Amex Platinum — cancel or downgrade?

[wasCB14]

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@1LostArk wrote:

Downgraded my card to a Green after the 13th statement rather than cancel it. I had my green card for less than two weeks before receiving an offer to upgrade to the Gold for 60k MR points. Obviously I accepted without hesitation. I did put heavy restaurant spend on the green during the short time I had it, not sure if that played a part. I must say I do feel rewarded for doing "right" by Amex and not canceling. Now a question for the Amex experts: if I downgrade to the green again next year, will that flag my account to the RAT? 

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Not that I've seen. Just be sure to wait at least 12 months before downgrading.

Nice Green-to-Gold offer!

[GrandBaker]

Cancel. But make sure you have another card that allows you to retain any MR points to your account. AFAIK all 3 charge cards plus the EveryDay (regular and preferred) cards would work.

[OmarGB9]

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@GrandBaker wrote:

Cancel. But make sure you have another card that allows you to retain any MR points to your account. AFAIK all 3 charge cards plus the EveryDay (regular and preferred) cards would work.

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OP already decided to downgrade to a Green and then upgrade to a Gold.

[Eagered2succeed]

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@BronzeTrader wrote:

The AmEx Green is really a bad card.  You get little with the $150 AF.  You'd be better off sticking with Plat.  Or just close it.

Even the Gold is a far better card than the Green.  The AF is only $100 higher.

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This is the exact reason I just decided to close mines 2 days ago. The green is not appealing at all except to keep the trade line. Also the gold doesn't beat anything in my portfolio especially considering the annual fee. While I enjoyed my platinum I just don't think I'm doing the kind of spending to justify the annual fee ATM. Have 2 other amex products so the door is always open.