Tubpbs wrote:TXviking wrote:Well, Discover sent me an email saying they had PCed me to the Discover IT. That email turned out to have been sent by mistake, but it got me thinking about this again.
In the meantime, my Costco card got converted over to Citi, who now offers 4% on gas purchases, both at Costco and elsewhere. That eclipses my current card, so I guess there's no real reason not to go for It and its 5% categories.
A PC has no impact on credit scores, right?
PC, if done properly, should not affect anything. The only one that should be able to tell is you and the issuer really (rare exception would be if somehow the product switches from Visa to MC so you need a new account but it still shouldn't affect anything in any way).
It sounds like my suggestion on the other thread for the It Chroke is sort of moot since you have 4% on gas and I assume you can get good returns on restaurants elsewhere or rely on getting it during a 5% category term.
Yeah, a proper PC will have no impact on your score. Only the rewards program should change. The account history, CL, and possibly even number should stay the same. I'd redeem any rewards under the old program ASAP, just to be safe.
Where a lot of people run into trouble is when they call lower-level customer service at Amex and get a CSR who doesn't know the PC rules (which are always complex and often ambiguous). They make some PC request that doesn't pass muster (or the CSR misdirects it) and the underwriting department gives them a new account.
I would use a Secure Message to get more information and make the request. Then you have a very clear record of what you said in case they make a mistake.