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Cashing In Q&A columns

How I fared when I asked for fee waivers on rewards cards

Summary

CreditCards.com reporter Tony Mecia tries his hand at getting a deal on his annual fees. The results were encouraging

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Negotiate rewards cards' annual fees
ANNUAL REWARDS CARD FEES:
ASK AND YOU MAY RECEIVE
It can be a little like a tug of war, but getting a deal on your annual fee may be easier than you think.

• Negotiating rewards cards’ annual fees: 5 tips
• How I fared when I asked for fee waivers

I called four different banks about four reward cards and told each of them that I like the cards but was not fond of paying the annual fees, and I asked if they could waive them. In response, three of the four made me offers to try to keep my business:

Chase Ink Bold (annual fee: $95). Chase offered me 10,000 Ultimate Reward points if I spend $5,000 in the next three months.

Citi Hilton HHonors Reserve (annual fee: $95). After telling me some of the regular features of the card, Citi offered me an additional 750 Hilton HHonors points for every month that I make $750 in purchases, over the next 16 months.

Barclaycard AAdvantage Aviator Red (annual fee: $79). Although I had paid my annual fee in February, Barclaycard offered to credit me back half of it ($39.50). The company also offered 0-percent interest on purchases through Jan. 1, 2016.

American Express Starwood Preferred Guest (annual fee: $65). The agent said he was sorry, but the company has no retention offers for me. Of the four, I use this card least.

See related:Script to ask for a lower credit card rate

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Credit Card Rate Report Updated: December 11th, 2019
Business
15.09%
Airline
16.88%
Cash Back
17.38%
Reward
17.04%
Student
18.58%

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