I have a BGR card right now that's been open for ~1 month. I've spent my $5k and received my 50000 MR points for the sign-up bonus. I have a handful of points in pending.
Am I right in thinking that after Shabbos, I can upgrade to the Business Platinum, pay the $450 annual fee, get a $200 airline credit, receive the AA Club pass (which is good for a few years), wait until January, get another $200 airline credit, downgrade the card in mid-January (60 days from this weekend) back to the BGR, and receive my $450 annual fee back? I.e., $400 free airline credits, club passes, Hilton Gold or whatever other perks there are, for free? And when I downgrade back to the BGR, I'll have my remaining ~9 months or so of my first year free? And also, if I happen to spend $10k, I'll get 30k MR points too (not sure I'll be able to, though).
Am I missing anything or do I have this right?