From Amex NPSL to Amex CLI

[zeusta20]

I would love some advice around this. I currently have the Amex Gold Card. But honestly, the rewards for Amex isn’t like how it used to be. I have the Chase Sapphire Reserve Card, which has a pretty hefty annual fee ($450). I have no problem paying this annual fee because I travel pretty often. So the benefits outweigh the annual fee. But I wanted to switch my Amex Gold Card to maybe a Amex BCE or something that doesn’t have an annual fee. I don’t want pay two expensive annual fee cards. Especially if I’m only really using one on a consistent basis. Is this going to be a HP on my credit if I did that? And does Amex consider that a new product so will my average age of accounts be impacted too?

Thanks for any advice!

[Anonymous]

From my understanding Amex won't convert a charge account into a revolver. Especially if the reward structure is different. They may however counter you with a good retention offer

[zeusta20]

I see. So if I were to apply for a revolving card, would that count as a HP? And would they backdate my card to when I opened my gold card?

[UncleB]

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@zeusta20 wrote:
I see. So if I were to apply for a revolving card, would that count as a HP? And would they backdate my card to when I opened my gold card?

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Lately (last year or so) existing Amex cardholders have reported adding a new Amex account with no HP, but it's not 'guaranteed'... many here will say "expect a HP and be pleased if there's not one".  That said, it's been a while since I've read of an existing cardholder getting HP'd for a new account, so I would say your chances are good. 

Regarding backdating, Amex stopped doing that back in March 2015.  Any new account will report being opened on the actual date it is approved. 

[Anonymous]

You can not PC from AMEX PRG to ED or BCE...you could downgrade to AMEX green ($95 AF). I did this, but then i just closed it yesterday as i was not using it.