I recently closed my Amex Delta gold card because of the annual fee. Then I realized that I should have downgraded to the free blue version. I called to see if they can reinstate the account, and the rep says that reinstatement is like a new app with a hard credit pull, and will be reported on my credit report as a new account. I'm not sure if I should believe that, and for this price I may as well do a new app with a signup bonus... Anyone have any info / experience with reinstatements from Amex?