Converting from AMEX Credit to Charge Card. Bad Idea?

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mce252
 
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Converting from AMEX Credit to Charge Card. Bad Idea?

Postby mce252 » Wed Sep 19, 2012 6:54 am

I'm interested in converting from my Amex Blue to one of the Amex charge cards. I have a large credit limit on my old card. If I transfer to a charge card, would it hurt my credit by showing up as a reduction in credit until I begin using the charge card?

Does anyone have experience with this? I really don't want to keep the Blue open if I get another Amex card.


RidgeRacerJM
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Postby RidgeRacerJM » Thu Sep 20, 2012 3:35 pm

Unfortunately... You can't do a product change from a credit card to a charge card, or vice-versa. Just the way it is. You'll have to submit a new app for the charge card you want.
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jeffysdad
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Postby jeffysdad » Thu Sep 20, 2012 3:45 pm

Amex will assign a portion of your existing credit line to a new account. You'll be better off having two accounts, one charge, one revolver.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

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djrez4
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Postby djrez4 » Thu Sep 20, 2012 7:44 pm

jeffysdad wrote:Amex will assign a portion of your existing credit line to a new account. You'll be better off having two accounts, one charge, one revolver.


This is the first I've heard of this. How does one transfer a portion of an NPSL card to a new revolver?
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

jeffysdad
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Postby jeffysdad » Thu Sep 20, 2012 7:48 pm

Oh, OK. It might not work that way. I forgot you have a NPSL card. I think I might have had two revolvers at one time and transferred some of one line to the other.

However, you should just call Amex and ask them. If you're in good standing, you should have no problem getting what you want.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

CC Deville
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Postby CC Deville » Fri Sep 21, 2012 8:56 am

As others have said, you will have to apply for a charge card. You should already know about Amex backdating so opening a new charge card won't hurt your credit score as it will report as being opened the same year as your first Amex. You really have nothing to lose by applying. I would wait until January for the best backdating.



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