Deal DetailsLast Edited by BeAuMaN June 6, 2016 at 12:12 AM
First PSA post, please move if this is not the right category to post. Happened to come across this news in a reddit thread. Confirmed this with Amex CSR.
Quote :Closing your Account Effective September 1, 2016, in Part 2 of the Cardmember Agreement, we are amending the Closing your Account sub-section in the Other important information section by inserting a new paragraph after the first sentence: If an Annual Membership fee applies, we will refund this fee if you notify us that you are voluntarily closing your Account within 30 days of the Closing Date of the billing statement on which that fee appears. For cancellations after this 30 day period, the Annual Membership fee is non-refundable. If an Annual Membership fee applies to your Account, it is shown on page 1 and page 2 of Part 1 of the Cardmember Agreement. If your billing address is in the Commonwealth of Massachusetts at the time you close your account, this policy will not apply to you.
All those who signed up for Amex platinum recently might have to work on minimum spend instead of waiting for $200 credit in Jan 2017 to maximize the benefit, unless you really use the card's other benefits.
This rule applies to all Amex cards. I hardly read my credit card statements. So, posting here if it helps others.