Chase Sapphire Preferred Annual Fee Refund

Chase has changed its annual fee refund policy.

Chase sapphire preferred annual fee 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. If you downgrade from chase sapphire preferred to. 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 sapphire reserve cardholders may receive a 100 annual fee credit if their account renewal date is coming up.

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. Your annual fee is lower but so are your benefits. Sapphire preferred credit cards are issued by jpmorgan chase bank n a. Sapphire is our premier credit card for travel and dining.

Here s who qualifies to have the 550 annual fee lowered to 450. Do i get a refund of the annual fee if i ve already paid it. 3x points with reserve plus a 300 annual travel credit and 2x points with preferred. Earn 80 000 bonus points after you spend 4 000 on purchases in the first 3 months from account opening.

That s 1 000 toward travel when you redeem through chase ultimate rewards. By comparison chase s sapphire preferred card s annual fee is 95 a year waived the first year gives only double points on travel and at restaurants and allows you to redeem for 1 25 cents per point. Chase introduced a new policy of october 2016 regarding annual fee refunds. 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.

You can only access the benefits available with your current credit card. 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. With a much lower 95 annual fee the chase sapphire preferred is a much more budget friendly option to earn chase ultimate rewards. 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.

Chase sapphire preferred card. Chase sapphire preferred card review however there is an important thing to remember when it comes to downgrading to the chase sapphire preferred. Accounts subject to credit approval. Your chase sapphire preferred account must be open and not in default to maintain subscription benefits.