Amex Product Change Rules and Guidelines

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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CC Deville
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Postby CC Deville » Sat Aug 30, 2014 11:36 am

CarefulBuilder14 wrote:So why do you like Blue more than BCE? Do you just prefer the MR system to cash?

:money: I know what I prefer! :money:


Well, they sent me a ton of pre-approvals back in 2008 for the Blue card with 0% APR on purchases for 15 months so I decided to apply for it so that I could buy a new computer. It ended up not having bad terms; currently 9.24% APR and $10,500 credit line (never increased). I was also happily surprised to find that my Blue was backdated to 1999 because I had a Gold card between 1999 and 2005. So, I guess I have been hesitant to change to BCE because I didn't necessarily want to mess with my APR or anything like that. Plus, I much prefer my BofA Cash Rewards Visa Signature over BCE.

I currently have 15 credit cards and would like to start closing a few. I was just hoping to change my Blue into the Everyday in an effort to keep the account and make it more useful to me. The added benefit would have been full MR points instead of MRE and I would have had my ZYNC MRE's changed to MR's on top of it. But they have to be difficult....


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CarefulBuilder14
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Postby CarefulBuilder14 » Sat Aug 30, 2014 11:59 am

CC Deville wrote:Well, they sent me a ton of pre-approvals back in 2008 for the Blue card with 0% APR on purchases for 15 months so I decided to apply for it so that I could buy a new computer. It ended up not having bad terms; currently 9.24% APR and $10,500 credit line (never increased). I was also happily surprised to find that my Blue was backdated to 1999 because I had a Gold card between 1999 and 2005. So, I guess I have been hesitant to change to BCE because I didn't necessarily want to mess with my APR or anything like that. Plus, I much prefer my BofA Cash Rewards Visa Signature over BCE.

I currently have 15 credit cards and would like to start closing a few. I was just hoping to change my Blue into the Everyday in an effort to keep the account and make it more useful to me. The added benefit would have been full MR points instead of MRE and I would have had my ZYNC MRE's changed to MR's on top of it. But they have to be difficult....


I'm not sure what happens to an APR during a product change. I guess I expected it would stay the same but different cards have different ranges for APRs, so your concern makes sense. What do you like about BofA Cash Rewards over BCE? A better limit? Or it just fits in and is more practical or convenient with other BofA accounts?

I can see the appeal of converting MR Express to MR points. I know MRE has fairly few options.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

CC Deville
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Postby CC Deville » Sat Aug 30, 2014 12:35 pm

CarefulBuilder14 wrote:I'm not sure what happens to an APR during a product change. I guess I expected it would stay the same but different cards have different ranges for APRs, so your concern makes sense. What do you like about BofA Cash Rewards over BCE? A better limit? Or it just fits in and is more practical or convenient with other BofA accounts?

I can see the appeal of converting MR Express to MR points. I know MRE has fairly few options.


The BofA Cash Rewards just works for me; 3% on gas, 2% on groceries and 1% everything else. When I redeem my rewards into my BofA checking account I get an extra 10% bonus so its like a 3.3% 2.2% and 1.1% card. I believe with BCE you just get a credit to your account; I'd rather have a paper check or a direct deposit to my checking. Additionally, my Cash Rewards is a Visa Signature and is accepted in more places (with the obvious exception of Costco and I don't go there often anyway). My Cash Rewards pairs nicely with my Better Balance Rewards as well; I charge my 24 Hour Fitness on that sucker and pay it off and earn $120 a year for virtually nothing.

Yeah, I don't really know what to do with the MRE points; I've never redeemed them in the nearly 6 years I have had the account.

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CarefulBuilder14
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Postby CarefulBuilder14 » Sat Aug 30, 2014 12:47 pm

CC Deville wrote:The BofA Cash Rewards just works for me; 3% on gas, 2% on groceries and 1% everything else. When I redeem my rewards into my BofA checking account I get an extra 10% bonus so its like a 3.3% 2.2% and 1.1% card. I believe with BCE you just get a credit to your account; I'd rather have a paper check or a direct deposit to my checking. Additionally, my Cash Rewards is a Visa Signature and is accepted in more places (with the obvious exception of Costco and I don't go there often anyway). My Cash Rewards pairs nicely with my Better Balance Rewards as well; I charge my 24 Hour Fitness on that sucker and pay it off and earn $120 a year for virtually nothing.

Yeah, I don't really know what to do with the MRE points; I've never redeemed them in the nearly 6 years I have had the account.


I've thought about setting up an account for the Better Balance reward, but I am going to first see how I can handle four issuers.

The extra 10% you get with a checking account might be going away, now that Chase no longer offers it on the Freedom - although the Freedom and BofA cash rewards are a bit different and don't directly compete. I don't know if BofA has a history of nerfing rewards.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

mikegyver
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Postby mikegyver » Sat Aug 30, 2014 1:07 pm

Does american express still say you need the account active for 13 months before doing a product change?

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CarefulBuilder14
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Postby CarefulBuilder14 » Sat Aug 30, 2014 5:55 pm

mikegyver wrote:Does american express still say you need the account active for 13 months before doing a product change?


That might depend on what change you want to do. They are certainly stricter about it than they were 2 years ago.

You can downgrade a preferred version to a no-AF version anytime. I'm not sure about the timing of changing cards within the same family. In more and more cases, you would have to apply for a new card and create a new account.

Did you have a particular PC in mind?
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

mikegyver
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Postby mikegyver » Sat Aug 30, 2014 7:23 pm

Not exactly sure but considering the gold card into something else especially before the af hits.

Sounds like charge to credit is not allowed, credit to charge either.

I will say the gold card is a nice looking card.

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CarefulBuilder14
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Postby CarefulBuilder14 » Sat Aug 30, 2014 7:39 pm

Your only option that would have a lower fee would be the Green. I don't know if you'd get the AF waived on the Green for the first year like you could easily do as a new card member.

If you definitely want a charge card long-term, I'd just stick with the Gold or even get the PRG. Then you'd get better roadside assistance and spending rewards.

I don't know the details of your spending or credit, but you might also consider just closing the account and doing without a charge card.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when



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