Cancelling Credit Cards
Aug 22, 2003 | 8:39 pm
#1
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Join Date: Nov 2002
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Posts: 14,818
Cancelling Credit Cards
I know this has been discussed before, but I've never gotten a definitive answer.
I got a BA Visa card and 10K miles. The annual fee was listed as $75, but it won't be billed until the end of the year. Can I assume this means that the card is free the first year?
If this is so, does that mean I can cancel the card before the year is up and owe nothing?
I am setting up other people to sign up for the card strictly to get the bonus. I want to be able to tell them that they can cancel the card after a couple of months and they will owe nothing andthat they won't come after them and reclaim the miles.
Is all this true?
I got a BA Visa card and 10K miles. The annual fee was listed as $75, but it won't be billed until the end of the year. Can I assume this means that the card is free the first year?
If this is so, does that mean I can cancel the card before the year is up and owe nothing?
I am setting up other people to sign up for the card strictly to get the bonus. I want to be able to tell them that they can cancel the card after a couple of months and they will owe nothing andthat they won't come after them and reclaim the miles.
Is all this true?
