Chase Sapphire Reserve Annual Fee Refund Policy

The chase sapphire reserve has fantastic benefits including a 100 000 point sign up bonus 300 annual travel credit and 3x points bonus on travel and dining purchases.

Chase sapphire reserve annual fee refund policy.

Chase sapphire reserve cardholders may receive a 100 annual fee credit if their account renewal date is coming up. Received 150 prorated refund of the 450 annual fee upon product change to cfu last week i pced my csr to a cfu. Today i received a 150 annual fee credit refund on my cfu which has the same acct as the former csr. 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.

First let s talk about your timeline as to when action needs to be taken. It s understandable to be frustrated with a 100 increase in the card s annual fee especially since it already had a high. Chase sapphire reserve dp. If canceling within 30 days of when the annual fee is charged you get a full refund.

Previously you had anywhere from 60 180 days depending on your card agreement to cancel the card and get a refund of the annual fee. But there s also a 450 annual fee that s not waived the first year. If downgrading within 60 days of when the annual fee is charged you get a full refund. If your annual fee does post it looks like you have 30 days one statement cycle to cancel and get the af refunded.

In january chase raised the yearly cost of the sapphire reserve by 100 upping the annual fee from 450 to 550 while adding new perks like a lyft pink membership and a 60 credit toward. How chase handles annual fee refunds. Now that some of the dust has settled from chase s decision to make significant changes to the chase sapphire reserve credit card including a higher 550 annual fee existing cardholders have to decide whether they want to keep it or consider other options. 4 12 months of complimentary lyft pink membership.

Your chase sapphire reserve account will receive one complimentary lyft pink membership for 12 consecutive months a minimum value of 199 when the membership is activated with a chase sapphire reserve card by 03 31 2022. 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. Chase has changed its annual fee refund policy. Outside of the 30 day window you will not get a refund.

Chase introduced a new policy of october 2016 regarding annual fee refunds.