From Platinum to...

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
6 posts
JWBurns
 
Posts: 1
Joined: Mon Jan 28, 2013 9:14 am
Location: Dallas Texas

From Platinum to...

Postby JWBurns » Mon Jan 28, 2013 9:21 am

Hello, new member everyone

So next month my Platinum renewal will take effect. While I've enjoyed the card over the last year, the card simply provides more benefits than I am able to personally take advantage of. As mentioned in the other Platinum post, I will call and ask for a fee waiver, but it's unlikely it will be granted. I've never made a late payment, but I've only ran about 22k through this card last year.

I'm now looking into either downgrading the card, or canceling it altogether.

I currently hold a Blue Cash Preferred, as well as a Chase Sapphire Preferred.

Any suggestions as to which card I should downgrade to?

The best benefit of the Platinum was the airline lounge access as well as the baggage fee credit of $200. We travel 3 times a year, and used that option up quickly.

I'm open to suggestions! Thanks


Fartanywherecard
Platinum Member
Platinum Member
 
Posts: 56
Joined: Mon Jan 21, 2013 12:18 pm
Location: NYC

Postby Fartanywherecard » Mon Jan 28, 2013 1:54 pm

The Chase Sapphire Preferred, compared side by side to the Amex Plat, is pretty good, if not far better for every day use, and both offer some unique features that the other doesn't (ex: 7% annual point dividend, 20% discount on travel booked through ultimate rewards, Chase Price Protection). Amex does much better for travel, but all else is fairly equal.

the question then becomes

1) who does service better? Amex or Chase? Who can you trust to come through? and whose points are more flexible? I'll leave these answers to those that have been using Amex and Chase longer than I have.

and

2) what do you use your cards for?

Amex Premier Rewards Gold will give you 2x points on gas and groceries. Sapphire Preferred doesn't and Platinum doesn't. That may be a worthwhile downgrade for you.

Sevenfeet
Centurion Member
Centurion Member
 
Posts: 532
Joined: Thu Jan 17, 2013 7:20 pm
Location: United States

Postby Sevenfeet » Mon Jan 28, 2013 8:51 pm

I'd go back and look at the Travel Card section on the front page of this website. I like examining the Amex Premier Reward Gold card but you also might want to check out the Gold Delta Skymiles Amex (if you fly Delta) of the Chase United MileagePlus Explorer card (if you fly United).
Cards:
American Express Platinum (NPSL)
Penfed Platinum Reward Visa ($28K)
Chase Freedom Visa ($25K)
Fidelity American Express ($20K)
American Express Blue Cash Preferred ($20K)
Bank of America Cash Rewards MasterCard ($20K)
Citi Thank You Preferred Visa ($9.5K)
Chase Sapphire Preferred ($7.5K)
US Bank Cash + Visa Signature ($7K)
Discover IT ($4K)

cowbman
 
Posts: 1
Joined: Thu Jan 31, 2013 12:30 am
Location: San Antonio, TX

Postby cowbman » Thu Jan 31, 2013 12:33 am

It really depends on what your needs are. Specifically, I'd consider two things. Will you do better from cash or points. The second thing is what categories do you spend in. I'd say Chase and AmEx offer similar protection (though AmEX is superior in this regard), I'd go with what will earn me the most value. If you reply back with more of this information, you will be able to get more targeted advise.

marzbarz
Gold Member
Gold Member
 
Posts: 44
Joined: Wed Jan 30, 2013 6:09 pm
Location: San Antonio

Postby marzbarz » Thu Jan 31, 2013 8:08 pm

I would go with the CSP, $95 compared to $400 annual fee, for about the same benefits is a no brainer
AMEX Blue Cash: $23,500
CITI Doublecash (World Elite MC): $11,200
CAPONE Quicksilver (VISA Signature): $12,500
CHASE Freedom (VISA Signature): $20,000
USAA Rewards (World MC): $13,500
USAA Rewards (VISA): $18,500

Robrus1
Centurion Member
Centurion Member
 
Posts: 797
Joined: Tue Oct 02, 2012 3:25 pm
Location: Texas

Postby Robrus1 » Sat Feb 02, 2013 8:25 am

As far as Amex goes, if you're wanting to downgrade charge cards, the only decent option is the PRG. The CSP is a great travel card and that's what I use primarily when traveling. You have the BCP which is a good cash back card, and the CSP which you can use for travel. If you are wanting to keep a charge card and plan on using one, the PRG is the way to go. If you don't plan on using the charge card much but just want to have one, get the green with the lower annual fee. Otherwise, cancel the Platinum card and stick to CSP and BCP. You can't downgrade your charge card to an Amex credit card, like Gold Delta Sky Miles. You'd have to apply for it separately and then cancel the Platinum.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K



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