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I received my Annual Fee for my PRG card in April 2016. The fee charged was $175.00.
It was my understanding that the fee was going up to $195.00 in 2016.
Was this a mistake, was I undercharged?
Has anyone else experienced this?
The fee will always be whatever the agreed upon amount is when you apply. Each card has different fees. Right now there is one that is $195, $175 and $165. The CSP has different amounts too. Most of the time it stems from your original sign up business.
So your Annual Fee is grandfathered in from when you signed up? Meaning it will never increase?
While certainly not an official policy, I have noticed over the years of annual fee increases that those with the old fee were grandfathered for ~1-2 years before being assessed the new annual fee. As for why this happens, I don't know. Please go on the assumption, though, that next year will be billed at $195.
Hope this clarifies a little :-)