topic Re: Want to downgrade my Amex EDP back to ED in Credit Cards

Want to downgrade my Amex EDP back to ED

Junejer — Wed, 25 May 2022 22:50:14 GMT

Back in January, I accepted an offer upgrade my Amex EveryDay card to an EveryDay Preferred in exchange for 40K MR points. It is not a daily driver card by any stretch of the imagination. The points came in handy to help me upgrade my one of my flights to first class. Beyond that, it hasn't been much of a benefit. Last week, I got charged the $95 AF.

My question is how do I (or can I) downgrade the card back to EveryDay? Am I able to do this since it has only been a few months since I upgraded? Are there any restrictions? Is this a simple call to CS to make it happen?

Thanks for your responses...

Re: Want to downgrade my Amex EDP back to ED

wasCB14 — Wed, 25 May 2022 23:05:34 GMT

Wait until you've had the EDP for at least 12 months. Otherwise they may claw back the points.

You can call. I sometimes use chat.

Re: Want to downgrade my Amex EDP back to ED

simplynoir — Wed, 25 May 2022 23:42:50 GMT

@wasCB14 wrote:
Wait until you've had the EDP for at least 12 months. Otherwise they may claw back the points.

You can call. I sometimes use chat.

This here. AMEX doesn't like churners so if you're looking to downgrade back wait 12 months or when the AF posts. You can call/chat to perform the downgrade assuming they don't have any nice retention offers that may entice you to keep the card. YMMV on the retention offers

Re: Want to downgrade my Amex EDP back to ED

Junejer — Thu, 26 May 2022 00:20:51 GMT

@wasCB14 wrote:
Wait until you've had the EDP for at least 12 months. Otherwise they may claw back the points.

You can call. I sometimes use chat.

Thanks, @wasCB14

Re: Want to downgrade my Amex EDP back to ED

Junejer — Thu, 26 May 2022 00:22:34 GMT

@simplynoir wrote:
@wasCB14 wrote:
Wait until you've had the EDP for at least 12 months. Otherwise they may claw back the points.

You can call. I sometimes use chat.
This here. AMEX doesn't like churners so if you're looking to downgrade back wait 12 months or when the AF posts. You can call/chat to perform the downgrade assuming they don't have any nice retention offers that may entice you to keep the card. YMMV on the retention offers

Great! I'll set an alarm for mid January 2023 to PC back to ED. By then, I expect to have a BCP in hand as a daily driver.

Re: Want to downgrade my Amex EDP back to ED

wasCB14 — Thu, 26 May 2022 07:35:23 GMT

@Junejer wrote:
@simplynoir wrote:
@wasCB14 wrote:
Wait until you've had the EDP for at least 12 months. Otherwise they may claw back the points.

You can call. I sometimes use chat.
This here. AMEX doesn't like churners so if you're looking to downgrade back wait 12 months or when the AF posts. You can call/chat to perform the downgrade assuming they don't have any nice retention offers that may entice you to keep the card. YMMV on the retention offers
Great! I'll set an alarm for mid January 2023 to PC back to ED. By then, I expect to have a BCP in hand as a daily driver.

Some people will get 15k MRs as retention if they have had the card for a few years or spend at least mid 5 figures.

But it only took about 45 days after I PCed from EDP to ED for Amex to send me a 40k offer to upgrade back to EDP. So getting started on the next downgrade/upgrade cycle may make more sense than accepting a mediocre retention offer to extend the current cycle.

*But definitely YYMV! And I'd probablky take the 15k rather than hope for another upgrade opportunity in the near future.

Re: Want to downgrade my Amex EDP back to ED

unsungivy — Thu, 26 May 2022 12:17:20 GMT

@Junejer wrote:

It is not a daily driver card by any stretch of the imagination.

🤨 Strange thing to say, since it absolutely is. Gotta jump in here and defend this highly underrated card. In fact, it's best as a daily driver since that's the most practical way to hit 30 swipes monthly. 4.5x groceries (which is better than the Gold card), 3x gas, and 1.5x everything else plus offers... comparable to the CFU with the 1.5% base and 3% dining/drugstores (although the CFU doesn't have the swipe requirement not AF, those are what get you that huge boost to groceries). Its value is significantly degraded when it's NOT the daily driver, due to it being more of a pain to get 30 swipes (but still doable with patience). This is diluted when you have other cards to spread specific things around to... such as better gas and dining cards (although 3x gas is solid) or a 2% card.

But as a daily driver when you don't have a large number of cards? That's where the EDP shines.

Re: Want to downgrade my Amex EDP back to ED

Junejer — Thu, 26 May 2022 23:36:17 GMT

@unsungivy wrote:
@Junejer wrote:

It is not a daily driver card by any stretch of the imagination.
🤨 Strange thing to say, since it absolutely is. Gotta jump in here and defend this highly underrated card. In fact, it's best as a daily driver since that's the most practical way to hit 30 swipes monthly. 4.5x groceries (which is better than the Gold card), 3x gas, and 1.5x everything else plus offers... comparable to the CFU with the 1.5% base and 3% dining/drugstores (although the CFU doesn't have the swipe requirement not AF, those are what get you that huge boost to groceries). Its value is significantly degraded when it's NOT the daily driver, due to it being more of a pain to get 30 swipes (but still doable with patience). This is diluted when you have other cards to spread specific things around to... such as better gas and dining cards (although 3x gas is solid) or a 2% card.

But as a daily driver when you don't have a large number of cards? That's where the EDP shines.

Defend away. I wasn't talking about the card on a macro level, I was speaking about it from my POV. It is not and will not ever be one of my daily driver cards. So, it wasn't at all a strange thing to say.

Re: Want to downgrade my Amex EDP back to ED

Anonymous — Fri, 27 May 2022 03:49:32 GMT

@unsungivy wrote:
@Junejer wrote:

It is not a daily driver card by any stretch of the imagination.
🤨 Strange thing to say, since it absolutely is. Gotta jump in here and defend this highly underrated card. In fact, it's best as a daily driver since that's the most practical way to hit 30 swipes monthly. 4.5x groceries (which is better than the Gold card), 3x gas, and 1.5x everything else plus offers... comparable to the CFU with the 1.5% base and 3% dining/drugstores (although the CFU doesn't have the swipe requirement not AF, those are what get you that huge boost to groceries). Its value is significantly degraded when it's NOT the daily driver, due to it being more of a pain to get 30 swipes (but still doable with patience). This is diluted when you have other cards to spread specific things around to... such as better gas and dining cards (although 3x gas is solid) or a 2% card.

But as a daily driver when you don't have a large number of cards? That's where the EDP shines.

But then why did u SD it😅

Re: Want to downgrade my Amex EDP back to ED

Junejer — Fri, 27 May 2022 21:07:05 GMT

@Anonymous wrote:
@unsungivy wrote:
@Junejer wrote:

It is not a daily driver card by any stretch of the imagination.
🤨 Strange thing to say, since it absolutely is. Gotta jump in here and defend this highly underrated card. In fact, it's best as a daily driver since that's the most practical way to hit 30 swipes monthly. 4.5x groceries (which is better than the Gold card), 3x gas, and 1.5x everything else plus offers... comparable to the CFU with the 1.5% base and 3% dining/drugstores (although the CFU doesn't have the swipe requirement not AF, those are what get you that huge boost to groceries). Its value is significantly degraded when it's NOT the daily driver, due to it being more of a pain to get 30 swipes (but still doable with patience). This is diluted when you have other cards to spread specific things around to... such as better gas and dining cards (although 3x gas is solid) or a 2% card.

But as a daily driver when you don't have a large number of cards? That's where the EDP shines.
But then why did u SD it😅

Great point @Anonymous! I hadn't even noticed that. *smh*

Re: Want to downgrade my Amex EDP back to ED

wasCB14 — Fri, 27 May 2022 23:19:22 GMT

My EDP is SDed.

Groceries: Gold gives 4x and I get $320 in credits instead of $240. Yes, 4.5x is better but it's capped at $6k spend so we're talking a difference of 3k points per year at most. For Costco I have BofA 3.5% capped CR / 2.625% uncapped PR.

Gas: Costco Visa. The lines aren't too bad at Costco and 4% elsewhere is pretty good. My gas spend is well within the cap.

Everything else: BofA Premium Rewards, BBP, or Business Platinum as appropriate.

So that 0.5x for me does nothing. 3k points isn't worth that much micromanagement when Amex gives out 25k and 40k upgrade offers like candy.

Re: Want to downgrade my Amex EDP back to ED

Junejer — Sat, 28 May 2022 14:59:11 GMT

@wasCB14 wrote:
My EDP is SDed.

Groceries: Gold gives 4x and I get $320 in credits instead of $240. Yes, 4.5x is better but it's capped at $6k spend so we're talking a difference of 3k points per year at most. For Costco I have BofA 3.5% capped CR / 2.625% uncapped PR.
Gas: Costco Visa. The lines aren't too bad at Costco and 4% elsewhere is pretty good. My gas spend is well within the cap.
Everything else: BofA Premium Rewards, BBP, or Business Platinum as appropriate.

So that 0.5x for me does nothing. 3k points isn't worth that much micromanagement when Amex gives out 25k and 40k upgrade offers like candy.

Mine is kind of SD. It stays alive by our monthly gym memberships.