Questions and Answers

Recently I was looking at my credit card portfolio and decided to cancel some of them. I decided to let go the Chase Sapphire preferred. By the time I decided my annual fee was already posted to my account. I contacted chase via secure message and they said if I cancel the card 6 months before the annual fee was charged, they would still return the fee at the time of cancellation.

That basically makes the Sapphire preferred a card with no annual fee for the 1st 18 months. Is this a YMMV thing or something that is not discussed or I realized just now?
Now I am curious what the policy on Chase SW cards is?

In my experience I’ve found almost all card issuers will credit your fees back if you cancel shortly after the fee posts (only had an issue with BOA once). The actual grace period varies by bank but you can almost always get a little more than 12 months.

On a semi-related note, did you consider just downgrading the CSP to the non-preferred version? In addition to keeping credit history you might be able to push it back up to the CSP if you need it in the future?

Actually I am debating between converting it to regular Sapphire (not preferred) or Freedom. This would become the 2nd freedom card but still in thoughts.
So far I was able to maximize all the 5X quarters and score 30K UR a year. So tempted.
I have other cards that give all the benefits of the regular sapphire.

You could also consider the unimited…

I eventually converted the SP to Freedom Unlimited.