Last week, I got a notification via Mint.com that I had been charged the $95 annual fee for my Citi® AAdvantage® Platinum Select® Visa® card.
Except for cards that I keep because they offer annual bonuses, such as the Hyatt & USAirways cards, this is my signal to call and cancel the card so I don’t have to pay the fee. I called the number of on the back of the card, and as usual they transferred me to their “retention specialist”.
At this point, I was offered a $95 statement credit plus 1000 bonus miles for each month I spend $1000+ for 16 months. Sure, that’s not a spectacular offer, but the $95 statement credit was enough to get me to hang on to the card for another year. If I’m not trying to meet a minimum spend elsewhere, there will be a few months where I should be able to get that bonus.
Two days later, I received an e-mail that made me glad I’d made that decision.
Citi & AAdvantage are offering 3x miles for spending in certain categories (grocery stores, gas stations, drugstores, restaurants, and commuter transportation locations) through 3/31/15. Some cardholders have reported being offered different categories. The bonus is up to 2,500 miles total. Since the bonus is awarded as an additional 2 miles per dollar spent in the above categories, this equates to $1,250 of spend.
If I can meet that $1,250 cap for the 3x promo on my next statement, I should receive 4,750 miles (1250 for spend + 1000 retention bonus + 2500 3x promo). Again, I’d get more for meeting the spend requirements for a completely new card somewhere, but there are only so many card offers out there, so waiting a month to apply for something else is not a big deal to me. Not bad for spending I would be doing anyway!
If you have this card, check your e-mail to see if you’ve been offered something similar. It’s easy to ignore emails from your credit card company or bank, but sometimes it pays to read them.
Start making your travel plans now!
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