- Centurion Member
- Posts: 3930
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
I have never had an Amex Platinum, but others here have reported that it is easy to make any charge card a Platinum, but requests to downgrade a Platinum into another charge card have been flatly denied by Amex. The $450 AF can only stop by closing the card.
Any new card open to replace it, though, would get the limited blessing of backdating.
I asked a Discover CSR on a recent call about the ease of potentially making an It into a Chrome, and she said it was very easy. I suppose it would probably take a cycle or two for the reward program to change, but I think they are open to it.
Yes, they do see right through it. The EDP doesn't waive the first-year fee, though, at least not unless it is part of a personalized offer. A lot of AF cards don't waive the first-year's fee.
Edit: I expect they are counting on the fact that some people will forget to downgrade, and others will stop paying the AF but will keep giving a lot of swipe fees. Plus, it's a lot easier for an issuer to stay in a good customer's wallet than to enter it. Once some people have a high-AF card, they will find rationalizations for keeping it and paying the AF in future years.
For example, I can't make up my mind about what to do with my PRG. I would not have gotten it if there was an AF the first year, or at least if there was no big bonus to join. Now that it is in my wallet, I have spent way too much time trying it know what to do with it - far more than the time is worth to me, really.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco
Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May