Chase Sapphire Preferred Waive Annual Fee 2nd Year?
I wanted to share my experience with the Chase Sapphire Preferred card and the annual fee after the 1st year.
I called today and said I wasn't sure I wanted to keep the card, since I hadn't maximized it's value with foreign travel. I told the CSR that my fee would be coming due on the next statement and asked if there were any incentives or spending requirements that could offset of waive the $95 fee. She promptly replied that the fee could not be waived, but I could downgrade if I wanted.
As a consolation, she posted 2,500 UR points to my account, but would not offer anything else.
I don't want to cancel my card, but I'm wondering if I seriously threatened to cancel the card if someone in the retention area would do better.
Anyone else have a similar or successful experience waiving the 2nd year annual fee?