$495 annual fee for the Prestige card posted a few weeks ago. After 2 calls I was offered a choice between a $50 statement credit or 10K TY points- each of those is contingent upon $3K spend/month for 3 months. I took the 10K but now am wondering if it is worth it to keep the card. Am I right in thinking that I can downgrade the card within 30 days of the date the annual fee posted? I understand that I would then need to use the TY points associated with the Prestige account in a certain amount of time- 60 days? Last month I purchased some major appliances with this card because of the extended warranty. Will the 2 year extended warranty on items purchased with the Prestige card still be in effect if I downgrade the card? I carefully read the terms and conditions of the extended warranty and did not notice a clause stating the card needs to be open and active to continue the warranty. Does anyone have firsthand experience with this?