Thinking of cancelling or downgrading my Amex platinum since I no longer travel as much. Will wait til 1 year to avoid points claw back but anyone have any experience doing this? Retention offers?

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i believe they will give you a retention offer if you are above $25k annual spend. this is anecdotal from someone else i once worked with.

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Make sure you let the 2nd annual fee hit and then cancel or downgrade. They will refund you and not claw back points that way.

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The first annual fee hits when you get the card. The second one after a year correct? Im in the same boat, I’m thinking of downgrading to Gold. My annual fee hit sometime in June. they will prorate the fees accordingly right?

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Yes, and I've read online anything from 0-50k points ($0-$500) retention offers which seem to depend on spend, card history, overall length of time with Amex etc. but no clear blueprint. If you call please let me know what happens!

If you downgrade to the gold you’ll still keep your points and earn more as you spend. Much better than cancelling and you can still accumulate points for personal travel

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