Chase Sapphire Preferred Annual Fee Refund

To downgrade from chase sapphire preferred and its 95 annual fee to chase freedom and its 0 annual fee call customer service at 1 800 432 3117 and request a product change.

Chase sapphire preferred annual fee refund.

I downgraded my chase sapphire preferred to a chase freedom which has no annual fee because i recently got the ink business preferred credit card which has some overlapping benefits and spending categories. No foreign transaction fees you ll pay the card s 450 annual fee on the first billing statement. Chase has changed its annual fee refund policy. I called chase and you can get the annual fee refunded if you cancel your card within 60 days of the fee being charged.

If you downgrade from chase sapphire preferred to chase freedom within 60 days of paying the annual fee you ll receive a full refund. 1 2 one data point suggests that product changing within 30 days to a no fee card will not get you any refund at all on your annual fee. The annual fee on the sapphire reserve won t be going up for existing cardholders until your first renewal on or after april 1 2020 so if your annual fee comes due before that date you ll enjoy the new perks with the old annual fee 450 until your next renewal in 2021. If your annual fee does post it looks like you have 30 days one statement cycle to cancel and get the af refunded.

You now have a period of 30 days after your annual fee is billed to cancel and receive a refund. It only took a few minutes to call the number on the back of my card and explain what i wanted to do and i kept the same card. You now have 30 days to get a refund of the annual fee from the date the annual fee posts to your account and there is no prorating of the annual fee after that 30 day window as reddit readers are reporting. For much of its nearly 10 year history the chase sapphire preferred has offered the exact same sign up bonus.

Chase sapphire reserve cardholders may receive a 100 annual fee credit amid coronavirus chase sapphire reserve cardholders may receive a 100 annual fee credit if their account renewal date is. 50 000 ultimate rewards points and the 95 annual fee is waived for the first year. But i wouldn t recommend doing this.