Am I correct in my understanding of the following?
I am AA Plat.
Booking a simple domestic ticket in Y.

Main Cabin (regular econ ticket): Earns at a higher rate, can be cancelled for a travel credit in most cases
Basic Econ: Earns at a lower rate, more limited cancellation/changes (but can still do same day standby if needed) - everything else is the same

All other benefits (seat selection/MCE, baggage, etc.) are the same

Is this correct?