Is it correct that the annual fee is fully refunded if the card is cancelled within two months of renewal? If yes, then the Canadian Amex Platinum fee can be reduced to $99. Here is how:
1. Get the card in December 2013, pay $699 fee, get $200 travel credit.
2. Get another $200 travel credit in 2014.
3. Get the third $200 travel credit in January 2015 and cancel the card within two month of renewal.
Correct?