How can one "churn" between Amex? Eg. Convert a Velocity Amex to a Platinum Edge Amex without taking a credit application hit?
I'm thinking I could sign up to this as a new application (and take the credit file hit) to hopefully get the bonus points + $400 credit, which I'd use (making the $395 fee acceptable), and then convert either the Explorer card or my Velocity Amex to a Platinum Reserve to be my free companion card to my Platinum charge, to get the free Flight on that card?
Anyone kindly share their thoughts if they think its possible? That would make it a worthwhile Credit file hit if it came off!
I'm thinking I could sign up to this as a new application (and take the credit file hit) to hopefully get the bonus points + $400 credit, which I'd use (making the $395 fee acceptable), and then convert either the Explorer card or my Velocity Amex to a Platinum Reserve to be my free companion card to my Platinum charge, to get the free Flight on that card?
Anyone kindly share their thoughts if they think its possible? That would make it a worthwhile Credit file hit if it came off!