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Credit card company refunded annual fee?
Last November my credit card company started charging an annual fee that would be paid in January. I paid off my card in May, when I got my statement for June I had a -2.17 balance. Well today when I went to look at my account for any fraudulent charges my annual fee was refunded on June 21st. I paid my annual fee in January why 6 months later refund it? I then went to the website and looked at the terms and it doesn't mention an annual fee anymore like it used to. I would of thought I would of received something in the mail. My first thought was they were closing my account, but now I'm not sure. I thought I would ask here first, if no one knew then to call them(long wait time and I always get someone from India)
3 Answers
- TedLv 71 decade agoFavourite answer
It sounds like they lost a lot of business so they dropped the annual fee and refunded those already collected.
- Anonymous1 decade ago
Some credit cards have an annual fee but waive it if you charge a certain amount on the card in the year. So as soon as you reach that amount they refund the fee. I would call and ask.
- tudorjasonLv 51 decade ago
That seems strange to me that they would instate an annual fee and then refund it.
In my opinion, your card issuer should have sent you at least a notice in the mail, but nothing like a check.
The CSRs in India are still knowledgeable, it's just the language barrier that's often annoying, but worth having to deal with it to have piece of mind. So I would contact customer service and inquire about why the annual fee was refunded.
