As Costco shuts down American Express acceptance, AmEx coincidentally changes policy regarding annual fee refunds for account closures

With the June 19 deadline looming for Costco to stop accepting American Express cards, it's interesting that American Express announced a change to its policy regarding annual fee refunds. Previously, American Express provided a pro-rated refund of its annual fee upon account closure.  The recently announced new policy is: "Closing your Account Effective September 1, [...]