Cameron DiGiovanni, Writer
@cdigiovanni20
Yes, Bank of America does refund annual fees for some customers when they cancel a card, though your ability to get a Bank of America annual fee refund depends on your relationship with the bank. Reportedly, long-time customers who have consistently paid on time are more likely to get a refund on a BofA annual fee.
To find out whether you'll get a refund on the annual fee, call Bank of America credit card customer service at 1 (800) 732-9194. You should call to ask as soon as possible after the fee appears on your statement. The longer you wait, the less likely it is that Bank of America will refund your annual fee when you cancel the card.
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People also ask
How do you get a credit card annual fee waived?
You can get your credit card annual fee waived by getting a credit card that waives the annual fee during the first year as a promotion, or one with no annual fee at all. Alternatively, you can call the issuer’s retention line, but it is not guaranteed that it will work. Beyond that, you’re unlikely to get your credit card’s annual fee waived unless you’re an active-duty member of the military.
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read full answer by WalletHub, Financial CompanyHow can I cancel a credit card before the annual fee is charged?
You can cancel a credit card before the annual fee is charged if you do it right before the account’s anniversary. The annual fee is charged when the account is opened and on each anniversary. If you want to cancel the card before the first annual fee is charged, you should call customer service before activating the credit card.
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read full answer by Maria Adams, Credit Cards ModeratorWhen are credit cards with annual fees worth it?
Credit cards with annual fees are worth it when they offer rewards and perks that save you more money than you pay in fees. Having a card with an annual fee is an especially wise move when it will save you more than the best offer without an annual fee. When that stops being true, you can close the account.
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read full answer by WalletHub, Financial CompanyDid we answer your question?
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