Amethyst
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Dec 21, 2008
- Messages
- 12,668
Has anyone canceled a deferred-fee" rewards credit card before the one-year deferral period is up?
I opened a Chase Sapphire Visa account last December to get the 50,000 point sign-up bonus. As December approaches, I am wondering if there are any 'catches' to canceling the card to avoid the $95 annual fee.
I have only good things to say about the service, and have accumulated over 62,000 points (including the bonus). Honestly, if the Amethysts were travelers, I might go for the $95 and keep the card - but we are homebodies, so the concierge stuff is meaningless to us.
1. Do I just call up and say "I want to cancel my account?" and done? Do they give you a hard time, try to change your mind, etc.?
2. Supposedly, this card gives an additional 7% on top of earned points after a year. There is nothing in the agreement that says you forfeit the 7% by canceling in time to avoid the fee - does anybody have any insights into this?
Experience and advice welcomed.
Amethyst
I opened a Chase Sapphire Visa account last December to get the 50,000 point sign-up bonus. As December approaches, I am wondering if there are any 'catches' to canceling the card to avoid the $95 annual fee.
I have only good things to say about the service, and have accumulated over 62,000 points (including the bonus). Honestly, if the Amethysts were travelers, I might go for the $95 and keep the card - but we are homebodies, so the concierge stuff is meaningless to us.
1. Do I just call up and say "I want to cancel my account?" and done? Do they give you a hard time, try to change your mind, etc.?
2. Supposedly, this card gives an additional 7% on top of earned points after a year. There is nothing in the agreement that says you forfeit the 7% by canceling in time to avoid the fee - does anybody have any insights into this?
Experience and advice welcomed.
Amethyst