Downgrade Platinum to Gold

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Downgrade Platinum to Gold

Postby Matt69 » Mon Jan 27, 2014 2:56 pm

Hello all,

After the first year I was going to downgrade from plat to gold but they offered me a $450 credit if I kept the plat so I stayed.

This year I cannot envision them doing that again. If I call and downgrade to gold I just want to verify that it wouldn't affect my credit. I am going to be buying a house soon and I about a 780 and wouldn't want to affect that by downgrading a card. Would it still show as the same open line of credit on my credit report or is it like closing a card and opening a new one? (In which case I may get a different card altogether).

Thanks for any and all responses.

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Location: Texas

Postby Robrus1 » Mon Jan 27, 2014 3:44 pm

Your credit score will not be affected. AmEx does not see it as a downgrade, but rather, a lateral move. It's just considered a product change. Everything will remain the same.
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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Postby rockyrock » Mon Jan 27, 2014 10:02 pm

I hope they offer me a credit like that to keep my Platinum in August. I figure by then they will be bleeding customers from the Platinum card...
Sapphire Reserve: travel & dining (almost everything until I meet my initial spend)
Blue Cash Preferred: groceries & gas
Freedom: 5% cats
Double Cash: everything else

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