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How To Upgrade or Downgrade the Amex Platinum Card [2024]

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Stephen Au

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The Platinum Card® from American Express is, without a doubt, one of the most popular travel cards in the business. Offering superb luxury travel benefits and impressive rewards, it’s almost impossible to beat this card if you’re looking to get pampered.

But let’s say you gave this card a shot and found that it’s not the right fit — maybe you’re looking to make a change and swap out your card for something else.

In this guide, we’ll compare the benefits of the major types of cards in the same family as the Amex Platinum card and show you how you can downgrade or upgrade your Amex Platinum card to another product.

Amex Platinum Card — Overview

Before we dive into how to downgrade or upgrade your Amex Platinum card, let’s take a quick moment to review the card and the benefits you receive as a cardholder.

Some of our favorite perks include:

Downgrading Your Amex Platinum Card

It’s recommended that your Amex Platinum card is at least 1 year old before you can downgrade your card to the American Express® Gold Card or the American Express® Green Card.

Amex Gold Card

BEST FOR DINING
American Express® Gold CardTerms Apply / Rates & Fees
U.P. Rating 
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

This is the best card for food lovers who dine out at restaurants (worldwide), order take-out and want big rewards at U.S. supermarkets!

Learn More(at Amex's secure site)

Apply With Confidence

Know if you're approved with no credit score impact

If you're approved and accept this Card, your credit score may be impacted.

This is the best card for food lovers who dine out at restaurants (worldwide), order take-out and want big rewards at U.S. supermarkets!
Earn 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months.
60,000 points
$1,320
$250
See Pay Over Time APR
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Good to Excellent (670-850)

The American Express® Gold Card is a game-changer.

With this card, you can earn 4x Membership Rewards points at restaurants and you’ll also earn 4x Membership Rewards points at U.S. supermarkets on up to $25,000 per calendar year in purchases, then 1x.

There isn’t another card on the market that offers a 1-2 punch like this. Of course, there are several other benefits of the Gold Card as well, including extra monthly dining rewards and more.

Pros
  • 4x points per dollar at restaurants, plus takeout and delivery in the U.S.
  • 4x points per dollar at U.S. supermarkets, up to $25,000 per calendar year in purchases; and 1x thereafter
  • 3x points per dollar on flights purchased directly from airlines or at AmexTravel.com
Cons
  • Earn 60,000 Membership Rewards® points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership.
  • Earn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S., and earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
  • Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
  • $120 Uber Cash on Gold: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year.
  • $120 Dining Credit: Satisfy your cravings and earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Enrollment required.
  • Get a $100 experience credit with a minimum two-night stay when you book The Hotel Collection through American Express Travel. Experience credit varies by property.
  • Choose the color that suits your style. Gold or Rose Gold.
  • No Foreign Transaction Fees.
  • Annual Fee is $250.
  • Terms Apply.
Financial Snapshot
  • APR: See Pay Over Time APR
  • Foreign Transaction Fees: None
Rewards Center

American Express Membership Rewards

Amex Green Card

American Express® Green Card
U.P. Rating 
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

This card can provide a great way to accumulate Membership Rewards points on eligible travel, transit, and at restaurants.

All information about American Express® Green Card has been collected independently by Upgraded Points.

Apply With Confidence

Know if you're approved with no credit score impact

If you're approved and accept this Card, your credit score may be impacted.

This card can provide a great way to accumulate Membership Rewards points on eligible travel, transit, and at restaurants.
Earn 40,000 Membership Rewards® Points after you spend $3,000 in eligible purchases on your American Express® Green Card within the first 6 months of Card Membership.
40,000 points
$880
$150
See Pay Over Time APR
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Good to Excellent (670-850)

The American Express® Green Card is an excellent all-around travel rewards card thanks to earning 3x Membership Rewards® points on eligible travel and transit purchases and at restaurants, access to American Express transfer partners, and a reasonable annual fee.

Pros
  • 3x points per $1 spent at restaurants worldwide, on all eligible travel purchases, and transit purchases
  • Up to $189 per calendar year in statement credits after you pay for a CLEAR® Plus membership with the Card.
  • Up to $100 in statement credits annually when you purchase airport lounge access through LoungeBuddy with the Card.
Cons
  • $150 annual fee
  • No elite benefits like airport lounge access or hotel elite status
  • Earn 40,000 Membership Rewards® Points after you spend $3,000 in eligible purchases on your American Express® Green Card within the first 6 months of Card Membership.
  • Earn 3X Membership Rewards® points on travel including airfare, hotels, cruises, tours, car rentals, campgrounds, and vacation rentals.
  • Earn 3X Membership Rewards® Points on transit purchases including trains, taxicabs, rideshare services, ferries, tolls, parking, buses, and subways.
  • Earn 3X Membership Rewards® points on eligible purchases at restaurants worldwide, including takeout and delivery in the US.
  • $189 CLEAR Plus Credit: Receive up to $189 per calendar year in statement credits when you pay for your CLEAR Plus membership (subject to auto-renewal) with the American Express® Green Card.
  • $100 LoungeBuddy: No airport lounge membership? No problem! Purchase lounge access through the LoungeBuddy app using the American Express® Green Card and receive up to $100 in statement credits annually.
  • Payment Flexibility: When it comes to paying your bill, you have options. You can always pay in full. You also have the flexibility to carry a balance with interest or use Plan It® to split up large purchases into monthly payments with a fixed fee, up to your Pay Over Time Limit. You may be able to keep spending beyond your limit – you’ll just need to pay for any new purchases in full when your bill is due.
  • Trip Delay Insurance: If a round-trip is paid for entirely with your Eligible Card and a covered reason delays your trip more than 12 hours, Trip Delay Insurance can help reimburse certain additional expenses purchased on the same Eligible Card, up to $300 per trip, maximum 2 claims per eligible account per 12 consecutive month period. Terms, conditions and limitations apply. Coverage is provided by New Hampshire Insurance Company, an AIG Company.
  • No Foreign Transaction Fees: No matter where you’re traveling, when you use your American Express® Green Card there are no foreign transaction fees.
  • $150 annual fee.
  • Terms Apply.
Financial Snapshot
  • APR: See Pay Over Time APR
  • Foreign Transaction Fees: None
Rewards Center

American Express Membership Rewards

Downgrades can take place in 2 ways:

  1. Call the number on the back of your card and request a downgrade of your Amex Platinum card.
  2. Start a chat conversation after logging into your Amex online account to request a downgrade of your Amex Platinum card.
Hot Tip:

When you process the downgrade of your Amex Platinum card, you may be able to get a prorated refund of the annual fee you paid.

Reasons To Downgrade Your Amex Platinum Card

Woman putting money in her pocket
Image Credit: Sasun Bughdaryan via Unsplash

Below, we’ll focus on reasons why you might consider downgrading your Amex Platinum card to either the Amex Gold card or Amex Green card.

You Don’t Travel Much Anymore

The Amex Platinum card is first and foremost a travel card, which means its benefits will help frequent travelers the most. It comes with a $695 annual fee (rates & fees), but also a bevy of travel perks.

If you’re able to use most of these benefits, particularly the statement credits, then their value easily outweighs the annual fee in spades — but that’s if you can actually use them.

If you’re truly cutting down on travel, the Amex Platinum card probably isn’t going to be a good fit for you moving forward. Instead, you can downgrade your Amex Platinum card to the Amex Gold card or Amex Green card, both of which offer mild travel benefits but strong rewards for popular spending categories.

You Don’t Want To Pay a High Annual Fee

If you’re looking to cut down your spending in general, one of the easier ways to do that is to cancel a high annual fee card — and the Amex Platinum card is definitely one you’ll turn your attention to for this reason.

So if you’re tight on cash and don’t want to pay a large $695 annual fee, there’s a strong case to downgrade your Amex Platinum card, even though you’ll lose all of its travel benefits.

You Want More Rewards on Everyday Spending Categories

A common realization for many with a travel card is that the value of the rewards you earn for spending is more than the benefits you enjoy on the card.

For example, if you travel only once or twice per year, you might get some value from the Amex Platinum card, but not as much value as a road warrior that travels every other week.

Meanwhile, if you spend a lot of money at restaurants or supermarkets, the Amex Gold card is almost a dream come true with its strong points-earning bonus categories.

For example, if you spend $3,000 per month on eating out, you could earn 4x points on those points with the Amex Gold card, which is 144,000 Membership Rewards points per year, worth $3,168 by our valuations. In contrast, if you spend all that money on the Amex Platinum card, you’d only earn 36,000 Membership Rewards points, which are worth $792 based on our estimations.

The Amex Platinum card isn’t an ideal card for everyday spending, whereas the Amex Gold card and Amex Green card offer multiple times better rewards on everyday categories like dining, groceries, travel, transit, and more.

Bottom Line:

If you look at your spending patterns and discover that you’re missing out on thousands of dollars worth of rewards by using the Amex Platinum card instead of the Amex Green card or Amex Gold card, you might want to consider downgrading your card.

Upgrading Your Amex Platinum Card

Upgrading your Amex Platinum card is a lot different from upgrading a lower-tier Amex card, simply because the Amex Platinum card can’t be upgraded to any other card besides the Centurion® Card from American Express. However, you can’t upgrade to the Centurion card unless you’re invited.

The Centurion card is informally known as the Amex Black card and comes loaded with luxury benefits, however, it also charges an eye-popping $5,000 annual fee and $10,000 initiation fee. In the past, you were allowed to request an invite to the Centurion card, but American Express has recently rescinded the ability to do so — now, the only way to get invited to the Centurion card is to be a loyal American Express customer and spend a lot on your Amex cards.

Anecdotally, the minimum spending requirement you’ll likely need to have on your Amex Platinum card to even get considered for an invite to the Centurion card is $250,000 per year.

In practice, the minimum figure is probably closer to $500,000 per year — however, in our experience, it’s actually more important to have a long, perfect payment history and relationship with American Express to be considered for the Centurion card.

We’ve seen people with spending that exceeds far beyond that figure who continue to wait for an invite, while those who spend near the minimum requirement but have a long (20+ year) history with American Express get invited to become a Centurion cardholder.

All information about the Centurion® Card from American Express has been collected independently by Upgraded Points.

Reasons To Upgrade Your Amex Platinum Card

Centurion logo with Venice in the background
Image Credit: American Express

Now that we’ve compiled all of the reasons to downgrade your Amex Platinum card, let’s take a look at all of the reasons why you might consider upgrading your Amex Platinum card to the Centurion card.

Admittedly, if you’ve been invited to upgrade to the Centurion card and are considering doing so, you’re likely in the 1% of the 1%.

You Get Invited to the Centurion Card

If you’ve been invited to upgrade your Amex Platinum card to the Centurion card, you’ve essentially been invited by American Express into one of the most exclusive clubs in the world.

Typically, you will get a package in the mail inviting you to upgrade to the Centurion card. This package may contain a phone number to call, as well as an invite code to provide to the Centurion service agent.

If one of your life goals has been to get entry to this club and you’re willing to pay thousands of dollars in annual fees and initiation fees, then you should absolutely accept an upgrade offer if you’re invited.

You’re Looking for Super High-end Benefits

Maybe you liked the Amex Platinum card’s travel benefits, but you were left wanting for even more luxurious perks from your card.

While it’s difficult to decline an invitation to one of the most hyped-up financial products out there, you should still evaluate whether or not you can get enough value from the card to justify the $10,000 initiation fee and $5,000 annual fee (as well as a $5,000 annual fee for each additional cardholder, up to 2 additional cardholders).

Here’s the shortlist of the Centurion card’s notable perks (terms and conditions apply for all benefits):

  • Access to the Centurion concierge service
  • Access to Centurion New York, a new luxury space located on the 55th floor of One Vanderbilt in the heart of Midtown Manhattan delivering luxury hospitality and dining
  • Complimentary Delta SkyMiles Platinum Medallion status
  • Access to the Centurion Hotel Program (includes a room upgrade at the time of booking when available and an additional property credit of around ~$200 per stay) at properties like Aman, Belmond, Mandarin Oriental, Oetker Collection, Peninsula Hotels, Rosewood, St. Regis, and Waldorf Astoria
  • Complimentary Hilton Honors Diamond, Marriott Bonvoy Gold Elite, and IHG One Rewards Platinum Elite status
  • Access to Centurion International Arrival Services (meet and greet service)
  • Complimentary PS membership (private airport lounge) and an annual complimentary visit 
  • Complimentary Equinox Destination Access membership
  • Up to $250 in Saks Fifth Avenue credits per quarter

There are a ton more benefits associated with this card, but this is just a taste of what you can expect when you hold this card. These perks are all quite valuable if you can use them, and even if you take advantage of just a few, you may be able to justify the annual fee.

For the right person, the Centurion card could actually end up saving money. For example, the Equinox Destination Access membership can cost typically around $290 per month. If you use your Centurion card to get a complimentary Equinox membership, you’d be saving upwards of $3,480 per year from this 1 perk alone.

Amex Membership Rewards Cards

Now, in this next section, we’ll walk you through each of the major products in the same family as the Amex Platinum card. From most premium to least premium, here are the cards in the personal Membership Rewards family:

  • Centurion card (invite-only)
  • Amex Platinum card
  • Amex Gold card
  • Amex Green card

You should be able to downgrade your Amex Platinum card to the Amex Gold card or Amex Green card without issue as long as your card has been open for at least 12 months.

But you can only upgrade your Amex Platinum card to the Centurion card if you get invited.

Benefits Comparison

Below you can compare the benefits of each card side-by-side:

SCROLL FOR MORE
BenefitCenturion CardAmex Platinum CardAmex Gold CardAmex Green Card
Rewards

1x points on all purchases

  • 5x points on airfare purchased directly through the airline and AmexTravel.com (up to $500,000 per calendar year, then 1x)
  • 5x points on prepaid hotel stays booked through AmexTravel.com
  • 4x points at restaurants worldwide, including takeout and delivery in the U.S.
  • 4x points at U.S. supermarkets on the first $25,000 per calendar year
  • 3x points on airfare purchased directly with the airline or AmexTravel.com
  • 3x points at restaurants worldwide, including takeout and delivery in the U.S.
  • 3x points on transit
  • 3x points on travel
Top Travel Benefits
  • Access to Centurion New York
  • Access to the American Express Global Lounge Collection (including reserved spaces at Centurion Lounges)
  • Complimentary PS membership
  • Centurion arrival and departure services 
  • Complimentary airline, hotel, and rental car elite status
  • Access to the Centurion Hotel Collection, Fine Hotels + Resorts, and The Hotel Collection
  • Access to the American Express Global Lounge Collection
  • Access to Fine Hotels + Resorts and The Hotel Collection
  • Complimentary hotel and rental car elite status
  • Premium travel insurance protections
  • Basic travel insurance 
  • Access to The Hotel Collection

Basic travel insurance

Statement Credits (Enrollment May Be Required for Certain Benefits)

Saks Fifth Avenue, SoulCycle, Equinox, CLEAR Plus, and Global Entry or TSA PreCheck

Airline fee credits, prepaid hotel credits, Global Entry or TSA Precheck, CLEAR Plus, digital entertainment, Equinox, Saks Fifth Avenue, Walmart+, and SoulCycle

Dining credits and Uber Cash

CLEAR Plus and LoungeBuddy

Annual Fees$5,000 annual fee and $10,000 initiation fee $695 $250 (rates & fees)$150 (rates & fees)
Authorized Users

Up to 2 additional cards for an annual fee of $5,000 per cardholder

  • $195 per authorized user (rates & fees
  • No-fee basic Gold or Green cards for no additional annual fees (rates & fees)

Up to 5 additional cards for no annual fee, then $35 per additional card after that (rates & fees)

No additional annual fees for authorized users (rates & fees)

Final Thoughts

Downgrading or upgrading your Amex Platinum card is a big decision. You probably opened this card to take advantage of the travel benefits and to earn Amex Membership Rewards points (and maybe even for the card’s prestige).

Your favorite travel companion could potentially be no more — if you upgrade your Amex Platinum card, you’ll join the likes of the ultra-wealthy with the Centurion card.

And if you downgrade your Amex Platinum card to the Amex Gold card or Amex Green card, you’ll still have a fantastic card, though it’ll mostly be a machine to help you earn lots of Amex points.


For the trip cancellation and interruption insurance benefit of the Amex Platinum card, eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

For the trip delay insurance benefit of the Amex Platinum card, eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

The information regarding the American Express® Green Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Centurion® Card from American Express was independently collected by Upgraded Points and was not provided nor reviewed by the issuer. 

For rates and fees of The Platinum Card® from American Express, click here.
For rates and fees of the American Express® Gold Card, click here.

Frequently Asked Questions

Is it possible to downgrade Amex Platinum card?

Yes, it’s possible to downgrade your Amex Platinum card. It’s recommended that you’ve kept the card open for at least 12 months. You can downgrade it to the Amex Gold card or Amex Green card, but there is currently no way to downgrade to a card with no annual fee.

Does downgrading Amex affect credit score?

Downgrading an Amex card should not affect your credit score positively or negatively since there will be no changes recorded on your credit report.

How do I downgrade my Amex card online?

You can downgrade your Amex card online by starting an online chat conversation with an Amex representative after logging into your Amex account. Explain that you’d like to downgrade your card, and follow the prompts required.

Can you downgrade Amex Platinum card to no fee?

Currently, you cannot downgrade the Amex Platinum card to a card without an annual fee. The cheapest option available would be the Amex Green card, which has a $150 annual fee. However, if you want to avoid the $695 fee altogether, you’ll need to close your Amex Platinum card.

Can you get the Amex Platinum card annual fee waived?

In some cases, you can call Amex to get the annual fee waived, usually as a one-time retention offer.

Stephen Au's image

About Stephen Au

Stephen is an established voice in the credit card space, with over 70 to his name. His work has been in publications like The Washington Post, and his Au Points and Awards Consulting Services is used by hundreds of clients.

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