just wanted to follow up and confirm that I believe my strategy of converting the $200 credit into everyday credit has worked, but in order for it to work you have to be a CO Plat or other type of elite that redeposits reward booking taxes/fees fee-free. So I booked a reward ticket during last month's billing cycle with fees totaling $50. This month, after the billing cycle ended and the statement posted, I cancelled the reward ticket. As a CO Plat CO returns the fees for free. I just got the statement credit, essentially converting $50 in credit for continental airlines fees (charged $50 and credited $50 last month) into a $50 credit (credited $50 this month) I can use for whatever I want. ^