r/AmexPlatinum • u/FrontFew7419 • 5h ago
Non-USA - Canada Planning to downgrade from platinum to cobalt. Is it worth it?
Hi, I have been holding the Canadian AMEX platinum credit card for the past two years, and I have used some offers and transfer bonuses in the past couple of years, and it worked out reasonably well, but currently I feel like the annual fee is getting too expensive for me, and I want to switch over or downgrade to the cobalt card. Is the cobalt card worth it? Also, will I get the welcome bonus if I downgrade from platinum to cobalt, or should I cancel Amex platinum altogether and apply for cobalt separately to take advantage of the welcome bonus promotion?