Is it worth it to get the Amex platinum for a year for the large bonus offer if the intention is to possibly cancel it at the end of the year rather than downgrade?

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Retention offer is possible
Can downgrade to Amex Gold or Green. If downgrading I would recommend to the Green because the Gold has a good sign up bonus also too and you wouldn’t be able to get it if you downgrade
Chase Sapphire preferred great sign up bonus right now also with a much lower Annual Fee if not wanting to downgrade later on

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Yes... and you may get the retention offer at EOY as well

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FYI if you have a corporate amex you can also get that Corp advantage discount on the annual fee!

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Thank you both!!

I think you can cancel it after you get the bonus and you will be refunded the pro-rated annual fee

You won’t be keeping the points if you do this, Amex isn’t going to give you a free $1k in travel points for no reason. They’re strict if you try to cheat their system

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Yes

Yes!!! There are a ton of benefits so the card pays for itself

Each year: $200 back on your bill for booking one of their fine hotels, $100 credit to Saks fifth Ave, I think $15/month for uber or Uber eats, free Global entry or TSA precheck, tons of lounge access, an airline credit, etc etc

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