One of the most overlooked hacks for travel that could help you quickly gain free air mile points is taking advantage of Retention Offers with certain banks. During this process, you may find that your bank offers air miles as part of a retention offer to persuade you to renew your credit card.
Bonuses from Amex, Citi, and Chase Retention Offers boost your transferable points significantly and prove beneficial the next time you book your flight or hotel. s
The process is not overly complicated and should not take too much time, as all you need to do is make a phone call! The worst that can happen is that you discover a retention offer is unavailable in a phone call that lasts a few minutes. And you might end up with a healthy top-up for your air miles at the end of the process.
Below we will look at what Retention Offers are and how taking advantage of this process is one of the best hacks for travel you can undertake!
American Express® Gold Card
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What are Retention Offers?
So, what exactly are retention offers, and how can they help you build your air miles? Credit card companies may offer users retention offers as an incentive to continue to use their credit cards for another year. For example, if you let your bank credit card issuer know that you are considering closing down your account - you may find that you receive a retention offer to keep you using your card until the next renewal date comes around.
Examples of the credit card offer that they may present include: Your Credit Card Issuer may offer a reduction on your annual card fee or even waive it
- You may receive a bonus of cash back, statement credits, or other perks tied to spending a certain amount. This may be similar to what you received the first year your account opened
- Your bank may offer extra air miles or points to tempt you to stay with them for another year
What Do You Need to Know About Accepting a Retention Offer?
You should note that banks and credit card providers will award retention offers with the understanding that if you accept, you will be using the card for the next year. Therefore, if you accept the offer and cancel your card anyway, you may lose your free points or other retention perks.
How Do You Get a Retention Offer From Your Bank?
If you are looking for an Amex, Citi, or Chase Retention Offer, your first step is to make your credit card provider aware that you are considering closing your account with them. They will have no incentive to offer you any bonus air miles or points unless they think they are about to lose your business!
For many cards, you will need to contact your card provider by phone to begin the process. You can find the phone number to call by looking for the contact details on the back of your credit card. But if you have a card from American Express or Citi - you can receive retention offers via chat!
One of the most overlooked hacks for travel that could help you quickly gain free air mile points is taking advantage of Retention Offers with certain banks. During this process, you may find that your bank offers air miles as part of a retention offer to persuade you to renew your credit card.
Bonuses from Amex, Citi, and Chase Retention Offers boost your transferable points significantly and prove beneficial the next time you book your flight or hotel. s
The process is not overly complicated and should not take too much time, as all you need to do is make a phone call! The worst
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