topic Re: AMEX PRG Email Upgrade Offer then downgrade? in Credit Cards

AMEX PRG Email Upgrade Offer then downgrade?

Anonymous — Mon, 10 Jul 2017 17:48:27 GMT

Hi everyone,

Has anyone received the upgrade offer in the mail or email --> "Upgrade PRG to Platinum then receive 50K points after spending $5k in 3 months"

I received by email and expires on 8/12/2017...Anyone thinking on upgrading, getting the points then downgrading back to PRG?

Thanks!

Re: AMEX PRG Email Upgrade Offer then downgrade?

Anonymous — Mon, 10 Jul 2017 18:45:08 GMT

@Anonymous wrote:
Hi everyone,

Has anyone received the upgrade offer in the mail or email --> "Upgrade PRG to Platinum then receive 50K points after spending $5k in 3 months"

I received by email and expires on 8/12/2017...Anyone thinking on upgrading, getting the points then downgrading back to PRG?

Thanks!

They aren't charging you the 550 dollar annual fee?

Re: AMEX PRG Email Upgrade Offer then downgrade?

Anonymous — Mon, 10 Jul 2017 18:52:53 GMT

@Anonymous wrote:
@Anonymous wrote:
Hi everyone,

Has anyone received the upgrade offer in the mail or email --> "Upgrade PRG to Platinum then receive 50K points after spending $5k in 3 months"

I received by email and expires on 8/12/2017...Anyone thinking on upgrading, getting the points then downgrading back to PRG?

Thanks!
They aren't charging you the 550 dollar annual fee?

They are

Re: AMEX PRG Email Upgrade Offer then downgrade?

Anonymous — Mon, 10 Jul 2017 19:27:07 GMT

Is the $550 AF worth the points?

Re: AMEX PRG Email Upgrade Offer then downgrade?

Anonymous — Mon, 10 Jul 2017 19:31:50 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Hi everyone,

Has anyone received the upgrade offer in the mail or email --> "Upgrade PRG to Platinum then receive 50K points after spending $5k in 3 months"

I received by email and expires on 8/12/2017...Anyone thinking on upgrading, getting the points then downgrading back to PRG?

Thanks!
They aren't charging you the 550 dollar annual fee?
They are

Well why would you accept that offer? The offer for everyone else is 60,000 points. Do you not want another account? I don't really see the fee worth it if all you want is the points even at 60k in points. 550 dollars for 60k points I guess is about even. You can get 400 dollars in airline incidentals. Once this year and next. Seems to me there are cards with better sign-up bonuses without fees the first year. Perhaps if you want the card you should call up and ask the 60k points that they list on their site for the card.

Re: AMEX PRG Email Upgrade Offer then downgrade?

Anonymous — Mon, 10 Jul 2017 19:51:45 GMT

I was thinking that once you downgrade back to the PRG, you get prorated on the $550? Meaning, I pay the $550 upon upgrading then once i downgrade, they keep the $175 it cost to have the PRG and i get $375 back...am I mistaken? Sorry, been out of the forum for a while lol.

Re: AMEX PRG Email Upgrade Offer then downgrade?

driftless — Mon, 10 Jul 2017 21:46:26 GMT

I don't think that it works that way.

Re: AMEX PRG Email Upgrade Offer then downgrade?

Anonymous — Mon, 10 Jul 2017 22:59:08 GMT

I upgraded my PRG for 60k after 5k in spend. After 1.5-2 billing statement periods, I was charged a prorated AF for the Platinum and refunded a prorated AF for the PRG. It looks to me as the full $550 fee will be due when my $195 would have been due for my PRG.

Re: AMEX PRG Email Upgrade Offer then downgrade?

NRB525 — Tue, 11 Jul 2017 10:22:03 GMT

@Anonymous wrote:
I was thinking that once you downgrade back to the PRG, you get prorated on the $550? Meaning, I pay the $550 upon upgrading then once i downgrade, they keep the $175 it cost to have the PRG and i get $375 back...am I mistaken? Sorry, been out of the forum for a while lol.

AMEX changed their policy for cancellations. You can get a full refund only in the first 30 days after the AF is charged. This probably has some relevance to your plan.

If you take the upgrade offer, you will have a prorated Platinum AF charged, for the remainder of your card year (the PRG Card Anniversary remains the same AF date). This AF is net of the PRG credit for part of that AF.

When you go to downgrade later, how long were you planning to wait after the upgrade / bonus before doing this? Where will that fall in relation to your card anniversary (AF) date?

Re: AMEX PRG Email Upgrade Offer then downgrade?

Anonymous — Tue, 11 Jul 2017 20:58:04 GMT

Great point!! will have to check on that.

I did check my email and the offer is in fact for 60k not 50k. Most likely i'll end up upgrading and keeping the card.

Anyone knows how the Global Entry or TSA Pre works when it comes to minors? If my wife and i get it, how will our son cross with us? is there an exeption?

Re: AMEX PRG Email Upgrade Offer then downgrade?

Anonymous — Tue, 11 Jul 2017 23:13:48 GMT

Depends on their age. 12 and under can pass with their parents on TSA Pre. Global entry will require the $100 fee I beleive.