Many credit cards have annual fees, and understandably, consumers like to do the math as to whether or not the fees are worth paying on an ongoing basis. Along those lines, each card issuer has a different policy when it comes to refunding annual fees, and in this post, I’d like to take a look…
Continue reading: Citi’s 37-Day Annual Fee Refund Policy: How It Works In Practice
Share your questions, experiences, and thoughts below.
What about product change? Let's say I want to change strata elite to doublecash on Jan/5. Is that also 37 day for full refund or prorated?
This is not accurate in my case. American Airlines Citi card. 10/9 downgraded to AA MileUp card which has no fee. 10/29 $99 fee posted. 12/1 refunded only 90.74. I called customer service after waiting a half an hour just to be told that that is their policy that it gets prorated. This doesn’t make any sense to me, but it’s hard for me to waste any more time on this for only 8 dollars. The person said that the downgrade technically takes over 50 days to complete or something ridiculous like that.
This whole ordeal with Citi is a scam. I paid the $99 and will never get a Citi card again.