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Should I Cancel American Express Green Card?

Frequent Contributor

Re: Should I Cancel American Express Green Card?


slap_happy wrote:

I have asked and surprisingly there is no "requirement" just ask and anyone that is a cardmember with a charge card can convert to it, the funny thing is even the rep was not able to tell me the difference between the senior with MR points for $75 and the regular green for $95 lol


Would it be possible that the one that costs $75/a year has MR Express points?


 @Ryan Most likely yes.

Message 11 of 17
Contributor

Re: Should I Cancel American Express Green Card?

You should go with one  of the blue cash cards. No annual fee good rewards. Since you can likely back date the new card it's like you never gave up the green card credit wise (not that it matters much with your scores) and keep your $125.

5/08 EQ 696.....9/13 EQ 796.....9/17 EX 824, EQ 843
Amex Blue Cash 15K || PenFed Cash Rewards 18K || Chase Freedom 12K || Cap1 Quicksilver 15K || Amazon Prime 3.8K || Citi Double Cash 10.8K
Message 12 of 17
Valued Contributor

Re: Should I Cancel American Express Green Card?

I would just PC it to a more useful card.  Amex is pretty good at PC'ing cards.

It is by will alone I set my mind in motion.....
Always follow these rules: Only take a HP for a new account. Always use the best rewards card for that reward category. Don't close a card unless you know you really should. Never use more than 35% of a credit limit. Recon as much and as best you can. Use the introductory period to the best advantage. Get the signup bonus. Whenever possible PIF or balance transfer so you pay less in interest. Never give an excellent rating when it is actually the norm. Always look for a discount as more is always better.
Always accept candy from strangers because they have the best candy or from people you know have good candy.
Message 13 of 17
Regular Contributor

Re: Should I Cancel American Express Green Card?

I don't believe you can PC from charge to revolver and vice versa.



Starting Score: 676 CK 5/13. Current: 717 EX 6/15 -- Last App: 6/2014
Message 14 of 17
Valued Contributor

Re: Should I Cancel American Express Green Card?


navyox wrote:

I don't believe you can PC from charge to revolver and vice versa.


I dont believe in PCing AMEX cards because of Backdating. If you can spare the extra HP, applying for the card you want I think is the best option. 


   3/12 $3500     6/12 $1200      10/12 $1500   12/12 $3400    6/13 $12000      7/13 $5000      7/13 $2500       8/13 $2000    8/13 $6000

  | CSP (AU) $12,000 | Amex PRG (AU) | United $6,000 | OCCU $12,000 | Ink Bold | GM $3,200 | DCU $7500 | Luthansa $9000 | SPG $6,000 | Citi AA Executive $11,000 | Ink Plus $5,000                                                                         | EX 2/7 697 | EQ 10/27 721 | TU 12/15 719 |

Message 15 of 17
Valued Contributor

Re: Should I Cancel American Express Green Card?

I would call AMEX and ask about a PC. I've never heard of PCing a AMEX card but if you did decide to close the account...you're account can be backdated in the future. If the card isn't benefiting you, I would close it. 125 a year is ridiculous.

As of 2017, rebuilding...
Message 16 of 17
Highlighted
Regular Contributor

Re: Should I Cancel American Express Green Card?


slap_happy wrote:

I have asked and surprisingly there is no "requirement" just ask and anyone that is a cardmember with a charge card can convert to it, the funny thing is even the rep was not able to tell me the difference between the senior with MR points for $75 and the regular green for $95 lol


I asked too. There is no requirement to go to the Senior Green, you just have to be at least 18 years old. The Senior Green with the Added $40 extra ($75 AF total) is the full MR program, NOT MR express. And like SlapHappy wrote, the CSR could not tell me the difference between the $75 Green and the $95 Green. So ANYONE with a regular Green can actually get their card down to $75 for free. Amex is ripping us off with the $95 AF!

 

You CANNOT PC charge card to revolving credit card, & vice versa.

Message 17 of 17