Originally Posted by
josephstern
You will have to pay the full annual fee of $550. Yes, it'll be pro-rated when you upgrade, but you have to keep the card for the full year, so part of your next cardmember year will be with a Reserve card, until you downgrade back to a lower annual fee card. But if you don't keep this for a year, they'll pull the points back, according to the terms.
Yes, am aware of this as I've taken advantage of a similar offer in the past. I'm not planning to take the upgrade offer this time for the reasons mentioned in my post, was primarily commenting on my amusement at how tempted I am. Old habits are hard to break.
Last edited by pbjag; Jan 2, 2024 at 10:56 am