She got this card last year because it had a great welcome bonus & was well worth the $325.
Whenever an annual fee hits for a subsequent year, I always consider whether it’s worth keeping the card for another year or just canceling (you typically have 30 days after the annual fee hits to cancel the card & request a refund of the fee).
In order to make that decision, I check to see if there are any “retention offers” to keep the card.
Retention offers are additional bonuses the credit card company will give you to incentivize you to keep the card for another year.
They won’t always have these, but knowing whether you qualify will help with your decision about canceling.
After checking with AMEX this morning, they offered my wife an additional 20,000 points (~$200 in cash value or ~$400 when redeemed for travel) for $2,000 in spend over a 3 month period.
As you can see, it’s basically another welcome b
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