I have one of the now non-existent Chase Ink Bold charge cards that I applied for last year. The first year had the annual fee waived, so now that it’s June a year later, I saw the $95 fee hit on my statement.
Some useful benefits of the Chase Ink Bold I use (now, you can apply for the Chase Ink Plus, which is the same card, except is a credit card):
- 5x Ultimate Rewards points at office supply stores
- 2x Ultimate Rewards points at hotels and gas stations
- Get 20% off airfare, hotels, car rentals and cruises when you redeem your points through Chase Ultimate Rewards. For example, a $625 flight requires just 50,000 points.
Not wanting to pay the $95 annual fee, I called in and asked what could be done. Interestingly, just a few seconds later, the representative said she’d be giving me a $95 statement credit (thus, waiving the annual fee) within 1-2 billing cycles. Awesome! Easy, and I didn’t have to do any prompting. It’s worth noting that I inquired whether another opportunities were available, and did not receive any other options. The only “retention offer” for me was to do the $95 statement credit.
I’m really happy at getting the fee waived, which is what I had in mind when I called. So, I got what was in my mind, and allows me to use this card fee-free for at least another year.
If your annual fee is coming due, it’s worth it to call in and ask for this waiver. FYI – My spending on this card is typically around $5,000 a month – a mix between legitimate travel purchases and office supply visits.
Looking for the best way to earn miles and points quickly? Visit the "Credit Cards" drop down on the main menu bar above for the hottest deals! Want to learn more and stay up to date on the latest tips, tricks and deals? Join My Travel Tips Facebook Page! This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.