Originally Posted by
hhoope01
My understanding it can not be downgraded. Probably you will have to cancel (not sure if you will get any of your annual fee back though) and then apply for the $95 card.
Where are you getting that from? Why would it be any different from other Amex cards in regards to downgrading?
Very curious since I am considering an upgrade from my regular SPG card, but would want to downgrade in future as $450 aka $150 is still pretty steep. (That and a well timed downgrade can gain a lot of benefits if there is a prorated annual fee return).
Since the card was released in August, I don’t see that there would be any decent data points until after next August because of the 1 year AMEX clawback/ban threat. If I were AMEX, I would absolutely say no to downgrades with refunds in the first year, but after that could there be a different policy? From what I understand, to stay on AMEX’s good side, you have to keep a product for 1 year, and it makes sense to keep on their good side.