How to get credit card annual fee waived \ refunded pro rata after churning
If you churn credit cards ( which is the process of making the minimum spend in a short period of time to get the Bonus points or miles ) you will usually be closing your credit card along time before it renews to its second year ( so you can start your next churn! )
If the credit card has a Annual fee , then you actually don’t use it for the full year , your provider might refund pro rata the difference. Some providers just refund the full amount!
Successes
- Bank : NAB
- Card : Signature Qantas
- Fee : Refunded Pro Rata 195$
- Bank : ANZ
- Card : Frequent Flyer Black
- Fee : nnual Feed Waved Entirely
- Bank : Citibank
- Card : Premier Qantas
- Fee : Fee Refunded Pro Rata 175$
- Bank : Westpac
- Card : Rewards Black
- Fee : Fee Refunded Pro Rata 200$
- Bank : Amex
- Card : Gold
- Fee : Downgraded to a no fee card to get a pro-rata refund – I cancelled the no fee card a month later
How to do it
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On closure of the credit card while calling the provider to cancel you can ask
“Is it possible to have the annual fee waived pro-rata?”