Credit card retention offers — what they are, and how they work - Business Insider

— $70 statement credit for keeping the card. The standard welcome offer for this card is 40,000 points after you spend $1,000 in the first three months. — $100 statement credit for spending $3,000 each month for the next three months. The standard welcome offer for this card is 50,000 miles after you spend $5,000 in the first three months.

If you want to keep your favorite credit card without paying the annual fee, your best bet is calling the contact number on the back of your credit card after your annual fee posts to your account . "The annual fee was just charged on my credit card and I'm wondering if you have any incentives you can offer that might make paying the fee a better deal. Can you help me?"

Any variation of these scripts will also work. The key is making sure you mention that you don't want to pay the annual fee on your card, but also be clear that you're open to keeping your card if you're given some sort of benefit in return.

It‘s simple - open your mouth or open your wallet.

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