Downgrade to green?
After 20+ years with the Amex Platinum, I have decided it’s no longer from me. I don’t really want to get into a debate over why.
The issue I’m having now is deciding on which course to take:
Option 1: transfer out remaining membership rewards points to BA with a 30% bonus, close the card but lose 20+ years of credit history on my credit report. I have an 800+ FICO so I’m not sure how much it will really impact me.
Option 2: downgrade to a green card and pay $150 a year until the end of time for nothing other than keeping the credit history since I am not planning on using it. I’m being told by Amex that the green card is the cheapest card I can downgrade to. I would prefer a free card, but it is not given to me as an option. Apparently only the green card or gold card are available for a downgrade.
Has anybody gone through this and can share what they decided and why? I’m having a hard time making a decision.