topic Re: Amex PC timing question? in Credit Cards

Amex PC timing question?

Anonymous — Mon, 21 Nov 2016 17:45:56 GMT

I'm hoping someone can help me out with this question. So, say I opened up a platinum card in January and then downgraded to a PRG in March. If I wanted to upgrade/PC back to a platinum would I have to wait till next year January (for my account to age a year) or march ( holding the PRG for a year)? In order to PC again? Sorry for the confusfion, point being since I downgraded to a lower AF I know there's a rule for not being able to raise it until a year later, im just not sure if the wait will be January or March? Account age or PRG age for a year? Thanks.

Re: Amex PC timing question?

Anonymous — Mon, 21 Nov 2016 18:44:16 GMT

Ask in chat and then can tell you immediately re/ the date you would be eligible. I'm going to say it is most likely the date of your original account opening, prior to the PC, but Amex chat can quickly and easily confirm this for you.

Re: Amex PC timing question?

Anonymous — Tue, 22 Nov 2016 00:27:55 GMT

Brah I've clarified this several times. You can upgrade and downgrade at will as long as you don't abuse it (upgrade, get benefits, downgrade, repeat). That one-year rule is only for the first year from the account's opening date due to the CARD Act since card companies are prohibited from raising the annual fee for that first year.

Hope this helps.. again.

Re: Amex PC timing question?

Anonymous — Tue, 22 Nov 2016 01:27:38 GMT

@Anonymous wrote:
Brah I've clarified this several times. You can upgrade and downgrade at will as long as you don't abuse it (upgrade, get benefits, downgrade, repeat). That one-year rule is only for the first year from the account's opening date due to the CARD Act since card companies are prohibited from raising the annual fee for that first year.

Hope this helps.. again.

Okay so after the one year rule then you can upgrade downgrade at all. That sums it up. My question this time is different from last time. My account isn't one year old yet but I started with the $450 AF plat but downgraded 2 months later. I want to go back to the platinum, I thought I could (before the one year rule) since I began with the $450 AF but since my account isn't one year old yet by rule I guess they still can't raise the AF back up to the platinum till after my account hits one year. Thank you pooka89.

Re: Amex PC timing question?

Anonymous — Tue, 22 Nov 2016 01:30:26 GMT

In that scenario, I really don't know off the top of my head. You technically agreed to the Cardmember Agreement at $450 so legally, you should be able to. American Express is an extraordinarily conservative bank though when it comes to compliance, so the system may stop them from upgrading you. If you do want to go back to Platinum, I would call. The CCP should hopefully be able to process it.