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This article is from the Credit cards and
Consumer Credit FAQ, by adams@spss.com (Steve Adams) with
numerous contributions by others.
204. Can I get the annual credit card fee waived at renewal time?
Many lenders have "secret" programs in effect where if you ask them
they will waive the annual fee. (AT&T confirmed on 19 March 1992
that it is waiving the fee on its Universal cards for at least some
customers who ask.) Some do it only if you charge a certain amount
per year; others have other criteria. It certainly can't hurt to
call just before renewal time and ask. (If you wait until after the
fee is already on your statement, your chances aren't as good.)
Some banks will waive the annual fee if you tell them that you'll go
elsewhere if you have to pay it. Others will not. You may want to
ask (politely) to talk to a supervisor, since the front-line person
may not care whether you cancel your card and may not have the
authority to make concessions. Don't bluff on this unless you are
confident you can get a card elsewhere.
One article in Usenet reported that the author called Citibank to
cancel his Visa card because of the annual fee. They would not
waive the fee but said they would send him a gift certificate for
the same amount if he kept his card.
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finance, debit card, credit card, secured card, guaranteed card, unsecured card, consumer credit, bad credit, credit report
