Just got off the phone with Chase. Annual fee hits Feb 1., and I called asking about my options. The rep talked about downgrading and I asked about a retention offer. He came back with "oh, yes, a $250 statement credit." Of course, I took it.
Data points:
Annual spend ~$50k
Bank with Chase
1st request for a retention offer.
Good luck to all of you, it is worth the 5 minute call!
I got it when it came out. So even with the travel credits, they have made some $$ off annual fees. I have never carried a balance with the card though.
