Originally Posted by
bodiddely
AmEx no longer does prorated AF refunds. Must be cancelled or downgraded within 30 days of the statement date on which AF appears.
My understanding is that you still can achieve a partial refund by downgrading:
http://www.doctorofcredit.com/get-am...ngrading-card/
To quote from the above site:
On a practical level what this means is that when you downgrade your $450 Platinum card halfway through the year to the $95 Green card, you’ll still get $225 refunded for the half unused Platinum year, and you’ll get charged $42.50 for the half upcoming Green year. If you subsequently cancel the Green card, you’ll lose the entire $42.50 since cancellations don’t get prorated.