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Downgrade Amex charge card account
concernedSaver
Posts: 91 Forumite
in Credit cards
As many other moneysavers, I did open an Amex gold charge card to take advantage of the sweet sign up bonus. I ended up liking the charge card product, in fact preferring it over a credit card, and I'll like to keep it alongside a Mastercard for the occasional shop that doesn't take Amex.
The card isn't worth £140 a year for me, though, but the standard green card at £60 might do, so I'm willing to downgrade it. A quick call to customer support revealed that they're willing to do a downgrade and refund the gold fee pro-rata, but it will yield an additional credit check – even if it's exactly the same product, just a different account tier.
Does anyone have an experience of downgrading an Amex charge card?
The card isn't worth £140 a year for me, though, but the standard green card at £60 might do, so I'm willing to downgrade it. A quick call to customer support revealed that they're willing to do a downgrade and refund the gold fee pro-rata, but it will yield an additional credit check – even if it's exactly the same product, just a different account tier.
Does anyone have an experience of downgrading an Amex charge card?
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Comments
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Yes ive done it between the platinum and gold depening on the points scheme, never been credit rechecked though as they seem to do it internally.0
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Why not just go to the basic free chargecard that they don't actively advertise?This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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I know you say you prefer it to a credit card, but another option is to look at the Gold Credit Card, currently only available via Money Supermarket: http://www.moneysupermarket.com/credit-cards/american-express/
Open one of those, then close your Gold Charge account. Membership rewards, no annual fee.0
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