6% Groceries - BCP bummer

[Anonymous]

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@Anonymouswrote:

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@K-in-Boston wrote:

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Amex will likely not let you PC the card in the first year.

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Incorrect. I downgraded my BCP to BCE a few months after opening the card. 

AMEX doesn't have an issue with you downgrading because your AF is lowered, not raised, which is not against the CARD Act.

Citi on the other hand, has such a policy in place because you're lucky to find a CSR that is able to read the terms and conditions properly, yet alone how to understand the CARD Act.  

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According to the abreviation dictionary PC = product change, which i suppose could go either way, but you think BCP > BCE because the BCP AF is higher.  maybe i'm new to the game and don't understand credit finanace economics.  maybe i'm a different set of eyes that suggests you examine things differently.  like my kid tells me, credit cards seem nice because credit is a nice word; debit cards sound bad because debits are bad. when in reality it's the opposite.  Mathematicians should be able to tell you THE credit card to have.  An economist is needed to tell you the credit card for YOU.  

[Anonymous]

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@Anonymouswrote:

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@Anonymouswrote:

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@K-in-Boston wrote:

...

Amex will likely not let you PC the card in the first year.

---

Incorrect. I downgraded my BCP to BCE a few months after opening the card. 

AMEX doesn't have an issue with you downgrading because your AF is lowered, not raised, which is not against the CARD Act.

Citi on the other hand, has such a policy in place because you're lucky to find a CSR that is able to read the terms and conditions properly, yet alone how to understand the CARD Act.  

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According to the abreviation dictionary PC = product change, which i suppose could go either way, but you think BCP > BCE because the BCP AF is higher.  maybe i'm new to the game and don't understand credit finanace economics.  maybe i'm a different set of eyes that suggests you examine things differently.  like my kid tells me, credit cards seem nice because credit is a nice word; debit cards sound bad because debits are bad. when in reality it's the opposite.  Mathematicians should be able to tell you THE credit card to have.  An economist is needed to tell you the credit card for YOU.  

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I really don't get what you're trying to say here...

[Anonymous]

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@Anonymouswrote:

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@Anonymouswrote:

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@Anonymouswrote:

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@K-in-Boston wrote:

...

Amex will likely not let you PC the card in the first year.

---

Incorrect. I downgraded my BCP to BCE a few months after opening the card. 

AMEX doesn't have an issue with you downgrading because your AF is lowered, not raised, which is not against the CARD Act.

Citi on the other hand, has such a policy in place because you're lucky to find a CSR that is able to read the terms and conditions properly, yet alone how to understand the CARD Act.  

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According to the abreviation dictionary PC = product change, which i suppose could go either way, but you think BCP > BCE because the BCP AF is higher.  maybe i'm new to the game and don't understand credit finanace economics.  maybe i'm a different set of eyes that suggests you examine things differently.  like my kid tells me, credit cards seem nice because credit is a nice word; debit cards sound bad because debits are bad. when in reality it's the opposite.  Mathematicians should be able to tell you THE credit card to have.  An economist is needed to tell you the credit card for YOU.  

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I really don't get what you're trying to say here...

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I think this is a comment on the term "downgrading", suggesting that going from BCP to BCE isn't really a downgrade just because the AF is lower.   But that is Amex (and other issuers) terminology, going to a card with a (higher) AF is an upgrade, and has CARD Act implications.   So more of a marketing term than a judgement about moral (or financial) worth of the cards in question.

[Anonymous]

I wouldn't be sure what else to call it if I didn't call it a "downgrade." 

[UpperNwGuy]

"Downgrade" is standard industry-wide terminology.  In the credit card business the term always refers to exchanging a card for one with a lower annual fee or no annual fee.

[Anonymous]

apologies, after rereading my reply it seems winded and cryptic.  i was trying to wrap my head around 'downgrade', which sounds negative, equating to paying less money, which is a positive.  in the big picture, termininology had little to do with your point.