{"id":6453,"date":"2023-04-05T04:00:00","date_gmt":"2023-04-05T10:00:00","guid":{"rendered":"https:\/\/milesearnandburn.com\/?p=6453"},"modified":"2023-04-04T23:29:03","modified_gmt":"2023-04-05T05:29:03","slug":"the-american-express-downgrade-trick","status":"publish","type":"post","link":"https:\/\/milesearnandburn.com\/index.php\/2023\/04\/05\/the-american-express-downgrade-trick\/","title":{"rendered":"The American Express Downgrade Trick"},"content":{"rendered":"\n<p><a href=\"https:\/\/milenomics.com\/\" class=\"ek-link\">Milenomics<\/a> host <a href=\"https:\/\/milenomics.com\/author\/robertdwyer\/\" class=\"ek-link\">Robert Dwyer<\/a> often mentions that in his Massachusetts, his home state, credit card issuers are obligated by law to prorate annual fees when a card is closed. For the rest of the country though, what happens if we miss the window for an annual fee refund? Well, if you just close the card outright then you\u2019ll lose the annual fee so that sucks. <\/p>\n\n\n\n<p>If however the card is part of a family with a downgrade path like the Personal Platinum or Personal Gold AmEx card, you\u2019ve got options for similar behavior:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Downgrade the card to another variant, the one with the  lowest annual fee or no-fee<\/li>\n\n\n\n<li>Wait a couple of days for the prorated annual fee credit to post<\/li>\n\n\n\n<li>Close the card<\/li>\n<\/ul>\n\n\n\n<p>As long as you didn\u2019t upgrade the card for a bonus or open the card in the last year, this trick won\u2019t get you into the <a class=\"ek-link\" href=\"https:\/\/milesearnandburn.com\/index.php\/2022\/04\/26\/american-express-penalty-box-getting-out\/\">AmEx penalty box<\/a>.  The trick works with Chase and other issuers too, so always explore your options. <\/p>\n\n\n\n<p>Good luck!<\/p>\n\n\n<div class=\"wp-block-image is-style-editorskit-rounded\">\n<figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/milesearnandburn.com\/wp-content\/uploads\/2023\/04\/image-1024x902.png\" alt=\"\" class=\"wp-image-6778\" width=\"420\" srcset=\"https:\/\/milesearnandburn.com\/wp-content\/uploads\/2023\/04\/image-1024x902.png 1024w, https:\/\/milesearnandburn.com\/wp-content\/uploads\/2023\/04\/image-300x264.png 300w, https:\/\/milesearnandburn.com\/wp-content\/uploads\/2023\/04\/image-768x677.png 768w, https:\/\/milesearnandburn.com\/wp-content\/uploads\/2023\/04\/image.png 1112w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center\" style=\"font-size:14px\">The trick doesn&#8217;t always work, sorry discount airlines.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Milenomics host Robert Dwyer often mentions that in his Massachusetts, his home state, credit card issuers are obligated by law to prorate annual fees when<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[54,56],"tags":[],"class_list":["post-6453","post","type-post","status-publish","format-standard","hentry","category-credit-cards","category-wisdom"],"_links":{"self":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/6453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/comments?post=6453"}],"version-history":[{"count":5,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/6453\/revisions"}],"predecessor-version":[{"id":6779,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/6453\/revisions\/6779"}],"wp:attachment":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/media?parent=6453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/categories?post=6453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/tags?post=6453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}