Every week, I hear of people accepting retention offers on their AMEX cards, especially on their charge cards, and it’s made me think about my own situation with AMEX and whether I would take a retention offer or not. If you’re a heavy hitter, you should already be maxed out with 10 AMEX charge cards. If that’s the case and you get a retention offer of say 50K pts for $4K spend, then you’re essentially paying $695 for 54K points. The alternative option is to just cancel the card and get another NLL Business Platinum card. Granted you have to spend like $30K for 170K points, but that’s getting 200K points for $695. Plus you might be able to do 99 AU’s on it and get 5K for $2K.
Once again, this only works if you’re a heavy spender or can easily MS that (buyers groups can help with that spend.) But hey, it’s your credit cards; you can do what you want.