I will repeat what I was told by Cheryl, a Senior Host:
1)Absolutely take any cash back in your account prior to the
conversion. You risk computer errors and delays after that. I'm going
next weekend and will cash out daily.
2)The opposite applies to Connection Club comp dollars - they easily
convert to Total Rewards. If there is something retail you like at
Caesars or you want to see the show, might as well do it now. If there
are items you want at Harrahs or the other properties already
converted, wait.
3)If you feel your Caesars rating may be in jeopardy, reserve future
trips at your comp level now. However, if Harrahs downgrades the VP as
expected, you may not want to return. That's how I look at it.