Originally Posted by
olouie
Reward tickets are basically fully refundable even after 24 hours except the 12.50 partner booking fee.
This is true. Also keep in mind that you can change an award even to a different partner. You pay or receive a refund of any miles, fees & taxes but retain the booking fee.
I changed an LA 45K J award SEA-SCL to an AA 57.5K J MAD to PHX award. I paid the additional 12.5K miles and the difference in fees & taxes. In reality, the 45K was immediately credited against the LA redemption and the 57.5K was taken for the AA redemption resulting in a net 12.5K fewer miles in my account. It looks like a cancel and rebook but the change doesn't invoke another partner fee. It was re-ticketed under the same PNR. All done online.
James