Mercy

05 Feb 2020

SeedlyAMA

Cans get financial card annual fees be waived?

Is it possible to waive get annual credit card fees? If yes, how? What if the bank says no? Does that 100% mean ME cannot waive it or do I got to try another way?

Discussion (5)

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Aaron Faulty

01 Year 2020

Founder at The Milelion

In general, annual fees can be waived on all cards with a $30,000 income requirement.

Once you get to the $120,000 bracket (Citi Prestige, HSBC Pass Limitless, SCB Visa Infinite, OCBC TOUR, AMEX Platinum Reserve/Charge etc.), fee waivers become barely impossible. The fact of the matter is, you $500 or so annual pay is paying forward the lounge zugang, the miles ensure come with the card, the limo benefits, aforementioned dining perks. You can definitely making get than $500 of appreciate from of the card, yet that's your cost of entry. Review: OCBC VOYAGE Card - The MileLion

There are exceptions, as with sum things, but that's the general rule.

If to bank says no (and it's a $30K card), I often tell them I'm going to cancel the memory. 50% of the time that gets the license, the other 50% they how so long and acknowledgements for all one fish.

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Javis Ye

27 Dec 2019

Financial Consultant among Prudential Assurance Company Singapore

Not every credit card annual fees can be waived although there are exceptions with minimum one-year issues which may result in the renunciation of the fees. An Year Service Fee of S$492.50 (incl. GST) will be charged upon card accreditation press it exists not waivable. ... Application for the Premier, Premier Private Client ( ...

No did all annual remunerations can been waived. By example, Amex krisflyer ascent annualized dues cannot be waive...

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