Can I change my Amex Platinum to gold?

Yes, you can downgrade your Amex Platinum card to the Amex Gold card. But just like with upgrades, you'll want to make sure that you've had the card open for at least 1 year or more. This is a great way to save yourself some money if you no longer find the benefits of the Amex Platinum card to be worth the fee.

Can you upgrade your Amex card to Gold?

If a cardholder has a basic card such as the American Express® Green Card*, for example, they can upgrade to a American Express® Gold Card (Terms apply) or The Platinum Card® from American Express (Terms apply) to earn more points when spending in specific categories and ultimately take advantage of better benefits.

Is it worth upgrading to Amex Platinum from Gold?

Amex Platinum ultimately offers more value, though. For example, its benefits include airport lounge access, while the Amex Gold Card's perks do not. When it comes to ongoing rewards on purchases, Amex Platinum has a higher maximum earning rate and better travel rewards. But Amex Gold provides more everyday value.

Can I change my Amex card type?

If you want to upgrade or downgrade your Amex card, the next step to take is to call the issuer. Use the customer service number on the back of your credit card, and a representative will help. American Express also has a helpful online chat feature you can use to see about upgrading or downgrading your card.

Is the Amex Platinum better than Gold?

The Platinum card is great for people who love to travel. There are obviously many more perks that come with the Platinum card than with the Gold, especially when you consider the higher annual fee. Rewards can be used for merchandise, gift cards, dining, shopping, entertainment, or for use at the Amex travel website.

American Express Downgrade Options and Rules

Is Amex Platinum for millionaires?

The Platinum Card® from American Express is another exclusive credit card that millionaires tend to prefer. Also, this card isn't invitation-only.

Is Amex Platinum impressive?

The Amex Platinum is one of the most prestigious travel credit cards you can own. Trying for an American Express credit card lets you establish a relationship with Amex. Plus, it can make it easier to add the Amex Platinum Card to your wallet in the near future.

What is the hardest Amex card to get?

The hardest Amex card to get is the Centurion® Card from American Express. Also known as the “Black Card,” this Amex card is hard to get because it is available by invitation only, and potential candidates are rumored to need an annual income of at least $1 million.

Which Amex card is most exclusive?

Is Platinum Amex worth it?

The Amex Platinum Card is only worth the annual fee if you'll use enough benefits to recoup the fee. You could easily offset the fee with the statement credits alone, but this card also offers the chance to earn boosted rewards on travel purchases, too.

What happens if I downgrade Amex Platinum to Gold?

You'll receive a pro-rated refund on your American Express Platinum card annual fee, based on the number of months in the year you've had the card. You will then be charged a pro-rated annual fee on the downgraded card. You won't be eligible for an initial bonus for either the Amex Gold card or Amex Green card.

Is Amex Gold hard to get?

Yes, it is hard to get the American Express® Gold Card because it requires at least good credit for approval. Unless your credit score is 700 or higher and you have a lot of income, it will be very hard for you to get approved for the Amex Gold card.

How hard is it to get Amex Gold?

Getting the Amex Gold Card isn't the easiest card to qualify for as you need good or excellent credit. That means having a minimum 670 FICO score and existing cards in good standing. Being an existing American Express cardholder can also make it easier to qualify.

What salary do you need for Amex Gold?

If you make near $100,000 a year and have good credit, you should have no issue getting approved. But, applicants with annual incomes as low as $40,000 have also been approved if they have a low debt-to-income ratio and pay their other credit cards in full every month.

Is Amex Gold Really Worth It?

The American Express® Gold Card can be well worth it even though it doesn't offer as many travel benefits as The Platinum Card® from American Express. In fact, some would argue that the long-term rewards rate is significantly more generous on the Amex Gold Card, or that the lower annual fee makes it a better deal.

Is Amex Gold a luxury card?

If you consider yourself a foodie, the American Express® Gold Card could be the ideal luxury card for you. This card earns a competitive 4X points per dollar spent at restaurants and 4X points at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X).

What card do billionaires use?

The credit card billionaires are most likely to use is the Centurion® Card from American Express, also known as the Amex Black Card, which has unique benefits and is reserved for high-net-worth individuals. Some of the rich and famous people rumored to have the card include Jerry Seinfeld and Halle Berry.

What's the limit on Amex Platinum?

If you have a Consumer or Business Green, Gold or Platinum Card, your Card does not have a credit limit.

What cards are better than Amex Platinum?

How many Amex cards is too many?

Currently, you can have up to five American Express consumer credit cards at one time. It is important to note that American Express offers multiple types of cards — business cards and consumer cards — and that the rule only applies to consumer cards where you are the primary cardholder.

Is there a better card than Amex Gold?

For those who can take advantage of its rich credits, the American Express® Gold Card, which carries an annual fee of $250, generally comes out ahead (see rates and fees). But if you can't use those side perks, it's usually a good idea to go with the Chase Sapphire Preferred® Card, which has an annual fee of $95.

Are Amex cards bad for credit?

If you check your credit report for an Amex charge card, you'll see that there is no utilization calculated: In many ways, this means that charge cards share one of the best benefits of business credit cards, namely that purchases you make don't directly affect your personal credit report.

Why is Amex Platinum so popular?

The Amex Platinum is a premium credit card that offers a welcome bonus, luxury perks, and other value-added services. Cardholders benefit from Uber credits, airfare discounts, bonus points, cashback and much more. Unlike typical credit cards, this card allows you to carry a balance for certain charges, but not all.

Is there a minimum salary for Amex Platinum?

The American Express Platinum Card does not have a minimum income requirement to be eligible. You'll earn the best available signup bonus if you apply using a referral link.

Is Amex Platinum really metal?

The card itself is a shiny but matte metal material—and is made from stainless steel, which should be way hardier than the previous plastic card.