Upgrade card

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attrapereves
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Upgrade card

Postby attrapereves » Sat Aug 01, 2015 6:56 pm

I want to upgrade my Blue Cash Everyday to the Preferred card. Are they able to upgrade the card without pulling my credit? Would it be better to apply for the new card, then transfer the credit limit and close the old card to benefit from the intro offer? I'm assuming I would lose my 2010 open date if I did it this way.


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CarefulBuilder14
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Re: Upgrade card

Postby CarefulBuilder14 » Sat Aug 01, 2015 11:27 pm

attrapereves wrote:I want to upgrade my Blue Cash Everyday to the Preferred card. Are they able to upgrade the card without pulling my credit? Would it be better to apply for the new card, then transfer the credit limit and close the old card to benefit from the intro offer? I'm assuming I would lose my 2010 open date if I did it this way.

Amex grants a lot of people that upgrade. That said, I can't be 100% sure it's an option for you right now. Call them and ask if they will allow it. They probably will.

If you close the old account, you will lose the 2010 open date (but keep the history in the form of a closed account). If you upgrade (aka Product Change) to BCP keeping the same account, then the 2010 open date will remain.

As far as what is best for you, I'd need to know more about the rest of your credit and goals. The public offer is $150, which wouldn't interest me. You might have a better targeted offer, though.
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PhillyPhoto
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Re: Upgrade card

Postby PhillyPhoto » Mon Sep 28, 2015 2:32 pm

Be sure to read the terms carefully:

If we identify you as currently having an American Express® Card account, you may not be eligible for this welcome bonus offer. This offer is also not available to applicants who have or have had this product.


You might not get the rewards at all if you open a new account and you then lose the history as well like CarefulBuilder14 said. All Amex does now is keep the "Member Since" date, but they stopped backdating new accounts.
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kdm31091
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Re: Upgrade card

Postby kdm31091 » Mon Sep 28, 2015 6:07 pm

I did this upgrade. You won't receive the bonus if you upgrade, but you do keep the original account opening date etc.

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CarefulBuilder14
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Re: Upgrade card

Postby CarefulBuilder14 » Mon Sep 28, 2015 6:47 pm

kdm31091 wrote:I did this upgrade. You won't receive the bonus if you upgrade, but you do keep the original account opening date etc.

I think I've read that some people have managed to get small PC bonuses (like $50 or $75) when upgrading BCE to BCP.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
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takeshi
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Re: Upgrade card

Postby takeshi » Tue Sep 29, 2015 8:31 am

attrapereves wrote:Would it be better to apply for the new card, then transfer the credit limit and close the old card to benefit from the intro offer? I'm assuming I would lose my 2010 open date if I did it this way.

Define better (it's subjective so always clarify when you use the word) and your priorities.

PC'ing means you'll likely miss out on sign up bonuses but you'll retain open date, history, etc.

Opening and closing incurs the typical impacts to credit -- the hard pull, the new account, reduced AAoA, etc. Should be no impact to revolving utilization with the limit transferred. A strong, established credit profile may see little to no impact from this. A thinner and/or weaker credit profile could see a bigger impact from all this.



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