Chase Sapphire Preferred Annual Fee Refund

Chase has changed its annual fee refund policy.

Chase sapphire preferred annual fee refund.

Do i get a refund of the annual fee if i ve already paid it. I downgraded my chase sapphire preferred to a chase freedom which has no annual fee because i recently got the ink business preferred credit card which has some overlapping benefits and spending categories. With a much lower 95 annual fee the chase sapphire preferred is a much more budget friendly option to earn chase ultimate rewards. It only took a few minutes to call the number on the back of my card and explain what i wanted to do and i kept the same card.

Chase sapphire reserve cardholders may receive a 100 annual fee credit if their account renewal date is coming up. Previously you had anywhere from 60 180 days depending on your card agreement to cancel the card and get a refund of the annual fee. You can only access the benefits available with your current credit card. 3x points with reserve plus a 300 annual travel credit and 2x points with preferred.

Accounts subject to credit approval. Here s who qualifies to have the 550 annual fee lowered to 450. Sapphire is our premier credit card for travel and dining. Sapphire preferred credit cards are issued by jpmorgan chase bank n a.

Your chase sapphire preferred account must be open and not in default to maintain subscription benefits. That s 1 000 toward travel when you redeem through chase ultimate rewards. To downgrade from chase sapphire preferred and its 95 annual fee to chase freedom and its 0 annual fee call customer service at 1 800 432 3117 and request a product change. Chase sapphire preferred card.

If you downgrade from chase sapphire preferred to. 1 2 one data point suggests that product changing within 30 days to a no fee card will not get you any refund at all on your annual fee. Chase sapphire preferred card review however there is an important thing to remember when it comes to downgrading to the chase sapphire preferred. Chase introduced a new policy of october 2016 regarding annual fee refunds.

Restrictions and limitations apply. Your annual fee is lower but so are your benefits. If your annual fee does post it looks like you have 30 days one statement cycle to cancel and get the af refunded. Sending a secure online message through your chase account works too.