Chip Lupo, Credit Card Writer
@CLoop
Citibank typically does not waive annual fees on its credit cards except for full-time military servicemembers. In some other cases, Citibank will waive the annual fee on a credit card just for the first year as part of a promotional offer. Beyond that, the odds of getting Citibank to waive an annual fee are minimal, but there’s no harm in asking.
When Citibank Will Waive Annual Fees
- Citibank waives fees for full-time, active-duty military personnel, in addition to Servicemembers Civil Relief Act (SCRA) and Military Lending Act (MLA) credit card benefits.
- Some Citibank credit cards waive their annual fee for the first year as part of the standard offer.
- Citibank may waive your annual fee if you call and make a case for financial hardship.
- Citibank may waive the annual fee if you contact customer service at (800) 950-5114 and request a fee waiver.
Although it's unlikely that Citibank will waive the annual fee just because you call and ask, there’s no harm in trying.
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Chip Lupo, Credit Card Writer
@CLoop
Citibank typically does not waive annual fees on its credit cards except for full-time military servicemembers. In some other cases, Citibank will waive the annual fee on a credit card just for the first year as part of a promotional offer. Beyond that, the odds of getting Citibank to waive an annual fee are minimal, but there’s no harm in asking.
When Citibank Will Waive Annual Fees
- For full-time, active-duty military personnel, in addition to Servicemembers Civil Relief Act (SCRA) and Military Lending Act (MLA) credit card benefits.
- Some Citibank credit cards waive their annual fee for the first year as part of the standard offer.
- Citibank may waive your annual fee if you call and make a case for financial hardship.
- Citibank may waive the annual fee if you contact customer service at (800) 950-5114 and request a fee waiver.
While it’s unlikely Citibank will grant an annual fee waiver if you simply call and ask for one, there’s no risk in making the request.
People also ask
What is an annual fee on a credit card?
A credit card annual fee is the minimum cost of keeping the account open for a year. It helps the issuer afford any rewards or promotional financing the card may offer as well as general account services, such as billing and customer support.
The average credit card annual fee is about $27.85, but many cards have no annual fee. A credit card’s annual fee typically is charged on the account anniversary or the month after it. It...
read full answer by WalletHub, Financial CompanyHow 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.
Being well-informed about...
read full answer by WalletHub, Financial CompanyWhat does no annual fee mean?
No annual fee means you will not be charged every year for using your credit card. This means you’ll save anywhere from tens to hundreds of dollars in annual fees, depending on the credit card.
What you should know about credit card annual fees:
- Annual fees are often tied to high-end rewards cards, travel rewards cards, business cards, in addition to cards for people with limited and bad credit. The annual fee helps the issuer recoup the...
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