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If you call Amex, they will tell you that you cannot convert a charge card to a revolver. I vaguely remember a thread (by Masdeocho, I think), who was able to do so.
I tried to find the thread here, but I was not successful.
Good luck.
I product changed in August from a Gold to a Blue. I was tired of paying the annual fee for a card that I spent maybe 150-300 per month with tops.
I had to take a hit with an inquiry, despite having an account in excellent standing since 1991.
So far, I've had no issues. However, since making this change, Amex is softing me every month. Prior to making this change, they checked my report 1x per year tops. I have FICO's in the 800's, spotless credit, and no revolving debt at the moment, but I don't believe I'm immune to any AA's in this current credit climate.
Looking back, I wish I just cancelled the card, rather than make the change. If you do decide to make the change, you may be inviting more scrutiny into your credit life from Amex.
@Anonymous wrote:I product changed in August from a Gold to a Blue. I was tired of paying the annual fee for a card that I spent maybe 150-300 per month with tops.
I had to take a hit with an inquiry, despite having an account in excellent standing since 1991.
How did it end up looking on your credit report. Do you have two AMEX tradelines or one? In other words did they close the Gold charge card, so it reports on your reports as closed, and then open a new account for the Blue? Or do you have only one AMEX tradeline where they changed the Gold Charge card from a charge account to a revolving account using the same account number?
@manyquestions wrote:
@Anonymous wrote:I product changed in August from a Gold to a Blue. I was tired of paying the annual fee for a card that I spent maybe 150-300 per month with tops.
I had to take a hit with an inquiry, despite having an account in excellent standing since 1991.
How did it end up looking on your credit report. Do you have two AMEX tradelines or one? In other words did they close the Gold charge card, so it reports on your reports as closed, and then open a new account for the Blue? Or do you have only one AMEX tradeline where they changed the Gold Charge card from a charge account to a revolving account using the same account number?
On my report, the Gold Card reflects that it was closed per consumers request. I have a new account # for the Blue card. It's reporting with my same "member since" date of 1991.