Want to see if I understand this correctly:
My CSR annual fee posts November 4th. I pay for the $450 fee. Next statement hits on December 4th and the $300 travel credit resets. I use that credit within a few days. About mid December I have two options:
1. I can product change to a Chase Freedom Unlimited. Since this is a product change and I'm within 60 days of the annual fee posting, I receive a full refund of that $450 fee. If I downgrade after that 60 days (approx Jan 1) I would receive a pro-rated refund.
2. I can close down the CSR without doing a product change. Since I'm over that 30 day window I receive no refund at all.
Is that correct?