topic Re: csp fee in Credit Cards

csp fee

Anonymous — Wed, 02 Sep 2015 23:49:30 GMT

hello, i just checked my account and i saw that my annual fee just posted $95.

anyway i can get it waived?

i dont mind paying it, but it would be nice if i can get it waived.

Re: csp fee

yfan — Thu, 03 Sep 2015 00:05:07 GMT

Well, there IS that tactic of calling in, asking to cancel, getting the retention department, and hoping they don't call your bluff. If they do, though, that will put you in somewhat an uncomfortable position.

If the benefits you are receiving from the card are worth a $95 AF, I'd go ahead and pay it and not give it a second thought. After all, it isn't meant to be a AF-less card.

Re: csp fee

red259 — Thu, 03 Sep 2015 00:14:27 GMT

@Anonymous wrote:
hello, i just checked my account and i saw that my annual fee just posted $95.

anyway i can get it waived?

i dont mind paying it, but it would be nice if i can get it waived.

You can call in and say you are considering closing the card and see if you can get a retention offer. No harm in doing this. I have not heard of chase outright waiving the AF on this card If they say there are no offers then you do not need to close the card right then and just say you want to think about it. Then you can assess if its worth it for you to pay the AF. An alternative if there is no retention offer may be to downgrade to the CS which is no AF. You would not be able to transfer your points to travel partners (so if you have a redemption to make to travel you may not want to do this or you will want to transfer to a travel partner before downgrading, unless you have another transfer card like the ink cards) with the CS there are fewer benefits.

Re: csp fee

heyarrnold — Thu, 03 Sep 2015 00:35:34 GMT

You can try. I've always been able to waive my AF's or receive miles equal to the AF on all of my cards except for the CSP. My AF also hit this month, but I downgraded the account to the Freedom. No retention offer available. I had no use for the CSP anymore, and I didn't see the point in paying the annual fee.

Re: csp fee

Callandra — Thu, 03 Sep 2015 00:43:23 GMT

It never hurts to try but be careful in what you say to the CSR since they might get trigger happy and go and close your account and not think twice about it. I don't think I've seen a lot of people get the CSP waived but it never hurts to ask. If you're not making full use of the card, maybe downgrade to regular Sapphire or PC to Freedom?

EDIT: derp, you have Freedom already, maybe you can PC to Slate and get the awesome sauce FICO dashboard?

Re: csp fee

red259 — Thu, 03 Sep 2015 00:49:29 GMT

@heyarrnold wrote:
You can try. I've always been able to waive my AF's or receive miles equal to the AF on all of my cards except for the CSP. My AF also hit this month, but I downgraded the account to the Freedom. No retention offer available. I had no use for the CSP anymore, and I didn't see the point in paying the annual fee.

Yes if you don't already have a freedom then downgrading to the freedom may be a better option than to CS. I had a freedom already so I elected to use the CS for restaurant spend.

Re: csp fee

red259 — Thu, 03 Sep 2015 00:49:01 GMT

@Callandra wrote:
It never hurts to try but be careful in what you say to the CSR since they might get trigger happy and go and close your account and not think twice about it. I don't think I've seen a lot of people get the CSP waived but it never hurts to ask. If you're not making full use of the card, maybe downgrade to regular Sapphire or PC to Freedom?

EDIT: derp, you have Freedom already, maybe you can PC to Slate and get the awesome sauce FICO dashboard?

I would be careful about downgrading to the slate. You never know if in the future if you may need a 0% apr card, so its best to keep the option to pick up those cards for their 0% apr offers available for the future. Since you have the freedom then I would recommend the CS if you decide to downgrade. Don't worry too much about the reps getting trigger happy and closing the account. You just need to be clear that you are considering closing the account, but wanted to know if there any offers on the account first. Then if the answer is no you can ask them about PCing the card. I wouldn't mention the PC option until they tell you if there is an offer or not. If you do get an offer and you are not sure if you want it don't feel pressured. Just say you need to think about it and then take some time to do the math to see if you want it or want to take an alternative route. If you do decide to close the card see about moving your credit line over to another card first.

Re: csp fee

kdm31091 — Thu, 03 Sep 2015 01:35:43 GMT

Retention offers on CSP are quite rare. You likely will just have to downgrade if you decide you don't want to pay/can't justify the fee.

Re: csp fee

ddemari — Thu, 03 Sep 2015 05:04:27 GMT

I agree, I haven't seen much luck getting the fee waived.

Re: csp fee

lord_kinbote — Thu, 03 Sep 2015 08:36:49 GMT

It's 95 guys, pay the AF, which you knew all about before apping. Calling in and threatening to cancel is dishonest and a lot of work to save 95, which equates to 7.91 a month.

Re: csp fee

kdm31091 — Thu, 03 Sep 2015 10:26:23 GMT

@akula wrote:
It's 95 guys, pay the AF, which you knew all about before apping. Calling in and threatening to cancel is dishonest and a lot of work to save 95, which equates to 7.91 a month.

Plus there are plenty of ways to save ~$8 a month without going through a hassle.

Re: csp fee

Anonymous — Thu, 03 Sep 2015 13:38:58 GMT

@akula wrote:
It's 95 guys, pay the AF, which you knew all about before apping. Calling in and threatening to cancel is dishonest and a lot of work to save 95, which equates to 7.91 a month.

I don't see it as dishonest in a blanket way. There are cards that are worth keeping for an individual if they cost $X (where X might be 0) and not worth keeping if they cost more. So providing you don't mind potentially getting the card closed, and the time is minimal, it may be a reasonable thing to do.

I just find the comment strange when the board is full of things about calling to reduce APR (which is some cases were also known at app time), getting BBR to "save" $25 etc.

Re: csp fee

afinch1992 — Thu, 03 Sep 2015 14:10:36 GMT

If the annual fee is worth it to you, I would just pay it and move on. I went through something similar, but decided to downgrade. However, with the new application "rules", I realized that my UR points would be in lymbo for years at a time, since I do not have another card to transfer points out with. Ultimately I had to go through some hoops just to get the CSP back.

Re: csp fee

red259 — Thu, 03 Sep 2015 14:11:12 GMT

@Anonymous wrote:
@akula wrote:
It's 95 guys, pay the AF, which you knew all about before apping. Calling in and threatening to cancel is dishonest and a lot of work to save 95, which equates to 7.91 a month.
I don't see it as dishonest in a blanket way. There are cards that are worth keeping for an individual if they cost $X (where X might be 0) and not worth keeping if they cost more. So providing you don't mind potentially getting the card closed, and the time is minimal, it may be a reasonable thing to do.

I just find the comment strange when the board is full of things about calling to reduce APR (which is some cases were also known at app time), getting BBR to "save" $25 etc.

+1 It is not dishonest and you don't have to close the card if there is no retention offer. Besides it takes a few minutes at most. Its hardly a lot of work.

Re: csp fee

lord_kinbote — Thu, 03 Sep 2015 21:57:22 GMT

@Anonymous wrote:
@akula wrote:
It's 95 guys, pay the AF, which you knew all about before apping. Calling in and threatening to cancel is dishonest and a lot of work to save 95, which equates to 7.91 a month.
I don't see it as dishonest in a blanket way. There are cards that are worth keeping for an individual if they cost $X (where X might be 0) and not worth keeping if they cost more. So providing you don't mind potentially getting the card closed, and the time is minimal, it may be a reasonable thing to do.

I just find the comment strange when the board is full of things about calling to reduce APR (which is some cases were also known at app time), getting BBR to "save" $25 etc.

Calling in and presenting a "ploy" in order to have an AF waived, fits the definition of dishonesty quite well. If you do not want an AF card, then by all means PC or close the account. However, a response to the OP's post presented the concept of saying you were going to cancel your account if your demands were not met; even cited a warning about them possibly calling your bluff. That's how my dishonesty statement was derived.

Re: csp fee

red259 — Thu, 03 Sep 2015 22:09:58 GMT

@akula wrote:
@Anonymous wrote:
@akula wrote:
It's 95 guys, pay the AF, which you knew all about before apping. Calling in and threatening to cancel is dishonest and a lot of work to save 95, which equates to 7.91 a month.
I don't see it as dishonest in a blanket way. There are cards that are worth keeping for an individual if they cost $X (where X might be 0) and not worth keeping if they cost more. So providing you don't mind potentially getting the card closed, and the time is minimal, it may be a reasonable thing to do.

I just find the comment strange when the board is full of things about calling to reduce APR (which is some cases were also known at app time), getting BBR to "save" $25 etc.
Calling in and presenting a "ploy" in order to have an AF waived, fits the definition of dishonesty quite well. If you do not want an AF card, then by all means PC or close the account. However, a response to the OP's post presented the concept of saying you were going to cancel your account if your demands were not met; even cited a warning about them possibly calling your bluff. That's how my dishonesty statement was derived.

I don't recall anyone advising OP to threaten to close the card if their demands are not met. I think you are referring to a different thread where someone said that, but I don't think it was here.

Re: csp fee

Anonymous — Thu, 03 Sep 2015 22:19:47 GMT

Alright, let's not get all worked up over an AF...if the OP doesnt want the AF, by all means call and try to get it waived...regardless of the methods he/she uses, we're no one to judge; his/her life his/her choice and card

All OP was asking is if he could waive the AF, if he can do so using his methods, hey, he/she is not commiting a crime.

Re: csp fee

Anonymous — Thu, 03 Sep 2015 22:20:31 GMT

By the way, is there really a CSP with no AF?? I thought that was removed from the market long ago?

Re: csp fee

red259 — Thu, 03 Sep 2015 22:24:58 GMT

@Anonymous wrote:
Alright, let's not get all worked up over an AF...if the OP doesnt want the AF, by all means call and try to get it waived...regardless of the methods he/she uses, we're no one to judge; his/her life his/her choice and card

All OP was asking is if he could waive the AF, if he can do so using his methods, hey, he/she is not commiting a crime.

Re: csp fee

red259 — Thu, 03 Sep 2015 22:25:37 GMT

@Anonymous wrote:
By the way, is there really a CSP with no AF?? I thought that was removed from the market long ago?

Last I knew you could downgrade to the CS which is no-AF. I have that card now. You can not apply for it directly anymore though.