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@FinStar wrote:
IIRC, downgrading or PC'ing doesn't reset the clock as long as you keep the account open.
Eh, hate to disagree with you but according to the Wiki on FlyerTalk;
2. Does a product change or card conversion count as a card open/close that resets the 24-month clock?
Yes. Downgrading to a different card (aka a "product change" or PC) counts as closing the AA card. This includes downgrades from AA Platinum to Gold as well as downgrades to non-AA cards. A similar rule has also been true for involuntary, Citi-initiated conversions of legacy, no-longer-issued AA Visa & Amex cards to MasterCards; these events are both a closure (of the old card) and an opening (of the replacement MC).