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Good afternoon everyone, I just had an idea and I wanted to run it by you guys. According to Reuters, American Express paid Citi $150 million dollars for their Hilton credit card portfolio. I couldn’t find out how many cardmembers that covers, but I assume American Express paid a few bucks per cardmember. If I were American Express and paid a lot of money for cardmembers and then cardmembers started canceling their new American Express Hilton Ascend Credit Cards before they started using the credit cards, I would be pretty annoyed. I wonder if American Express thought about that and is prepared to keep cardmembers with decent retention offers.
It never hurts to call and see what offers (if any) are available. If the rep asks you why you want to close your new American Express Hilton Ascend Credit Card, you could say that you want to apply for the new American Express Hilton Aspire Credit Card for the big sign up bonus. I have no idea what will happen, but we will know soon enough.
Are you planning on calling for a retention offer or to close your new American Express Hilton Ascend Credit Card? Let me know in the comments section. Have a great day everyone.