I have an offer to upgrade amex gold to plat. Right now my gold AF is due at the end of this month. I have a few questions:
1. If I upgrade card when will the new AF post? Immediately? In 45 days?
2. Do I still have to pay the current AF at the end of this month or will that be removed and incporated automatically into the new AF or will I have to pay it and the new AF later on will be reduced by that amount?
3. If I upgrade now a few weeks before my AF is due will I still get jammed next year and have to keep the card to avoid a clawback or will the new AF post far enough back that I will hit the 13 month mark with the card before it becomes due?
Reason for the questions are I really like the offer but I already have a plat card which I need to hold on to so paying two AFs on plat cards is less than optimal due to duplicate benefits. If I can get this card and get the SUB I can justify the one year AF. This is rather frustrating because had they made me this offer in the past I would have never taken the offer for the other plat. I just took it because I wanted to hold on to a plat card for perks.
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@red259 wrote:I have an offer to upgrade amex gold to plat. Right now my gold AF is due at the end of this month. I have a few questions:
1. If I upgrade card when will the new AF post? Immediately? In 45 days?
2. Do I still have to pay the current AF at the end of this month or will that be removed and incporated automatically into the new AF or will I have to pay it and the new AF later on will be reduced by that amount?
3. If I upgrade now a few weeks before my AF is due will I still get jammed next year and have to keep the card to avoid a clawback or will the new AF post far enough back that I will hit the 13 month mark with the card before it becomes due?
Reason for the questions are I really like the offer but I already have a plat card which I need to hold on to so paying two AFs on plat cards is less than optimal due to duplicate benefits. If I can get this card and get the SUB I can justify the one year AF. This is rather frustrating because had they made me this offer in the past I would have never taken the offer for the other plat. I just took it because I wanted to hold on to a plat card for perks.
If you already have 1. Why have 2? Im no AMEX expert.
@FireMedic1 wrote:
@red259 wrote:I have an offer to upgrade amex gold to plat. Right now my gold AF is due at the end of this month. I have a few questions:
1. If I upgrade card when will the new AF post? Immediately? In 45 days?
2. Do I still have to pay the current AF at the end of this month or will that be removed and incporated automatically into the new AF or will I have to pay it and the new AF later on will be reduced by that amount?
3. If I upgrade now a few weeks before my AF is due will I still get jammed next year and have to keep the card to avoid a clawback or will the new AF post far enough back that I will hit the 13 month mark with the card before it becomes due?
Reason for the questions are I really like the offer but I already have a plat card which I need to hold on to so paying two AFs on plat cards is less than optimal due to duplicate benefits. If I can get this card and get the SUB I can justify the one year AF. This is rather frustrating because had they made me this offer in the past I would have never taken the offer for the other plat. I just took it because I wanted to hold on to a plat card for perks.
If you already have 1. Why have 2? Im no AMEX expert.
Only reason I can think of is for a sweet upgrade offer. After one year, downgrade the second plat again. Opportunity cost for the points earned by Gold is huge, though, if that is someone's main food card.
@FireMedic1 wrote:
@red259 wrote:I have an offer to upgrade amex gold to plat. Right now my gold AF is due at the end of this month. I have a few questions:
1. If I upgrade card when will the new AF post? Immediately? In 45 days?
2. Do I still have to pay the current AF at the end of this month or will that be removed and incporated automatically into the new AF or will I have to pay it and the new AF later on will be reduced by that amount?
3. If I upgrade now a few weeks before my AF is due will I still get jammed next year and have to keep the card to avoid a clawback or will the new AF post far enough back that I will hit the 13 month mark with the card before it becomes due?
Reason for the questions are I really like the offer but I already have a plat card which I need to hold on to so paying two AFs on plat cards is less than optimal due to duplicate benefits. If I can get this card and get the SUB I can justify the one year AF. This is rather frustrating because had they made me this offer in the past I would have never taken the offer for the other plat. I just took it because I wanted to hold on to a plat card for perks.
If you already have 1. Why have 2? Im no AMEX expert.
I'm no Amex expert either, but I'm 'expert' enough to know that getting a second Amex platinum card would be a waste of money, regardless of the SUB.
I agree with @SouthJamaica. Would you pay $695 for those MR points, alone? If the answer is no, then I wouldn't do it. Also, while you may get those points from their offer, you're losing points for an entire year from what could be earned with your AMEX Gold.
@TheRedHat wrote:I agree with @SouthJamaica. Would you pay $695 for those MR points, alone? If the answer is no, then I wouldn't do it. Also, while you may get those points from their offer, you're losing points for an entire year from what could be earned with your AMEX Gold.
Well no. Not at all. I have another amex gold, so I am not losing anything on that front. Also, I don't agree that its just points alone I am getting. First off its like 130 or 140k points which is not an insignificant amount of points. Second there are some credits I can use top lower the bite of the AF. Doesn't completely offset it but lowers it a bit. The value proposition drops a lot more though if I'm going to have to keep the plat card for the second year. If I don't do the upgrade I'm going to cancel the card.