American Express announced earlier this year that the Amex Mercedes-Benz Platinum and the Amex Mercedes-Benz credit card were going to be discontinued on January 11, 2019. Amex Mercedes-Benz cardholders recently got notified of changes to their account.
Forced Product Changes to the Mercedes-Benz Cards
Mercedes-Benz Platinum => Amex Platinum (Vanilla)
Mercedes-Benz Credit Card => Amex EveryDay Preferred
Effective January 11, 2019, the Amex Mercedes-Benz Platinum card will be converted into a regular Amex Platinum card.
The Amex Mercedes-Benz credit card will be converted to an Amex EveryDay Preferred card.
As a reminder, you typically can’t product change a co-branded card to a core American Express product. These changes are only possible when a co-branded product is discontinued a forced product change takes place.
Once the forced product change happens for the Amex Mercedes-Benz Platinum card happens, you will no longer be eligible for a regular Amex Platinum bonus since you will have the card already.
Per the Amex terms of service, welcome offers are not available to applicants who have or have had the respective product.
There are two routes you can take:
Sign up for the regular Amex Platinum card before January 11, 2019 to get the welcome offer after fulfilling the minimum spend requirement.
Depending on how long you’ve had the Amex Mercedes-Benz Platinum card, cancel the card before January 11, 2019.
If your Amex Mercedes-Benz card is over 12 months old, you’re in the clear to cancel. However, if it’s less than 12 months old, canceling can be seen as “gaming the system.”
The same strategies apply to those who have the Amex Mercedes-Benz credit card that will be product changed to the Amex EveryDay Preferred card.
If you’re in the position to cancel Amex Mercedes-Benz Platinum, I recommend waiting until January 2019 and waiting for benefit credits to post. After you use the credits, feel free to cancel before January 11, 2019.
$100 airline fee credit
$50 Saks Fifth Avenue credit
= $165 in credits
If you look at the current credit card landscape, it’s possible that Mercedes-Benz ended their contract with American Express, and another credit issuer could take its place. We’ll have to wait and see if there’s a new Mercedes-Benz card that’s introduced in 2019.
Editorial Note: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities.
UGC disclosure: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.