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I applied for it last year and my AF will show up in June. Cancelling it because of the fee increase and loss of benefits so I don't want it anymore. My next AA flight is in May which has already been paid for using the card. Will I still get the early boarding and free checked bag? Is there any reason to keep the card until June? I paid the initial $95 to get the card but for the next 3 months it's SD so.
No you won't get the free bag and early boarding if you cancel before your flight. The benefits other than that are minor. Just a bit of extra age to your accounts and you already paid the fee so you might as well keep it. Worst thing I can see if Barclays gets upset with you for opening a card and closing it in under a year.
To be safe, I would suggest just holding out until June, not much to lose this way.
That being said, I canceled my Aviator Red account in early October (my anniversary date was 11/30). I booked a December first class flight 3 weeks later on American that ended up canceled and I had to rebook an alternate flight in economy. I got free checked baggage, but did not have priority boarding. I still got the 10% mileage "Aviator Redemption Bonus" on points from American though.
I booked another flight at the end of January to Europe so can't say whether I have priority boarding or not and automatically get a free checked bag for transatlantic flights. I also got the 10% mileage Aviator Redemtion Bonus for this flight as well, that was booked almost 4 months after canceling my Aviator account. I'm guessing American still sees me as a card holder.
I had the Citi AA Platinum Select from Jan 2016-Jan 2017 and got the Aviator Red in August 2018.
I don't recall whether I got "early" boarding (kind of a joke JFK-LAX where most others are elite and board before me), but I did get a few free checked bags in the 3-4 months after PCing to Costco (Jan 2017 to ~May 2017). Maybe it was only with Citi card, and maybe their system now makes the updates faster.
You can also call Barclays for a retention offer or general spend offer. A 0% promo of a few extra miles may change your mind about the card.
Alright I'll keep the card until I see the AF post which my flights are weeks before it's supposed to appear anyway.