Originally Posted by
icelandman2
If you are Gold or 75K, you could cancel without a fee after the 24 hour window. You wouldn't get the cash back, but will have the option to deposit the ticket value into your AS wallet to use towards future travel.
First of all, alexandcompany, WELCOME to Flyertalk!!
Many of us are just MVP or have no status . The question for us is cancelling within the 24 hour window and retaining our Airline Credit. I think I understand it would work as follows:
purchase fares under $100 on AS and at hour 23 or so cancel reservation. It has been reported that AMEX will post initial charge, then airline credit for charge , then credit for cancelled flight. It would leave a credit balance on AMEX card, which could be used however user dictates.
This hopefully clears up some of the questions many are asking.
Personally, I plan on using the credit to purchase AS Gift certificate for future travel.