Hi everyone,
Quick question: I earned and used the AmEx Gold card bonus (50,000 points!!), and I would like to avoid the $195 fee that I am set to incur in Feb. 2017. I talked with a rep today, and as my card is a charge card, I cannot 'downgrade' to a new fee credit card to avoid the fee as I had hoped.
I could just cancel the card, but I wonder if that would affect my chances of acceptance were I to apply for an AmEx card in the future. (And how might it impact my credit score?)
Would I be better off signing up for a simple no fee AmEx (Blue Cash EveryDay), so as to remain a member with AmEx, and then cancelling my current card?
Or, am I over thinking this entirely?
Thanks!