Chase changes AF refund policy to 30 days

[mmgfarb]

According to DoC, chase had changed their AF refund policy from 60/180 days to 30 days, effective immediately and without any warning. http://www.doctorofcredit.com/chase-makes-no-notice-change-annual-fee-refund-policy/?utm_source=dlvr.it&utm_medium=twitter

[jsk173]

Can't blame them at all. No doubt Chase got hit with a lot of the CSR applicants asking for an AF refund as soon as the points posted.

[mmgfarb]

Can't blame them at all. No doubt Chase got hit with a lot of the CSR applicants asking for an AF refund as soon as the points posted.

I think it's more of just an accumulation of all the people doing it. How many people do you think we're smart enough to know you can cancel and ask for a refund but stupid enough to do it already?

[Freddie]

That stinks. This just cost me $95 because I am right over 30 days and was waiting to close a card as leverage for recon.

[mmgfarb]

That stinks. This just cost me $95 because I am right over 30 days and was waiting to close a card as leverage for recon.

Yep, the annoying part is less that they changed it, that was inevitable, but rather that it was without any prior notice.

[Freddie]

Will they pro-rate? That's not clear in the DoC post.

[mmgfarb]

Will they pro-rate? That's not clear in the DoC post.

They didn't pro-rate before did they? Why would they start now?

[Freddie]

They didn't pro-rate before did they? Why would they start now?

good point.

[jsk173]

I think it's more of just an accumulation of all the people doing it. How many people do you think we're smart enough to know you can cancel and ask for a refund but stupid enough to do it already?

Perhaps, but the timing suggests otherwise. The blogs pushed the CSR like crazy and the AF-refund loophole became much more common knowledge — and much more costly to Chase, what with the cost of the 100,000-point bonus and the lost $450 AF.

[Dan]

That stinks. This just cost me $95 because I am right over 30 days and was waiting to close a card as leverage for recon.

Meh. Did you actually call and ask for a manager?
Can also product downgrade as well for a prorated refund I'd bet.

[MeirS]

That stinks. This just cost me $95 because I am right over 30 days and was waiting to close a card as leverage for recon.

My AF was posted about 1½ months ago. The payment still isn't due.
Does that mean I can't get it refunded?

[mmgfarb]

My AF was posted about 1½ months ago. The payment still isn't due.
Does that mean I can't get it refunded?

TARB but I think the 30 days is from when it posts

[Freddie]

Meh. Did you actually call and ask for a manager?
Can also product downgrade as well for a prorated refund I'd bet.

No, I didn't call. Thanks, I'll give it a shot.

[dpk4588]

Meh. Did you actually call and ask for a manager?
Can also product downgrade as well for a prorated refund I'd bet.

I assume you can't product change the Fairmont to anything, correct?

[rileywiles23]

I assume you can't product change the Fairmont to anything, correct?

Correct.

[chinagel]

reps claiming lowering cl doesnt help anymore, any reason to believe her?

[mmgfarb]

reps claiming lowering cl doesnt help anymore, any reason to believe her?

Doesn't help to approve a new card?

[chinagel]

Doesn't help to waive af

ftfy

[mmgfarb]

ftfy

Oh, why would it not work anymore? It's  a federal law.

[chinagel]

Oh, why would it not work anymore? It's  a federal law.

does the law include if you lowered the cl yourself or was that just a loophole in the system?