Annual fee posting date vs date payment due
Oct 30, 2017, 4:14 pm
#1
Original Poster
Join Date: Nov 2011
Location: Iowa
Posts: 729
Annual fee posting date vs date payment due
If I have points earned through my credit card and I want to use them before my annual fee is due, do I have to use them before the date the annual fee posts or the date the payment is due for the annual fee?
Oct 30, 2017, 5:17 pm
#2
Join Date: Aug 2007
Location: Truth or Consequences, NM
Programs: HH Diamond, Marriott Titanium, Hertz President's Circle, UA Silver, Mobile Passport Unobtanium
Posts: 6,193
In general, you can use your points as long as the account remains active (and in some cases, after....depends upon the program.) Due dates don't really play much into that other than if you choose to close the account prior to one of those dates.
Oct 31, 2017, 6:48 am
#3
Join Date: Jul 2013
Posts: 384
Unless your creditor will refund the fee shortly after posting you need to do so before posting if you're looking to avoid paying the fee. The payment due date isn't relevant to whether or not your fee is due. The payment due date is for the statement balance.
Oct 31, 2017, 5:19 pm
#4
Join Date: Oct 2012
Programs: AS MVP, BA
Posts: 300
Generally what I do is wait for the annual fee to post. If I have any points left I will use/transfer them, and request annual fee refund and cancel card within 30 days of annual fee posting. I believe every program has at least a 30 day grace period to cancel within annual fee posting.
For UR programs (CSR & CSP) rather than cancelling the card I will downgrade to freedom or freedom unlimited.
Oct 31, 2017, 8:10 pm
#5
Original Poster
Join Date: Nov 2011
Location: Iowa
Posts: 729
I am speaking about the Navy Federal Credit Union Rewards card.
The annual fee is due in 5 days but I could use the points before then. It sounds like I'm going to have to pay the annual fee because I waited too long. Darn.
The annual fee is due in 5 days but I could use the points before then. It sounds like I'm going to have to pay the annual fee because I waited too long. Darn.
Oct 31, 2017, 9:45 pm
#6
Join Date: Aug 2007
Location: Truth or Consequences, NM
Programs: HH Diamond, Marriott Titanium, Hertz President's Circle, UA Silver, Mobile Passport Unobtanium
Posts: 6,193
Nov 1, 2017, 6:27 am
#7
Original Poster
Join Date: Nov 2011
Location: Iowa
Posts: 729
The reason I don't call is I'm sure that they know what I'm trying to do. They'll tell me that it's against their policy in order to prevent me from using the points and cancelling their card and not paying the annual fee.
Nov 1, 2017, 8:21 pm
#8
Join Date: Feb 2017
Programs: Citi AAdvantage
Posts: 67
Quick Question guys:
What's the best way to coax a credit card to waive the annual fee? Like,,, how should I tell them...,,, in a way that would render them to do so... Do I call shortly before I get hit with the fee and say that i was thinking of closing my account?
Thanks for any feedback.
What's the best way to coax a credit card to waive the annual fee? Like,,, how should I tell them...,,, in a way that would render them to do so... Do I call shortly before I get hit with the fee and say that i was thinking of closing my account?
Thanks for any feedback.
Nov 2, 2017, 6:16 am
#9
Join Date: Aug 2007
Location: Truth or Consequences, NM
Programs: HH Diamond, Marriott Titanium, Hertz President's Circle, UA Silver, Mobile Passport Unobtanium
Posts: 6,193
Quick Question guys:
What's the best way to coax a credit card to waive the annual fee? Like,,, how should I tell them...,,, in a way that would render them to do so... Do I call shortly before I get hit with the fee and say that i was thinking of closing my account?
Thanks for any feedback.
What's the best way to coax a credit card to waive the annual fee? Like,,, how should I tell them...,,, in a way that would render them to do so... Do I call shortly before I get hit with the fee and say that i was thinking of closing my account?
Thanks for any feedback.
Tell them you're considering closing the card and ask if there are any offers available on the card that might help you to offset the annual fee. Throw in some conversational tidbits about not using the card as much as you had expected, that you have another card that is meeting your needs better, etc.
You may not get the entire annual fee waived but you may get offers of a statement credit that partially offsets the fee or some amount of points (perhaps contingent upon spend) as a retention offer.
Feb 3, 2018, 12:49 pm
#11
Join Date: Nov 2013
Location: Bracebridge, ON
Posts: 341
The annual fee on my visa infinite hit a few days ago. Once I saw it post I called and explained I was considering my card provider for the year, and asked if they could do anything.
A few minutes later it was refunded. Not sure what level of spend it takes for this to happen.
A few minutes later it was refunded. Not sure what level of spend it takes for this to happen.
Feb 7, 2018, 6:37 pm
#12
Join Date: Jul 2016
Posts: 495
The annual fee on my visa infinite hit a few days ago. Once I saw it post I called and explained I was considering my card provider for the year, and asked if they could do anything.
A few minutes later it was refunded. Not sure what level of spend it takes for this to happen.
A few minutes later it was refunded. Not sure what level of spend it takes for this to happen.
Feb 9, 2018, 12:36 pm
#13
Join Date: Nov 2013
Location: Bracebridge, ON
Posts: 341