CarefulBuilder14 wrote:How bad is your credit? Maybe you could qualify for an Amex revolver like BCE? They have a lot of the same benefits as Amex charge cards. There's more to a credit report than the associated FICO, of course, but FICOs under 675 have tough odds of getting a revolver.
If you're spending less than $500 a month on it, maybe you don't really even need a charge card of any kind? I'm not using mine much anymore and plan to close it. The signup bonus was great, but the continuing rewards don't justify the annual fee.
With more information about your history, we can get a better idea of your realistic alternatives to keeping the PRG and downgrading it.
cmnnn wrote:I wasn't sure if it was worth it to just keep my gold status?
takeshi wrote:There's no "status" to retain. If you want the PRG at a later date you can PC or apply. Underwriting is the same for all charge cards so it's just a matter of selecting the AF and benefits that suit you.
Either the card is beneficial to you or it isn't. Do the MR points that you earn on your current spend make it worthwhile for you? Make the same assessment for any cards you're looking to PC to.
thom02099 wrote:Downgrade options available:
AMEX Green at $95 AF
AMEX Senior Green at $35 AF/basic. Can add MR for additional $40, total AF $75
AMEX Gold at $125 AF
AMEX Senior Gold at $55 AF/basic. Can add MR for additional $40, total AF $95
CarefulBuilder14 wrote:I've heard of Amex Senior cards before but know very little about them. Can you give more detail about how they differ from their non-senior equivalents?
Nixon wrote:Probably just a lower cost option.