However, the long - term value of the card is shot, and I would highly debate keeping it once the second
year annual fee hits.
Will cancel amex when
next annual fee hits and pay the lower visa AF ($ 59) and keep the 70k flexperks I netted.
Just keep an eye on how long you have until the next
annual fee hits on your current cards because you may want to apply for a new card in the same family before you cancel.
Since you get the $ 200 airline incidental credit annually, you can receive it twice before the $ 550
annual fee hits again on your Amex Platinum card.
When I get the Prestige, I'll have to pay the $ 450 annual fee but I'll be able to take advantage of two $ 250 airline credits before my
2nd annual fee hits, so in effect, I'll be paying $ 50 + the $ 95 annual fee of the Premier in order to earn 50,000 Citi Thankyou Points.
If you're an existing cardmember
whose annual fee hits by the end of August you'll get another year at $ 450, annual fees billing September onward will be $ 550.
I've had this card in the past and cancelled it right away once the second
year Annual Fee hit.
Sometimes it's when
the annual fee hits after the first year.
Originally, I intended to cancel the card before
the annual fee hit, but I'm concerned canceling might have a negative impact on his credit.
Even if it is a new requirement you have ~ 2 months after
the Annual Fee hits to convert and still be refunded the AF by Chase.
I've also heard to try after
the annual fee hits.
The annual fee hit, and I called in and spoke to a somewhat surly phone agent.
It's not a bad choice for converting an existing Arrival + card to when the second year
annual fee hits — you can continue to carry your existing Arrival points, which are still redeemable at 1 cent apiece for travel credits and still get the 10 % rebate.
I'm toying with the idea of converting my Sapphire to a Freedom once
the annual fee hits (in April) but I think I should probably get a Freedom before then (for the signup bonus).
But what about when
that annual fee hits after 12 months?
So if you want to cancel the business card before
an annual fee hits and you can't get a retention offer, there won't be much of an impact on your credit score since your utilization will go unaffected as will your average age of accounts.
After that, I don't see a lot of use for the card and would probably cancel before
the annual fee hits the next year.
If you are pursuing any of these cards solely for the sign - up bonus, you'll probably need to cancel your card after the first year, since you likely won't get enough value out of it the second year when
another annual fee hits.
And actually, the statement resets after the beginning of the year so if you time it right, you can actually get $ 200 in airline credit before
your annual fee hits.
If you cancel a Chase card within 30 days of
the annual fee hitting you'll be refunded but if you wait longer than 30 days, you won't get a prorated refund.
When you consider the fact that those who applied for the Chase Sapphire Reserve when it launched last year are just now seeing
their annual fees hit, I wouldn't be surprised if Chase is trying to lock people into that card.
I've kept my card for the year, but plan to downgrade it to another product when
the annual fee hits — simply because the value isn't there compared to my Reserve.
Because you're going to cancel this card on the 6 - 11th month before
the annual fee hits!
However, Amex recently raised the annual fee from $ 65 to $ 95; I will probably cancel before
the annual fee hits in April.
This is a card that is easily «churnable», meaning you can apply for another card and then cancel your current one before
the annual fee hits.
If this card is still around in 11 months, which I doubt, you'll get 10,000 miles a week or two before
your Annual Fee hits.
So far as I am able to figure out, this annual free night is based on your card member anniversary — read: when
your annual fee hits — rather than calendar year.
Cancel when
the annual fee hits so that you don't have to pay for it for another year.
Hopefully this won't pop up to $ 550, like the personal versions, before
my annual fee hits in December.
After canceling my Amex Platinum and Prestige removing their Admirals Club access, that leaves me with my Priority Pass membership through Citi Prestige (and Chase Sapphire Reserve currently, but I will be canceling that card before
the annual fee hits).
Sometimes it's when
the annual fee hits after the first year.
I canceled that card before the second
annual fee hit and signed up for the Ameriprise version that comes with no sign up bonus but waives the annual fee for the first year.
The $ 450
annual fee hit my account last week, and Citi recently cut one of my favorite card benefits (Admiral Club access when flying American), so it was time to say bye.