Avoiding the annual fee on an American Express business membership rewards gold card — is it true that a need to cancel at least three days prior to the fee posting if I do not want to be obligated to pay the annual fee?
I was under the impression that I could cancel within thirty days of the fee getting posted and either have the fee refunded or not need to pay the fee, depending on the timing and billing cycle. I sent them a pm asking when I needed to cancel and they wrote back that it was best if I did it three business days prior. I would prefer to have extra days to call them and inquire about a retention bonus, I do have some spend on all of my cards. If it makes any difference I won’t be using the card again until after I have decided to keep the card.