Originally Posted by
hhoope01
Read it on the following blog site:
https://www.uscreditcardguide.com/am...ngrade_Options Don't know if it is completely true or not (hence why I hedged and said "my understanding" and "probably..."). But I don't remember seeing anyone who has posted or said they were able to downgrade their SPG Luxury card either.
That website only says there is not a ‘no annual fee’ downgrade option. It does not say anything about a downgrade to the regular SPG card. So I would still presume that downgrade to the regular SPG card is allowable - and just like other AMEX downgrades, it’s a bad idea to do it within the first year.
No one should be downgrading from the Luxury before August 2019, unless they are willing to risk the Amex clawback/ban hammer. And because of that, there might not be too many data points until next fall.
From the T&C’s on the Amex website:
If we in our sole discretion determine that you have engaged in abuse, misuse, or gaming in connection with the welcome offer in any way or that you intend to do so (for example, if you applied for one or more cards to obtain a welcome offer(s) that we did not intend for you; if you cancel or downgrade your account within 12 months after acquiring it; or if you cancel or return purchases you made to meet the Threshold Amount), we may not credit points to your account. We may also cancel this Card account and other Card accounts you may have with us.