Chase Sapphire Reserve Annual Fee Refund Policy

But there s also a 450 annual fee that s not waived the first year.

Chase sapphire reserve annual fee refund policy.

Received 150 prorated refund of the 450 annual fee upon product change to cfu last week i pced my csr to a cfu. Lyft pink will be registered in the name of the primary cardmember or an. If canceling within 30 days of when the annual fee is charged you get a full refund. In january chase raised the yearly cost of the sapphire reserve by 100 upping the annual fee from 450 to 550 while adding new perks like a lyft pink membership and a 60 credit toward.

Chase has changed its annual fee refund policy. Now that some of the dust has settled from chase s decision to make significant changes to the chase sapphire reserve credit card including a higher 550 annual fee existing cardholders have to decide whether they want to keep it or consider other options. Chase introduced a new policy of october 2016 regarding annual fee refunds. 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.

Outside of the 30 day window you will not get a refund. How chase handles annual fee refunds. Chase sapphire reserve cardholders may receive a 100 annual fee credit if their account renewal date is coming up. The chase sapphire reserve has fantastic benefits including a 100 000 point sign up bonus 300 annual travel credit and 3x points bonus on travel and dining purchases.

Your chase sapphire reserve account will receive one complimentary lyft pink membership for 12 consecutive months a minimum value of 199 when the membership is activated with a chase sapphire reserve card by 03 31 2022. Today i received a 150 annual fee credit refund on my cfu which has the same acct as the former csr. 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 now have 30 days to get a refund of the annual fee from the date the annual fee posts to your account and there is no prorating of the annual fee after that 30 day window as reddit readers are reporting.

If your annual fee does post it looks like you have 30 days one statement cycle to cancel and get the af refunded. First let s talk about your timeline as to when action needs to be taken. It s understandable to be frustrated with a 100 increase in the card s annual fee especially since it already had a high. If downgrading within 60 days of when the annual fee is charged you get a full refund.

Chase has made some changes to their unofficial annual fee refund policy previously customers were given anywhere from 60 days to 180 days after their annual fee was billed to cancel the card and get that fee refunded according to multiple readers and comments on this r churning post that has changed effective immediately and cardholders will have a period of 30 days to cancel their card and.