topic Re: Chase Card - $450.00 Annual Fee in Credit Cards

Chase Card - $450.00 Annual Fee

Anonymous — Thu, 31 Aug 2017 20:03:30 GMT

I have a question - I have a Chase card with a current balance but my $450.00 annual fee goes into effect tomorrow. Can I cancel the account while there is still a balance so that I dont get that charge? Will I still be able to make payments to the card or will I have to pay it in full? I am not sure that I will use it enough to justify the $450.00 fee.

What do you think??

Thanks!!

Re: Chase Card - $450.00 Annual Fee

Anonymous — Thu, 31 Aug 2017 20:07:14 GMT

Yes, you should be able to cancel and pay off the balance without being charged an annual fee. I'm assuming it is the Chase Sappahir Reserve. It's an amazing credit card, but you have to know how to use the points and not carry a balance for it to make sense

Re: Chase Card - $450.00 Annual Fee

Anonymous — Thu, 31 Aug 2017 20:13:17 GMT

Here is a nice article and some examples from the comments section about success in getting the fees waived for various cards.

https://thepointsguy.com/2017/04/waive-card-annual-fee/

Re: Chase Card - $450.00 Annual Fee

Anonymous — Thu, 31 Aug 2017 20:19:22 GMT

@Anonymous wrote:
Here is a nice article and some examples from the comments section about success in getting the fees waived for various cards.
https://thepointsguy.com/2017/04/waive-card-annual-fee/

While there certainly are opportunities to get AFs waived on certain cards, it's not going to happen on the CSR (or pretty much any high end travel card). The cards give far too many beneifts like $300 travel credits for Chase to waive the AF.

Re: Chase Card - $450.00 Annual Fee

MrDisco99 — Thu, 31 Aug 2017 21:02:49 GMT

FYI typically issuers give you 30 days after the AF posts to cancel the card and get a refund.

Re: Chase Card - $450.00 Annual Fee

HeavenOhio — Thu, 31 Aug 2017 21:03:00 GMT

As an option to closing it, you could possibly product-change it into a lower-fee Chase Sapphire Preferred or a no-fee Freedom or Freedom Unlimited card.

Re: Chase Card - $450.00 Annual Fee

wasCB14 — Thu, 31 Aug 2017 21:04:24 GMT

@Anonymous wrote:
@Anonymous wrote:
Here is a nice article and some examples from the comments section about success in getting the fees waived for various cards.
https://thepointsguy.com/2017/04/waive-card-annual-fee/
While there certainly are opportunities to get AFs waived on certain cards, it's not going to happen on the CSR (or pretty much any high end travel card). The cards give far too many beneifts like $300 travel credits for Chase to waive the AF.

FT reports some good Platinum retention offers, even with <$10k spend.

Re: Chase Card - $450.00 Annual Fee

Anonymous — Thu, 31 Aug 2017 21:05:18 GMT

Thats what I did....no annual fee on the other card. It was great for the year with the bonus - but 450.00 is a lot over a year....i dont really utilize the card to maximize the points....I did what I felt was right to me....happy to save $450 in the nick of time!