All my Visa cards were switched/converted to AMEX

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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cc_is_cash
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All my Visa cards were switched/converted to AMEX

Postby cc_is_cash » Sat Mar 03, 2012 3:51 pm

I have had two VISA cards converted to AMEX, not by my choosing.

Macy's changed my VISA card to an AMEX one, and BofA did the same. AMEX also scored an exclusive deal with Costco a few years back. They seem to be quite aggressive and successful with marketing to merchants.

I am curious to know what other stores issuing cards have switched. I like AMEX, but now I have to find a new VISA card because I lost all of mine to AMEX :) But I guess I should ask for a recommendation on the VISA forum.


CC Deville
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Postby CC Deville » Sat Mar 03, 2012 9:32 pm

BofA last year sent me an upgrade offer from my World Points Visa Signature to the Accelerated Cash Rewards Amex and I accepted. BofA just changed your Visa to an Amex without asking or offering? That is unusual.

As far as the Macys/Bloomingdale's conversion, that was kind of a fluke. If you look around I believe that the whole banks-issuing-Amex's experiment has run its course. Sure, there are banks/credit unions offering them, but most have scaled back. In 2005-2007 when Amex won the anti trust lawsuit, Citibank, BofA (MBNA) HSBC and GE started offering a ton of different Amex cards. Now Citibank and BofA only actively market one Amex, HSBC is pulling out of the US so they took their offering away and GE only offers the Dillard's Amex. PenFed and First National Bank of Omaha offer one Amex as well.

I think you are safe from having any other cards changed to Amex. It would be safe to assume that if you went with Wells Fargo, US Bank or Chase that you can expect your card to always be a Visa as those banks have never expressed any interest in issuing anything but Visa.

You may even be able to contact BofA and ask them to change your Amex to a Visa card.

cc_is_cash
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Postby cc_is_cash » Sat Mar 03, 2012 9:44 pm

CC Deville wrote: BofA just changed your Visa to an Amex without asking or offering? That is unusual.

I can't quite remember exactly how it happened, but I think when my VISA reached its expiration date, they just sent me the AMEX as replacement.

You may even be able to contact BofA and ask them to change your Amex to a Visa card.
Well, I have canceled the AMEX :) But I am considering applying for the BofA VISA through my online BofA account (have checking/savings with them). I am also considering Chase Freedom.



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