I am semi new still to CC hacking and have never downgraded and re-applied for a bonus. We just got P2 an Amex Gold to meet a SUB for our DSs rehearsal dinner. After that I was going to sit out SUBs for awhile as I felt comfortable with our URs and MRs along with some IHG/Bonvoy points.
Boring story about how we can hit another SUB easily, can be skipped: Today we found out that DH will likely have a knee replacement revision sometime this spring. What we'd led to believe may have just been a scope (his issue is with his IT band, not the implants) but the surgeon we saw today said it would be open surgery, blah blah blah. Long story short, we will probably have $7k in out of pocket expenses (side note: not thrilled with his original Dr who kept putting off DHs concerns and now we're in a new insurance year -- otherwise it would have been $0 2 months ago).
Now to my question. I can't really stomach spending all that w/o a SUB, but I don't feel moved to do the SW smaller CP, or another hotel chain. I've got a few Inks recently. I think I'm under 5/24, so was thinking of downgrading my CSP to a Freedom (P1 has none) and then re-apply for the CSP. I know the offer isn't great, but I don't really want another card with a AF that's > $100. Has to be me (P1), since P2 just got approved for Amex Gold last week.
So to do this:
downgrade P1 CSP to Freedom
wait 4 days?
re-apply for CSP (original SUB was met in Sept 2019)
Oh -- should P2 refer me for the CSP?