Hey guys, so last year I got the EDP card with the 20k bonus if I paid the AF back in April. Well, my AF just hit on August 13. How do I still keep the bonus but downgrade? I don't want amex to claw back! Should I wait until Sept or just do it now and not have to pay it? Thanks!
@Loquat wrote: Just to clarify, you paid the annual fee in April and it's back again in August? What the 20k and upgrade bonus or was it a new card sub?
Yes and the AF posted in August which it was suppose to be this April but maybe covid was strong so they deleted but anyway it was a upgrade offer bonus.
You need to keep the card 12 months for no clawback. When you upgraded you were hit with a prorated fee, and then at your account anniversary year you were hit with the new $95 annual fee. Once the EDP card has been open for 12 months, you can downgrade back to the no fee ED, get a prorated refund, then either hold onto the no fee ED or cancel.
You want to make sure that you downgrade *after* 12 months, but not much after as your annual fee refund is prorated on a per day basis.
