Originally Posted by
tomsam
I'm in the same situation. I am sure they'll know you took advantage of a retention offer but there is no obligation on your part to keep the card for another year because of the offer.
I plan to ask to downgrade to a fee free card rather than outright cancel.
A couple years ago I met a spending requirement for a statement credit, received the statement credit, then closed the account (Citi AA). I admit its a little immoral, although so are many the actions that banks take. I'm not sure what would happen if you decide to downgrade instead of close. The CSR definitely saw the previous offer completion when I finally closed the account.