What to do with Amex cashback after first year

copperclock

I was just wondering what people do when their Amex cashback/points cards come to their anniversary date?

My OH has a card, on which I am a named cardholder. He originally got a Platimun Cashback card with a £25 fee. That card gave 5% cashback for the first 3 months, followed by 1% cashback up to £10k spending and 1.25% after the £10k.

We always pay off in full each month and we don't have any other debt apart from mortgage.

With a couple of months left to run before its anniversary we've 'earned' over £270 cashback, but £125 of that was from the initial 5% promo that obviously won't be repeated.

So what do people do at this point? If my OH called Amex to 'cancel his card' would they give a retention deal?

Or is it a possibility for me to get a new amex card in my name so we could do it again for a year? I don't have a wage and I don't know if Amex look at personal income or household income?

Then, if my OH were to close his Amex account, would he be able to open a new one in a year so we can keep swapping between a new card for me and a new card for him? Would that be a drain on our credit files?

Sorry for all the questions! What do people normally do to maximise their cashback?

bengalknights

Not sure how the credit card works but on the charge cards you can allocate credits to a transaction

MallyGirl

the new cashback rate has dropped from 1.25% to 1% (and will drop for existing customers too at a notified date).
You can certainly go back to Amex after a break. Not sure if they consider household or individual income.
My card doesn't have a fee so I will be keeping it for a bit - I like the offers and shop small in December.