Originally Posted by
thebat
I was told that you must cancel before the annual fee is charged, not the date of the statement. Could be very different dates we are talking about.
In the past you could get away with that but now Amex puts in the terms that they can claw back the bonus if you cancel within a year
Amex charges their annual fee at the 1yr mark so its best to wait for the fee to post (which means its been 1yr) then downgrade/cancel to get the fee refunded