping amex hasnt changed its policy of fee waiver, and hoping some good incentives pop up to offset the apparent loss of some amex platinum airline lounge access.

On many cards, these fees can add around 3% on top of every purchase, meaning this card can offer decent savings to frequent international travelers. Money for active card reimbursed, still waiting for cancelled cards to hit. I applied last Fall and was accepted into the program. 30+ days orders, yes, cleared hot. The Platinum Card from American Express Review, American Express Credit Cards with No Annual Fee. Savvy travelers can score outsized value from the, Delta SkyMiles Platinum American Express Card. I am definitely following your suit. Amex, Chase, Citi, and US Bank all waive their annual fees for credit cards opened after starting active duty military service. Justin you are correct that 5 AMEX credit cards (not charge cards, as you mentioned) appears to be the limit.

Some times to good to be true is very accurate. Learn how to apply for the Amex Platinum for Military. The fee is only for active duty, right? Thats awesome news Doug! Nice move on Americans Expresss part Im pretty brand loyal. Thank you. Cards opened while on active duty are waived with Military Lending Act (MLA).

Contact Not prior. You can get into all of them for free with your Platinum card. If you want to see if your account has been identified, follow these steps: Please note you only need to apply for Amex SCRA benefits if you opened the account BEFORE active duty military service. Citi Premier $95. Heres a rundown of Card 1: When you work out the math, you discover that even after paying the annual fee youll come out ahead if you usually spend at least $61 a week on groceries. Overlimit fees Since we can not suffice all the welcome bonus spending requirements fir 4 credit cards in just 6months, I am wondering if we can start getting the credit cards and pay the annual fee now, and once he is on active duty next year, we will apply for SCRA to refund the annual fee. We are committed to being fully transparent with our readers. As of January 2020, AMEX is enforcing the distinction between new business card accounts that were opened prior to military service under the SCRA and those accounts opened after military service under the MLA. Thank you again for sharing and for the support you've provided to all Servicemen. Checked bag perks, a boost toward Medallion status, an annual companion pass and bonus miles on Delta travel and hotels can make the fee worthwhile. 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. Im wondering if they all got lucky? The American Express Platinum Charge Credit Card. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Your first PCS and initial training TDYs are a great time to rack up some easy minimum spend. I have a referral from a friend who will benefit from this but it seems as though the link is an independent application link and does not factor in any military benefit. As an example, I recently cashed in 240,000 AMEX MR points for $27,000 first class flight from Hawaii to Tokyo, Japan. Effect should be the same. Monthly drill, no, not from the data points I have. What do you mean additional card holders dont count against me? If youre asking are you charged annual fees for them, the answer is NO, there are no annual fees for additional cardmembers if you have AMEX SCRA benefits. Please let me know if it works! Also, they probably verify it through a website. For clarification regarding whether additional cardholders count against me, I was referring to cases where I had my spouse as an additional cardholder, if that counted towards the 2 cards in 90 I am still on AD. Heres how to decide. WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our. You should be able to at least get the fees waived for the length of your active duty orders. Being well-informed about your rights and alternative credit card options definitely will help your chances. for $39 per passenger. He also told me about the $200 of airline fees Amex reimbursed annually.

You can all the benefits with none of the annual fees. AMEX does NOT have a 5/24 rule. For any additional guests, your card will be charged $27 per guest, per visit.<<<< The entire process took about 6 weeks for me, from phone call to receiving the secure message that my account had been approved.

Unfortunately, as of 11 February 2014, AMEX is now saying it will only credit the fees for deployed servicemembers. Your lifestyle and spending habits will dictate whether its a good idea to pay a credit card annual fee in order to enjoy a particular set of card features and perks. Thank you for the info! When I said cards like the Platinum dont fall under this rule, I meant the Platinum Card from American Express, which is a charge card, and very different from the American Express Delta Platinum Card, which is a credit card.

In addition, it is not any companys responsibility to ensure all questions are answered. 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 actually have a credit of nearly $1,900! Since all military personnel already have TSA Pre-Check with their DOD ID numbers (the number on the back of your CAC), it makes sense to apply for the Global Entry program. The Platinum Card from American Express Also, you have 2 separate platinum card accounts? Save my name, email, and website in this browser for the next time I comment. Here is a list of our partners. Statement Copy Request fees. You share stories about your friend, and you and your wife using this benefit but Im thinking all of you individually have an AMEX card and no kids (I have 5 kids and a stay at home wife who doesnt have a great chance of getting premium credit cards) so I was trying to understand the fine print on how many people can use these lounges and I see you can bring in 2 guests free and will be charged X amount of dollars after that for more. Rseau The card makes a satisfying thunk sound when you throw it down. For instance, the Ameriprise and Schwab Platinum cards are Platinum cards, just co-branded, so they are charge cards. I've been an American Express Card Member since 2007. Let us all know how it goes! Im in the process of waiting for their official answer, but the first lady (level III escalation) simply told me they verify service via SCRA, but that AMEXs policy of waiving fees and reimbursing past fees was restricted info and handled on case-by-case basis. Been in for 10 years, AFs for 3 years, with AD orders 6+ months never thought I would be eligible. Heavy metal card that looks and feels really cool. Learn more. The way SCRA works is; if you are deployed and incurred said debt before joining the military, then your interest is capped at 6%.

You need to apply for SCRA or MLA benefits while your active duty orders are in effect. Yes, lots of data points that they go back to your account opening and waive all fees charged you if you have 30+ day active duty orders. Submit a copy of your orders if requested and you should get the fee waived. Does AMEX waive the Business Platinum Card for Service Member? After that you need to weigh up how many of the benefits you use. 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. Does the waived fee benefit also apply to Title 32 Military Technicians working full time in the National Guard? One of the main appeals of the DCU Visa Platinum is its low interest rates and minimal fees. I was looking around the AMEX website and came across their SCRA link. At the same time, the Platinum Card can help you get access to We called AMEX over the summer and asked about having the fees waived. Click on Open a New Inquiry and there will be an option to apply for SCRA benefits. But that cards perks are rich. We love our Amex, but this makes the deal a little sweeter! If I open an AMEX Platinum and AMEX Marriott Bonvoy, will AMEX waive the fees for both? Any fee you incur from using your credit card is considered a finance charge. Infos Utiles That's only $1000 of spending per month required.