cancelling card after annual fee posts
Jan 17, 2015 | 9:37 am
#1
Original Poster
Join Date: Nov 2011
Location: Iowa
Posts: 778
cancelling card after annual fee posts
How long do you have to cancel credit card after annual fee posts?
Does it depend upon the card?
I had a Navy Federal Credit Union Visa and I cancelled it 12 days after the annual fee posted on the account. They said I still have to pay the annual fee.
Thanks for the info.
Does it depend upon the card?
I had a Navy Federal Credit Union Visa and I cancelled it 12 days after the annual fee posted on the account. They said I still have to pay the annual fee.
Thanks for the info.
Jan 17, 2015 | 1:14 pm
#3
Join Date: Mar 2010
Location: mountains of western NC
Programs: Life, Love and Laughter
Posts: 9,851
How long do you have to cancel credit card after annual fee posts?
Does it depend upon the card?
I had a Navy Federal Credit Union Visa and I cancelled it 12 days after the annual fee posted on the account. They said I still have to pay the annual fee.
Thanks for the info.
Does it depend upon the card?
I had a Navy Federal Credit Union Visa and I cancelled it 12 days after the annual fee posted on the account. They said I still have to pay the annual fee.
Thanks for the info.
Jan 17, 2015 | 3:15 pm
#4
Original Poster
Join Date: Nov 2011
Location: Iowa
Posts: 778
Jan 17, 2015 | 5:16 pm
#6
Suspended
Join Date: Dec 2014
Posts: 8,460
You'd wait till after in the case when a card offers an annual bonus, like the CSP. In that case, you want to get and transfer the points and then call to cancel the card and get the AF refunded.
Jan 18, 2015 | 6:48 am
#7
FlyerTalk Evangelist
Join Date: Jan 2005
Location: home = LAX
Posts: 26,113
It depends on what kind of a card it is. Consumer cards issued by banks are I believe bound by a law that was passed in recent years (and I think that's where the 60 days comes from), but that doesn't apply to business cards and may not apply to non-banks like credit unions.
Oct 26, 2016 | 8:40 am
#8
Original Poster
Join Date: Nov 2011
Location: Iowa
Posts: 778
This time around I have time before my annual fee posts to the Navy Federal credit card. Has anyone had success trying to get the annual fee waived? I called, just once, today and the representative told me that it can't be waived. I am wondering if they were mistaken because they had to ask me what I meant when I asked if it was possible to have the annual fee waived.