Does Chase refund annual fees?

You can cancel your Chase credit card by calling 1-800-432-3117, or online by signing in to your account.

Don't forget to pay any outstanding balances you might have before cancelling. Also keep in mind that cancelling a card could hurt your credit score. It's best to just leave it open and unused.… read full answer

In case you have a card with an annual fee and it's not really worth it for you, you could try asking for a downgrade to a Chase card without an annual fee. This way you can avoid hurting your credit score, but it's not available for all of their cards.

The easiest way of getting your credit card annual fee waived would be to pick 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. Still, it never hurts to ask, even if success is a long shot.… read full answer

Being well-informed about your rights and alternative credit card options definitely will help your chances. And you can find the most important info below.

Here’s how to get a credit card annual fee waived:

• If you’re employed full-time by the U.S. military, call your issuer and tell them you’d like your SCRA benefits. Exactly how the process works differs by company, but they will ask you to prove your active military status. For example, you might provide a copy of your active duty orders. Once you send the issuer proof, they should waive your annual fee as well as reduce your interest rate. When applying for a card, there’s sometimes a box you can check to indicate your military status, too.
• Call the retention line and ask your card’s issuer to waive or lower its annual fee. Long-time customers and high-spenders with great credit who always pay in full likely have the best chance.
• It’s a common credit card promotion to waive the annual fee for the first year your account is open. This will be noted on the offer when you apply, though. It’s not something you have to ask for.
• If you really want to avoid fees, get a no annual fee credit card. Hundreds are available, including cards with rewards and 0% APRs. You might be able to get a better deal overall by paying an annual fee for more rewards.
• If you’re having difficulty paying your annual fee due to unforeseen financial difficulty, you might be able to apply for a financial relief/ hardship program with the issuer. This way, you could potentially have your annual fee waived. Or you might receive other assistance such as lower monthly payments or lower interest rates.

Since annual fees help pay for the benefits credit cards provide, issuers aren’t eager to waive them. But there’s no penalty for asking. And if you’re in the military, you should definitely take advantage of the waiver you’ve earned with your service.

The Chase credit card annual fees depend on the card. Several Chase credit cards come with a $0 annual fee, while others charge up to $550, annually.

Chase applies an annual fee to some of its credit cards to help cover the cost of the card’s benefits and rewards. For example, the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve® card are among the best travel rewards cards on the market. These cards annually charge $95 and $550, respectively. There’s also a host of co-branded airline and hotel rewards cards that offer an array of perks and rewards, so you should plan to pay an annual fee if you should decide to use any of these cards.… read full answer

Here are the Chase credit card annual fees:

• Chase Freedom Flex℠: $0 annual fee.
• Chase Freedom Unlimited®: $0 annual fee.
• Chase Slate Edge℠: $0 annual fee.
• Chase Freedom® Student credit card: $0 annual fee.
• Ink Business Unlimited® Credit Card: $0 annual fee.
• Ink Business Cash® Credit Card: $0 annual fee.
• Chase Sapphire Preferred: $95 annual fee.
• Ink Business Preferred® Credit Card: $95 annual fee.
• Chase Sapphire Reserve: $550 annual fee.

Whether a Chase credit card with an annual fee is worth it depends on your lifestyle, your spending habits, and rewards and travel preferences. If you’re a frequent traveler and loyal to a particular airline or hotel chain, the annual fee will more than pay for itself. If you don’t travel much, or don’t anticipate making any big purchases over the course of a year, stick with a Chase credit card with no annual fee.