Canadian Plat MR going down from 1.5>1.25/$1
Sep 28, 2006, 11:22 pm
#1
Original Poster
Join Date: Dec 2005
Location: Canada! eh?
Programs: UA 1K
Posts: 386
Canadian Plat MR going down from 1.5>1.25/$1
I just got news in the mail today about my Platinum Card (Canadian Issued)
The MR program is going from 1.5pts/$1 to 1.25pts/$1
What a downgrade..
You can still opt-in to earn 1.5pts/$1 but those earned points are not allowed to be transferred to any airline or pts program.
Is there anything I can do? What if I don't agree? Can I get my annual fees credited back? Can I negotiate anything?
My account is fairly new. (2 months)
The MR program is going from 1.5pts/$1 to 1.25pts/$1
What a downgrade..
You can still opt-in to earn 1.5pts/$1 but those earned points are not allowed to be transferred to any airline or pts program.
Is there anything I can do? What if I don't agree? Can I get my annual fees credited back? Can I negotiate anything?
My account is fairly new. (2 months)
Sep 29, 2006, 9:40 am
#2
Join Date: Nov 2005
Location: YYT/YYZ
Programs: AC*SE, AC*MM, SPG Gold, FPC Plat, HHonors Diamond, PC Plat Elite, R&C Club 5C, Hyatt GP
Posts: 2,201
I intend to cancel. The 1.5 pts/$1 was the main reason for having this card. It's my understanding that the annual fee is prorated, and you'll get a refund if you cancel early.
FYI, there are rumours that CIBC will be announcing an AeroPlat card shortly.
FYI, there are rumours that CIBC will be announcing an AeroPlat card shortly.
Sep 29, 2006, 12:28 pm
#3
Join Date: Feb 2003
Location: yhz
Posts: 75
Originally Posted by antirealist
I intend to cancel. The 1.5 pts/$1 was the main reason for having this card. It's my understanding that the annual fee is prorated, and you'll get a refund if you cancel early.
FYI, there are rumours that CIBC will be announcing an AeroPlat card shortly.
FYI, there are rumours that CIBC will be announcing an AeroPlat card shortly.
Sep 29, 2006, 12:29 pm
#4
Join Date: Feb 2003
Location: yhz
Posts: 75
Originally Posted by antirealist
I intend to cancel. The 1.5 pts/$1 was the main reason for having this card. It's my understanding that the annual fee is prorated, and you'll get a refund if you cancel early.
FYI, there are rumours that CIBC will be announcing an AeroPlat card shortly.
FYI, there are rumours that CIBC will be announcing an AeroPlat card shortly.
Last edited by golf4me; Sep 29, 2006 at 12:46 pm
Sep 29, 2006, 12:54 pm
#5
Join Date: Nov 2003
Location: YYZ
Programs: AC *E
Posts: 532
It will be interesting to see if CIBC can take advantage of the opportunity.
There are a number of us who get the AeroPlat card "fee" as long as we maintain our regular Plat card, and the AeroPlat still has 1.5 points/$ for annuals spends over $25,000. As a result, if you switch your spending to the SeroPlat and spend over $25,000 per year, the change is only going to cost you 6250 MR points per year, although you are stuck with Aeroplan and cannot transfer to CO or Delta.
I'm going to wait until I see the CIBC product to decide whether to switch or downgrade my Amex.
There are a number of us who get the AeroPlat card "fee" as long as we maintain our regular Plat card, and the AeroPlat still has 1.5 points/$ for annuals spends over $25,000. As a result, if you switch your spending to the SeroPlat and spend over $25,000 per year, the change is only going to cost you 6250 MR points per year, although you are stuck with Aeroplan and cannot transfer to CO or Delta.
I'm going to wait until I see the CIBC product to decide whether to switch or downgrade my Amex.
Last edited by ohcanada; Sep 30, 2006 at 6:56 am
Sep 29, 2006, 3:10 pm
#6
Join Date: Aug 2004
Location: Toronto
Posts: 200
Gold charge card also affected
I'm mourning the loss of the points accelerator service on the gold charge card (you used to be able to pay an extra $75 on top of the $130 annual fee and earn 1.5 MR /$ instead of 1 MR/$). This was the perfect option for me because I wanted to maximize my points without having to pay for all of the extra benefits of the platinum card. Too bad AMEX platinum just isn't for me. I don't put enough on the card to justify spending $4000 over the next 10 years for the ability to earn an additional 0.25 points/$.
Sep 29, 2006, 8:30 pm
#7
Join Date: Nov 2004
Location: yyj
Programs: Alaska Airlines MVP, Fairmont FPC Platinum, Starwood Gold, Hilton Gold
Posts: 755
Originally Posted by golf4me
Also, the AC companion ticket will no longer be offered.
What is this new "Priority Pass"?
I am not too crazy about these changes either.
Sep 29, 2006, 8:55 pm
#8
Original Poster
Join Date: Dec 2005
Location: Canada! eh?
Programs: UA 1K
Posts: 386
i notice there's a thread similar in the air canada forum.. so what's next? do i cancel? we all have to phone in and voice our concerns. . press option #5 for cancellation / customer retention department.
Sep 30, 2006, 8:25 pm
#9
Join Date: Sep 2006
Location: YEG
Posts: 32
Originally Posted by antirealist
I intend to cancel. The 1.5 pts/$1 was the main reason for having this card. It's my understanding that the annual fee is prorated, and you'll get a refund if you cancel early.
FYI, there are rumours that CIBC will be announcing an AeroPlat card shortly.
FYI, there are rumours that CIBC will be announcing an AeroPlat card shortly.
Oct 3, 2006, 1:51 pm
#10
Join Date: Jun 2006
Programs: spg gold,Marriott,prority club gold,amex platinum
Posts: 13
Originally Posted by dragon888
Count me out. I got the same notice yesterday from AE Platinum. They increased the annual fee to $500 and buried it in fine print. I have pumped hundreds of thousands through AE only for the points. The companion ticket is a cruel joke. The AE card is hated by merchants and few stores seem to take AE. Reading the slick brochure that came in the mail then comparing it with the legal booklet enclosed makes you realize how deceptive these guys are. I also have a CIBC gold aeroplan card so I just put everything through it
I am looking at the info. that came in my package...I don't see anything about the increase of $500 for membership...
I did notice that the Holt Renfrew Select tier (Holts Platinum card?) still has the $1/1.5 MR points that CAN be trasnferred to FF programs, including Aeroplan. Hmmmmmmm...
Oct 4, 2006, 9:24 pm
#11
Join Date: Aug 2004
Location: Toronto
Posts: 200
Originally Posted by got2go
I did notice that the Holt Renfrew Select tier (Holts Platinum card?) still has the $1/1.5 MR points that CAN be trasnferred to FF programs, including Aeroplan. Hmmmmmmm...
Oct 5, 2006, 8:33 am
#12
Join Date: Jun 2006
Programs: spg gold,Marriott,prority club gold,amex platinum
Posts: 13
Originally Posted by bacan
Sadly, not true. The Holt Renfrew tier also now earns 1.25 MR points. The only card I'm aware of that may not have been downgraded (or maybe it is just that the website hasn't been updated!) is the corporate platinum card.
Oct 16, 2006, 5:53 pm
#14
Join Date: Oct 2006
Location: YLW
Posts: 285
Originally Posted by schnitzer
so what should i ask for when calling in to complain about the devaluation of our points?
