I recently opened a credit card with a high annual fee. There were reasons for opening this, but let's not deal with that. I don't want to pay this next year. This year the fee was free. I have excellent credit and don't want it to affect my credit. I know, if I didn't want it to affect my credit I probably shouldn't have opened it. Will Amex allow me to change the type of credit card it is (to a fee-free account)? If so, does this count as closing the account? I would just close the account, but think it may affect my credit worse than if amex allows me to change the type of account it is.