I closed my CO debit card with Chase secure message with no problems, got $25 fee refunded.
I saw not point keeping it till July since I jumped on 50K CC offer, and debit card has no benefits over CC

For folks who would like to keep an account with Chase, you can convert your checking into a savings and avoid a fee is you keep $300 in it daily.

Is a pro-rated refund give if an account is closed before the annual fee is due? I have both the personal and business accounts.

From what I understand after my call,...come July when the program ends, annual card fees already paid will be prorated, thus a refund will be issued.

Obviously, if you close your account before your next annual fee, then you wouldn't be charged at all. No account, no fee.

Talking about pro-rated refund of the annual fee already paid. I opened the personal last summer and the business in the fall. If I close it now, will I get a pro-rated refund of the annual fees?

No offense, but maybe you should call Chase yourself. I've already twice explained, and now, doing it for the 3rd time.

Not to be rude, but this is a very simple situation to understand,...all comes down to common sense. If you think about it for 5 seconds, it's all rather clear.

1) If you close your accounts before the program changes on July 12, there is nothing to be pro-rated, obviously. Why would they refund anything BEFORE the terms change, since the program is still active?

2) If you don't close your accounts, and keep them open past July 12, then they will issue you a prorated refund, since the program you paid for would then be non-existent.

Obviously, in your case, the refund on the account you opened in the fall will be greater than the refund on the account you opened in the summer. Rough guess,...the fall account would receive 25% back, whereas the summer account would be very close to 0%.

Sorry, but if this still doesn't make sense, I suggest you call Chase directly.

I'm disappointed that my debit card will no longer be able to earn miles. I will be closing this account before July and probably switch to another mileage program with a debit card (likely US Air because the hub is where I live).

You'll probably have a hard time finding a debit card that offers miles, due to the new interchange rules.

Not entirely true. The pro-rated refund will be given in April; therefore you can close your account towards the end of April with no reprecussions.

Ok, good to know. But that's not what I was told over the phone.

Curious though, is this info based on a phone conversation, or is it up on the website now? Also curious of how they are going to send out these refunds if you close the account before the change,...by check? I'm sure many of these account holders will be getting back only a few dollars, some far less. A refund would be quick and easy for those that keep their accounts open after the change.

The letter I got from Chase said the checking must be open to get a refund as they will only deposit the refund in to your account.

It sounds as if you need to notify Chase in advance to schedule your closing, so your refund hits well before the account goes cold. Hmmm. Odd.

I received my pro-rated annual fee refund. Any point in keeping the Chase account? I have both the personal and business checking accounts. Has chase offered any bonuses for keeping accounts open? Will the terms be the same except no miles?

No T&Cs change so far, just that the CO debit cards no longer earn anything.

I am keeping both my accounts because my Chase Freedom is tied to the personal checking account thus offers a 10% bonus earning on each purchase as well as 10 pt bonus on each charge regardless the amount. So a $0.20 charge at Walgreen gives me 10 Ultimate award points... The business account statement comes in handy when proof of business is required for applying a business CC...

The only burden to me is to do the 5 non-pin debit card transaction each month. It is not a biggie. Yesterday morning I did all 5 on one go at Walgreen, took 3 minutes to buy 5 jelly boxes in 5 separate transactions at 0.20 each to take care the requirement for May.

I have only applied for one business card. How often is proof of business required? Any particular banks require this? (Citibank didn't ask it and was denied the Cap1 biz card). Am Ex need this?