Credit Tips: Can a Credit Card Annual Fee Be Waived?

Written by carnold
Posted On: May 1, 2006

Author: bullet875
Posted: Thu Mar 09, 2006 9:12 pm
Post subject: Will credit card companies waive an annual fee…

if you tell them that you are going to cancel their card? I found a Chase hotel co-branded card that I would use once or twice a year for travel that is free the first year and costs $29 yearly after that. do you thinkthey would waive the fee if I threatento cancel the card before the fee kicks in?

Author: mouse
Posted: Thu Mar 09, 2006 9:43 pm
Post subject: Re: Will credit card companies waive an annual fee…

bullet875 wrote:
if you tell them that you are going to cancel their card? I found a Chase hotel co-branded card that I would use once or twice a year for travel that is free the first year and costs $29 yearly after that. do you thinkthey would waive the fee if I threatento cancel the card before the fee kicks in?

Usually not

The “FEE” is so they can run the PROGRAM

A “FEE” for no rewards card is easier to get waived (in many cases)

Author: maddybeagle
Posted: Fri Mar 10, 2006 8:31 am
Post subject:

If they wont waive the fee, you can probably change the card to another program that has no fee. It doesnt sound like you use this anyway. Dont close it. Also, note that chase will not transfer rewards balances, though.

Author: bullet875
Posted: Fri Mar 10, 2006 10:44 am
Post subject: I didn’t get this card yet…

but I was deciding whether I wanted to apply or not. I think I’ll skip it. I was just trying to decide as we have one of their hotels in our town and I was hoping to get free night s to use to get away from my kids…lol, but I would only stay in their hotels 4 to 5 nights a year….probably not long enough to reap rewards for a $29 fee.