Amex Platinum - Downgrade or Cancel? - myFICO® Forums

Aug 4, 2024 · I'm considering my options on what to do with my Amex Platinum card as it is my one year anniversary. I enjoyed the benefits of the card this first year, but I think going forward, …

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Your Downgrade Options For Amex Cards [2023 ... - Help Me Build …

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Jun 8, 2023 · Downgrade rules for Amex cardsDowngrade option for Amex cardsThe Amex No Preset Limit* Card Family: Platinum, Gold, GreenAmex Everyday Preferred ($95)Blue Cash …

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AMEX Platinum Charge: Keep Or Cancel? - The MileLion

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5 days ago · A fourth option, and the one I’m currently leaning towards, is to downgrade to the AMEX Platinum Credit Card. This costs just S$327, or 20% of the AMEX Platinum Charge. An …

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Downgrade Vs Cancel Pros And Cons? : R/AmexPlatinum - Reddit

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Does downgrading risk losing your credit line on any of the Amex credit cards? I had a $35k line on one Amex and switched it to a business card, thus lost the $35k from my personal revolving …

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Anyone Else Thinking Of Downgrading From Amex Platinum To Gold?

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It seems they need to choose a lane. Most average people probably aren’t going to keep a $1000 credit card, even if it has great benefits. ... I'm a first year AMEX Platinum card holder. I agree …

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FAQs about Amex Platinum - Downgrade or Cancel? - myFICO® Forums Coupon?

What happens if you downgrade American Express Platinum?

Factors To Consider. Specifically with American Express, it’s really important to remember their “once in a lifetime rule”. Thus, if you have the Platinum version of a card now and downgrade to the Gold, you become ineligible for the welcome offer on that card later on. ...

Should I cancel or downgrade my AMEX Platinum Card?

If you’ve decided to cancel your Amex Platinum card, you might want to opt to downgrade the card instead, as canceling a credit card can have negative implications for your credit score. In contrast, if you decide to downgrade, there shouldn’t be any change to your credit score. ...

Does Amex have a downgrade option?

Be aware of the Delta family rule for the personal cards when looking at your Amex downgrade options. The business cards do not have family rules at the time of writing. The Hilton Business card does not have a downgrade option as it is the only business option. ...

Can I downgrade my American Express credit card?

While the answer is for every credit card issuer, it isn't always available to cardholders. That is what is nice about the American Express system since they let you downgrade cards. There are rules involved though, more so with Amex than some others, but we'll get to that in a bit. A credit card downgrade is essentially the inverse of an upgrade. ...

Can Amex claw back points if I close/downgrade a card?

Amex can claw back your points if you close/downgrade a card within 1 year of receiving a bonus via welcome offer, retention offer, upgrade offer, etc. If you want to downgrade a card, most banks require that this card be within the same family. ...

Does AMEX Platinum affect my credit score?

If you're approved and accept this Card, your credit score may be impacted. The Amex Platinum reigns supreme for luxury travel, offering the best airport lounge access plus generous statement credits, and complimentary elite status. Keeping or canceling a credit card is a largely personal decision. ...