How long would you wait before requesting product change?

[lolabelle]

I've had an AMEX Delta Gold with a pretty high credit limit ($13K) since last October.  I just got an AMEX BCP in mid-April.  I'd like to lose the Delta Gold before the annual fee comes due.  It feels redundant since I have also have a CSP, and also isn't really serving its purpose (for example, I just found out I couldn't use miles to purchase theatre tickets like I thought because they limit that aspect of the rewards program to Medallion members... bummer).

What's the common wisdom on number of days to wait after opening a new account with AMEX before requesting a product change?  I'm thinking I'll either ask to be switched to another card without an annual fee or - preferably - ask to have at least the majority of the CL transferred to the BCP and just cancel the Delta Gold entirely.

[Walt_K]

If the card isn't suiting you, I don't see why you need to wait any amount of time.  I'd just call and ask what you are eligible to transfer to.

[pizzadude]

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@lolabelle wrote:

I've had an AMEX Delta Gold with a pretty high credit limit ($13K) since last October.  I just got an AMEX BCP in mid-April.  I'd like to lose the Delta Gold before the annual fee comes due.  It feels redundant since I have also have a CSP, and also isn't really serving its purpose (for example, I just found out I couldn't use miles to purchase theatre tickets like I thought because they limit that aspect of the rewards program to Medallion members... bummer).

What's the common wisdom on number of days to wait after opening a new account with AMEX before requesting a product change?  I'm thinking I'll either ask to be switched to another card without an annual fee or - preferably - ask to have at least the majority of the CL transferred to the BCP and just cancel the Delta Gold entirely.

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Most creditors will make you wait at least 12 months before they will do a PC ~ the CARD act explicitly forbids changing AFs in the first year, so many creditors will say that it prevents them from allowing a change.

YMMV, but I think that AMEX tells people to wait 13 months before PC, but it's worth a call to them to try IMO.   

[Creditaddict]

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@pizzadude wrote:

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@lolabelle wrote:

I've had an AMEX Delta Gold with a pretty high credit limit ($13K) since last October.  I just got an AMEX BCP in mid-April.  I'd like to lose the Delta Gold before the annual fee comes due.  It feels redundant since I have also have a CSP, and also isn't really serving its purpose (for example, I just found out I couldn't use miles to purchase theatre tickets like I thought because they limit that aspect of the rewards program to Medallion members... bummer).

What's the common wisdom on number of days to wait after opening a new account with AMEX before requesting a product change?  I'm thinking I'll either ask to be switched to another card without an annual fee or - preferably - ask to have at least the majority of the CL transferred to the BCP and just cancel the Delta Gold entirely.

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Most creditors will make you wait at least 12 months before they will do a PC ~ the CARD act explicitly forbids changing AFs in the first year, so many creditors will say that it prevents them from allowing a change.

YMMV, but I think that AMEX tells people to wait 13 months before PC, but it's worth a call to them to try IMO.   

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I believe the card act is to prevent from going no annual fee to annual fee... Not sure since you have annual fee if that opens you to PC to a card that has no annual fee before the 1 year mark or not... If it does prevent, it's 13 months for Amex.

but Amex is fabulous with PC and reps just go to a certain screen and it brings up a list for them of what you can move too... call up, if not possible you will be on the phone for 2 minutes!

[lolabelle]

Well, I just tried and... nope.  The CSR called it a "reallocation", but the person who told me it was denied called it a CLI.  I'm guessing they put it through as a CLI request on the BCP, which would likely be automatically denied since it was opened so recently.  I should know in 7-10 business days when the letters comes.  Possible silver lining:  Maybe I'll get an updated Experian FICO out of the deal?

On the up side, I did find out that my BCP was backdated.  

[pizzadude]

Well at least you gave it a shot.   At it will only be a soft pull, so that's a win, and like you said maybe a FICO too 

And congrats on the backdating too !