Originally Posted by
Cerenity
could be quite lucrative with multiple products, for example with BMO
No Fee -> Air Miles -> AM Gold -> World Elite -> No Fee
since when i asked them, they said as long as you are upgrading, you usually qualify for bonus offers.
Except the BMO World Elite offer ($300 points, FYF) usually would have T&C saying previous cardholder does NOT qualify for the $300 welcome points, one may get FYF for 2nd time though
so you can only downgrade & upgrade ONCE really vs. say AMEX/TD/CIBC (cancel & apply) or RBC (downgrade & upgrade)