Originally Posted by
Diplomatico
... terminating the card after agreeing to keep it for another year may result in pop-up hell. ...
Good point -- AmEx may be unaware that the OP is de-facto rejecting the agreement. One option would be to call Membership Consulting and let them know (e.g. "I've decided to keep the card for now, but want to reject the "Offer"). AmEx would then remove it from the account, or might even offer something else.