… the reason that the annual fee was refunded. ….
Interesting, thank you for the explanation and lesson learned, now I can stop scratching my head.
Appears to be an “all or nothing” thing in that AF refund was 100% with AF billed 2 months ago and CL lowered to slightly less than 4x AF.
Perhaps also why some cards have relatively high
initial CLs.
On July 31 when I called to lower CL I did ask if there was a minimum CL for UA Club Visa Infinite card, agent was clueless. Pure luck that I chose $2k and not $3k or $4k.
(I decreased all previously consolidated Chase CLs on July 31 because of more frequent recent reports of denials from various issuers for “too much credit extended” and my own denials in October 2024 and April 2025 for the Citi AAdvantage Executive World Elite Mastercard due to “high amount of unused credit compared to available credit lines.”)
... If I recall correctly, the fee waiver only applies to the first year, but experiences may vary.
I doubt I’ll change the CL on this UA Club card again and my plan was to cancel at 12.9 months and then re-apply for a UA Club Biz card. I’ll try to remember to post here again next June 1st regarding 2nd AF charge.
… I do not recall that this has been reported on Chase's own branded cards, ...
My 7 month old Sapphire Reserve initial instant approval CL was $50k, increased/reallocated to $100k on July 12, decreased to $12k on July 31. Now thinking about decreasing to $1k or $2k. I’ll try to remember to post here again about effect (or lack thereof) on AF if I do lower.
Mods: The subject of Federal regulation limits of annual fees to 25% of initial credit limits is rarely discussed in these forums and seems to be a significant bit of information. Perhaps it warrants a dedicated thread of its own?