How to Get a Refund on Your Citi Credit Card’s Annual Fee

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You can get a partial refund on your annual fee when you cancel a Citi card.  This is even if you cancel it after 6 or 7 months!

tete

You Can Get a Pro Rata Refund When You Cancel a Citi Card

Citi Refunds Annual Fee on Credit Cards

Link:   Citi American Airlines card

Link:   Citi Hilton card

Link:   Citi Hilton Reserve card

Link:   Citi ThankYou Premier card

You get a refund on the unused portion of your annual fee when you cancel a Citi card.

I don’t cancel credit cards until I’ve had the card for ~8 to 10 months.  Then I evaluate if the benefits of keeping the card (priority boarding, free hotel night, etc.) are worth the annual fee.

Sometimes the benefit is worth keeping the card, but other times it’s not.  But before you cancel a credit card, you should make sure you won’t lose your miles and points.

And it’s easy to cancel a credit card before your annual fee posts.  You should call ~2 to 4 months before your annual fee is due.

When you cancel a personal Citi card, you can get a refund on the unused portion of your annual fee.  However, per this Flyertalk thread, you can NOT get a partial refund on the annual fee on a Citi Executive card.  You will get a refund IF you cancel the card within 37 days.  After 37 days, you will NOT get a refund for the $450 fee on the Citi Executive card.

To cancel a Citi card, you should call the Citi retention specialist at 800-444-2568.

Partial Annual Fee Refunds on Other Credit Cards

You can also usually get a prorated refund of the annual fee on AMEX cards.

With Chase credit cards, you usually have to call within 30 days of the annual fee being charged to get a refund on the annual fee.  If you do NOT call within 30 days, you will NOT get a refund.

Bottom Line

You can get a prorated refund on your annual fee when you cancel a personal Citi credit card, like the Citi Hilton Reserve card.  But you will NOT get a partial refund on the annual fee on a Citi Executive card UNLESS you cancel your card within 37 days.

You should evaluate whether the benefits are worth keeping before you cancel a card.   Usually you will NOT lose your miles and points when you cancel a credit card, but you should double-check.

You can also get a partial refund when you cancel an AMEX card.  You have to cancel a Chase credit card within 30 days of paying your annual fee or you will NOT get a refund.

What’s your experience with getting an annual fee refunded when you cancel Citi credit cards?

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14 responses to “How to Get a Refund on Your Citi Credit Card’s Annual Fee

  1. Is it 37 days from application approval date, or 37 days from when the fee appears on the statement. I thought I’ve heard the latter but wanted to double check.

  2. This seems like a recipe for getting on Citi’s s*it list. Like Darius, I like to keep the card for a while; if it isn’t worth the annual fee or ties up too much available credit with an issuer (Barclays for sure) then I’ll cancel it just before renewal. It would seem any kind of pattern of doing this would make make your long term prospects of dealing with the issuer much more difficult. Plus, how likely are they going to be to give you any kind of retention bonus or waive future fees.

  3. For the Chase Business Cards, I was informed (by 2 reps) that you can cancel up to 180 days after the annual fee is due for a full refund. I in fact did cancel my Ink Bold this week (paid the fee 2 months ago) and got a full refund. (Don’t worry, I still have my Ink Plus).

  4. @Tom – when the fees hits

  5. So is the refund the prorata portion of $450 or of $450 net of the $200 statement credit?

  6. Thanks for this post… learning a lot. How about Barclays USAirways card? Would you happen to know if we can cancel the card after the initial purchase and after getting the bonus points? Would we get a prorated amount of the annual fee back after cancelling?

  7. Chase is more than 30.

  8. @Darius I called Citi today and was told 37 days from when the Annual Fee appears?!!

  9. Pingback: [Expired Again?] 100k miles Citi Executive AAdvantage [Read wiki before posting] - Page 547 - FlyerTalk Forums

  10. Pingback: Citi retention offer reports [All cards] - Page 25 - FlyerTalk Forums

  11. @meir, I got the same response from Citi rep that it’s 37 days from when the AF posted. Just curious, why 37 days and not 30 days?

  12. @Jimmy – The extra 7 days are to cover the delivery time. But we all know the card got delivered very quickly.

  13. I have a Chase United Mileage Plus card, and the annual fee posted > 30 days ago, but less than 60 days. Can I still cancel and get a refund ?

    I can call and ask, but I don’t actually want to cancel now if they aren’t willing to refund the fee.

    Also, I want to book a flight on United. I can get miles through Chase Preferred, but MileagePlus also gives me premier access for free. How much does United charge for priority boarding on a single international flight ?

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