Change amex cards?

seatbeltnoob

Hello
I realised I took out the wrong amex card. I got the amex platinum cashback card when I should have taken the amex platinum everyday cashback card.

The latter has no annual fee, but slightly less cashback but more suited for lower spenders. The former has better cashback - if you spend more. I spend about £500 on amex a month which would get me £6000 at the end of the year. So the £25 annual fee will make it not worthwhile for a low spender like me.

Are Amex OK with changing cards midway through?

[Deleted User]

Sounds like a good deal if you're still going to get £5975 cashback at the end of the year?

kaMelo

seatbeltnoob said:

Hello
I realised I took out the wrong amex card. I got the amex platinum cashback card when I should have taken the amex platinum everyday cashback card.

The latter has no annual fee, but slightly less cashback but more suited for lower spenders. The former has better cashback - if you spend more. I spend about £500 on amex a month which would get me £6000 at the end of the year. So the £25 annual fee will make it not worthwhile for a low spender like me.

Are Amex OK with changing cards midway through?

The problem won't be changing the card, I'm sure they will.
Your problem will be the £25 annual fee is added at the start to your first statement so you may as well use it for the year and change before the anniversary.

floppydisk1

change it just after the anniversary as chashback is added to your account on the anniversary, if you change before you most likely lose  it + as you already had one Amex card you won't get another 5%  cashback for first 3 moths again on the fee free everyday platinum card. Next year fee might be charged but after you swap cards, Amex will refund every unused month so will cost you £ 2.50 and will give tim full year accelerated cashback for this year...

OldDIYer

Looks like a switch might be needed from August 2021 when rates change.  Have to get the calculator out again.

ratechaser

Assuming you're eligible for the introductory bonus, that could get you £125 in the first 3 months, as opposed to £100 for the everyday card. So, for the first year at least, you're better off sticking with the card you now have.

And I do hope you got the benefit of another £35 cashback from getting someone to refer you!