Originally Posted by
jslasher88
Just made a $208 purchase last week anticipating the credit. Did not realize my annual fee was also hitting at the same time. Am I in big trouble if I wait for the credit to hit and then end up canceling a week or two later? I may still keep the card - depends on retention offers...
No, you will not be in big trouble. You are using the credit that was due to you when you paid last year's fee. You could have used it already in July and long forgotten about it by now.