How would downgrading a credit card affect score?

[realroto]

I currently have the Amex Blue Cash Preferred and I am considering downgrading to the Bluecash Everyday with the no AF.

If I were to downgrade would that affect my credit score/age?

Would it be considered closing the old account and opening a new account?

Any advice would be helpful.

[DakotaM]

It is still the same account, so no hits to credit score. 

Amex will send out offers to upgrade to the Blue Cash Preferred again, complete with a welcome bonus. I'm on my third round now. 

[TrapLine]

For my purposes I have done that. No problems. Example, took a Chase Sapphire Preferred Visa to a Chase Freedom Unlimited Visa.

The key may be if a credit limit lowering were to take place there could be ramifications. Suspect there would not be a CL lowering.

Speaking for myself, for science on this forum, I had a financial reduce a credit limit and my score dropped and has not recoverd. Fortunately, I did not create a utilization or DTI situation which would have caused challenges.

[GZG]

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@realroto wrote:

I currently have the Amex Blue Cash Preferred and I am considering downgrading to the Bluecash Everyday with the no AF.

If I were to downgrade would that affect my credit score/age? no

Would it be considered closing the old account and opening a new account? no

Any advice would be helpful.
when they offer you $150 + no annual fee for $1k spend/6 months to upgrade it back to a BCP, take it

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[FalconSteve]

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@realroto wrote:

I currently have the Amex Blue Cash Preferred and I am considering downgrading to the Bluecash Everyday with the no AF.

If I were to downgrade would that affect my credit score/age?

Would it be considered closing the old account and opening a new account?

Any advice would be helpful.

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If it is a PC  (procuct change), the card history transfers. It doesn't close one snd open another

[mgood]

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@DakotaM wrote:

It is still the same account, so no hits to credit score. 

Amex will send out offers to upgrade to the Blue Cash Preferred again, complete with a welcome bonus. I'm on my third round now. 

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The annual fee on my BCP should hit in April. I'm planning to downgrade to BCE. Then I'm hoping I can play these upgrade/downgrade games for fun and profit like I've been reading about.

[DakotaM]

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@mgood wrote:

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@DakotaM wrote:

It is still the same account, so no hits to credit score. 

Amex will send out offers to upgrade to the Blue Cash Preferred again, complete with a welcome bonus. I'm on my third round now. 

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The annual fee on my BCP should hit in April. I'm planning to downgrade to BCE. Then I'm hoping I can play these upgrade/downgrade games for fun and profit like I've been reading about.

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Yes, especially fun and profitable if you can snag the $150 sub + no annual fee one. I think my account pretty much immediately showed an offer for $75 but I would still have to pay the annual fee (It wasn't immediately clear and I had to dig into the offer terms) .  My $150 offer came several months later. 

[FalconSteve]

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@DakotaM wrote:

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@mgood wrote:

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@DakotaM wrote:

It is still the same account, so no hits to credit score. 

Amex will send out offers to upgrade to the Blue Cash Preferred again, complete with a welcome bonus. I'm on my third round now. 

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The annual fee on my BCP should hit in April. I'm planning to downgrade to BCE. Then I'm hoping I can play these upgrade/downgrade games for fun and profit like I've been reading about.

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Yes, especially fun and profitable if you can snag the $150 sub + no annual fee one. I think my account pretty much immediately showed an offer for $75 but I would still have to pay the annual fee (It wasn't immediately clear and I had to dig into the offer terms) .  My $150 offer came several months later. 

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If you can and ask the CSR VERY nicely, they will be so happy they're aren't dealing with 1) their company screwing up or 2) an entitled Karen (gender neutral use of Karen, as a CVS cashier, CVS photo tech, Red Robin Server, Credit Union teller, etc I PROMISE there are HORRIFIC male Karens, especially 65+) that nice little chat, especially pets or kids gets almost anything waived.

I've heard dogs or kids in the background and politely ask "Do you have a dog/baby/etc?", "Yeah, sorry f...", "No, that's great, I'm so glad Company X  is remaining flexible, that really makes me feel good about giving Discover/Aetna/Caremark/SoFi/Verizon FiOS/etc (I can't remember which ones do stuff like this, these are random) business and that is the kind of stuff that I look for when recomending a company. It's important to me that I'm supporting Y. Would you please pass my feedback on to you supervisor?"

"Why, yes" or "I'll do my best" to which you respond "Well, I know it isn't much but at least you know that, whether you can help or not, I appreciate you trying"
Seriously, you have NO IDEA how many people just want to feel like they aren't just a cog in a machine.

0

"You have a Lab! You will never believe this, my dogs mother was a 75-85 pounds golden shepherd, her dad was 40pounds, 1/2 beagle and HALF LAB!!! She weighs 20-22 pounds because of DWARFISM amd she's my service dog, saved my life dozens of times (seizurre warning), wife too (Sepsis, acidosis)"--True story her name is SoFi pronounced Sophie, but she forgave the Fintech/Bank for the name this because they bought her a stadium with a ton of grass that's all hers. She said people can you it, but NO CATS. =)