My AMEX gold annual fee is this month. I have about 170k points built up, but how can I avoid paying the annual fee? I hear some people get retention offers, but if I threaten to downgrade, I would lose my points, correct? I have no use for the points yet.

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Do you have a corporate Amex? If so, you may be eligible to reduce your annual fee. See https://www.americanexpress.com/content/dam/amex/us/credit-cards/features-benefits/corporate/corporate-marketing-assets/pcac-offer-overview.pdf for details.

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Transfer the points to a travel partner to get the best value. Otherwise get gift cards and see what retention offers they make to replenish your points.

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You should get the no AF Amex Everyday card. That will save all of your MR points.

Call and say you’re considering canceling. Ask if any retention offers are available.

Ask for a retention offer, they offer u a rebate or points.

If they decline, open a Amex EveryDay card and close the Gold. Make sure you have the new card in hand before canceling.

If you need a referral for the EveryDay card, let me know.

Don’t you retain the points if you have a corporate Amex with points on it? That would be another option.

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