Originally Posted by
mikesyr18
Would have to wait until after the first year is up to do that because of the CARD Act since the annual fee terms change with the PC... Most people are cancelling before the 2nd annual fee hits, so Chase would still be losing an account.
You have 30 days from the statement date to cancel the card and get the AF reversed. That is plenty of time for the cardholder to decide what to do.