Credit Cards Center Credit cards from our partners
Reply
Established Contributor
Posts: 573
Registered: ‎05-29-2011
0

PC Amex Plat --> Green

[ Edited ]

I have the Amex Plat but just don't use the benefits nearly enough to justify the fee (with two cards its $600/year).  The $200 airline credit is great but with twins on the way I'm sure I won't even be using that for a while.  So my question is, can I do a PC downgrade with Amex, and if so will they give me any retention trouble ? 

 

The most important thing to me is the internal spending limit and financial power of the card, and as I understand it, that is tied to your credit directly and has no bearing on the card itself. (ie Plat > Gold > Green > Zync) 

 

Cheers..(and btw, I think the green is a better looking color Smiley Tongue )

Amex Green NPSL, Amex BCE $19.7k, Amex HH Surpass $11.3k, Amex Simply Cash Business $3k, Chase Ink Bold $15k (flex)Chase Sapphire Preffered $26k, Citi Diamond $13.3k, Citi TY Preferred $10.5k, Virgin Atlantic Amex $8k, Discover Motiva $10k, Boa World Elite $10k, US Bank Visa $4.1k, GE Amazon $4k, GE Lowes $6k, BillMeLater $5.3k, Target $.2k, CapOne $2k Von Maur NPSL,
Super Contributor
Posts: 6,169
Registered: ‎12-11-2011
0

Re: PC Amex Plat --> Green

AFAIK you can always PC down when it comes to charge cards. 

Established Contributor
Posts: 731
Registered: ‎02-15-2012
0

Re: PC Amex Plat --> Green

Yeah, you can PC freely between charge cards, except for two scenarios: you cannot PC a card that has started as a Zync and you cannot "upgrade" for 12 months due to CARD Act or some new law like that.  You will get a prorated refund of the previous annual fee and a prorated charge for the new annual fee.

 

As for spending power, that's not really affected by the level of the card, but by income, credit score, spending patterns on the card, etc.

FICOs (2/24/12): EX 752, EQ 740
Chase Sapphire Preferred, Freedom; American Express PR Gold, Blue Cash Everyday
Super Contributor
Posts: 6,169
Registered: ‎12-11-2011
0

Re: PC Amex Plat --> Green


Koop10010 wrote:

Yeah, you can PC freely between charge cards, except for two scenarios: you cannot PC a card that has started as a Zync and you cannot "upgrade" for 12 months due to CARD Act or some new law like that.  You will get a prorated refund of the previous annual fee and a prorated charge for the new annual fee.

 

As for spending power, that's not really affected by the level of the card, but by income, credit score, spending patterns on the card, etc.


+1

 

For instance, if you were spending TONS on the plat card to try to make it worth the AF, and then you go down to green and start spending less (since the AF is substantially lower) your internal limit might decrease. 

Established Contributor
Posts: 731
Registered: ‎12-14-2011
0

Re: PC Amex Plat --> Green

your spending power doesn't depend on the color of the card. Green, gold and plat can all have the same internal limit. Personally I use the green and like it best for the money. Unless you are going to really use the additional benefits Green is a best fit for most people.

“The real measure of your wealth is how much you’d be worth if you lost all your money.” ~Unknown
Citi Prestige World Elite Mastercard ($35,000.00), Merrill+ Visa Signature ($25,000.00), Amex BCP ($29,700.00), Amex Green (NPSL), Capital One Quicksilver World Mastercard ($10,000.00), Chase Ink Business Bold (NPSL)
TU-778 (12/03/2014))
EX (Plus) - 777 (10/21/2013)
EQ - 735 (April 2013)
Moderator Emeritus
Posts: 4,875
Registered: ‎11-02-2010
0

Re: PC Amex Plat --> Green


espnjunkie wrote:

your spending power doesn't depend on the color of the card. Green, gold and plat can all have the same internal limit. Personally I use the green and like it best for the money. Unless you are going to really use the additional benefits Green is a best fit for most people.


 

+1. Amex has preapproved me for an upgrade to either the Gold, PR Gold or Platinum. But, based upon my particular spending habits, needs, and overall portfolio of cards, there's no benefit for me to upgrade. So, I'm happy to stay with my Green. I believe in choosing a card that works well for the individual; there is no one "right" card.


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
Established Contributor
Posts: 731
Registered: ‎12-14-2011
0

Re: PC Amex Plat --> Green

Earlier I considered "omg I should go for the platinum card" but once I came down from drinking the amex kool aid I realized that it isn't a fit for me currently. Yes, it's a status symbol, but unless you frequently travel for business and extensively for pleasure, it isn't really worth it.

 

There is no one right card for everyone, I agree. I use amex green for everyday spending to rack up MR points, and bcp for bonus categories. I know it's asking alot but if they added dining as a 3% category there would be no better card on the market.

“The real measure of your wealth is how much you’d be worth if you lost all your money.” ~Unknown
Citi Prestige World Elite Mastercard ($35,000.00), Merrill+ Visa Signature ($25,000.00), Amex BCP ($29,700.00), Amex Green (NPSL), Capital One Quicksilver World Mastercard ($10,000.00), Chase Ink Business Bold (NPSL)
TU-778 (12/03/2014))
EX (Plus) - 777 (10/21/2013)
EQ - 735 (April 2013)
Highlighted
Established Contributor
Posts: 573
Registered: ‎05-29-2011
0

Re: PC Amex Plat --> Green

[ Edited ]

Thanks everyone; I PC'd to green yesterday.  Will my prorated AF refund hit when my next statement closes ? 

 

I decided that the travel bene's just didn't work for me, especially since my travel is extensively on UA.  I'm using the $ I'm saving on the Plat AF to pay for the AF on the UA Club Card...cheers..

Amex Green NPSL, Amex BCE $19.7k, Amex HH Surpass $11.3k, Amex Simply Cash Business $3k, Chase Ink Bold $15k (flex)Chase Sapphire Preffered $26k, Citi Diamond $13.3k, Citi TY Preferred $10.5k, Virgin Atlantic Amex $8k, Discover Motiva $10k, Boa World Elite $10k, US Bank Visa $4.1k, GE Amazon $4k, GE Lowes $6k, BillMeLater $5.3k, Target $.2k, CapOne $2k Von Maur NPSL,
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.