Originally Posted by
centrifuge41
And if it's a Citi card and you want a downgrade, I'd get the ball rolling at about the 9 or 10 month mark. That's because the downgrade takes 45 days, and I'd rather not hassle with having the annual fee get posted, then need to get rolled back.
Not always true. Waiting until last minute and annual fee due gives more reason for them to try and keep you as customer (waive fee or give points etc). More incentive as they have no time left as fee due now and you will have to cancel card now if they don't counteroffer.