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Credit card annual fee


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#1 Becca13

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Posted 19 September 2011 - 10:43 AM

I just got my credit card statement and the annual fee has gone through, totalling $160 blink.gif
This just seems to have gotten ridiculous wacko.gif
I'm going to ring them and see if the fee can be reduced, it seems like it's gone up alot.
Anybody had any success with any banks regarding this?
If they won't reduce it i'm probably going to close it and change over.

#2 bluenomi

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Posted 19 September 2011 - 11:48 AM

Mine got taken off my card after they stuffed up and told me it didn't have one when I got the card. After a year I got hit with one, so I rang up, complained and I've never had it again. They also gave me a perment reduction on the interest rate. Needless to say after 8 years I'm not ever getting rid of this card!
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#3 lizzums

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Posted 19 September 2011 - 01:30 PM

If you tell them you want to cancel the account they will generally wipe the fee. When working in the bank if someone wanted this fee gone etc we would tell them that we couldnt do it at branch (which we couldnt) but to call and let them know you want the card cancelled.
They would rather cut the fee than loose the interest.

#4 crisis

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Posted 19 September 2011 - 04:42 PM

QUOTE(Lizzums @ Sep 19 2011, 01:30 PM) View Post

If you tell them you want to cancel the account they will generally wipe the fee. When working in the bank if someone wanted this fee gone etc we would tell them that we couldnt do it at branch (which we couldnt) but to call and let them know you want the card cancelled.
They would rather cut the fee than loose the interest.


Same here, though hubby normally does it since I don't have the guts to negotiate like that tongue.gif We've managed to have the fee waived two years in a row, though I doubt they'll give it to us again this year.
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#5 chelley

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Posted 19 September 2011 - 05:04 PM

It's the one thing I hate about our AMEX. The fee to have one each year is ridiculous
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#6 em2007

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Posted 19 September 2011 - 08:04 PM

QUOTE(chelley @ Sep 19 2011, 05:04 PM) View Post

It's the one thing I hate about our AMEX. The fee to have one each year is ridiculous



Yeah, the fee for our mastercard/AMEX account is high - but we more than cover it with reward points. If we chose to have a non reward mastercard it could be fee free.

I wonder if they will waive the fee on an account that has rewards?

#7 crisis

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Posted 19 September 2011 - 08:13 PM

QUOTE(~Melissa~ @ Sep 19 2011, 08:04 PM) View Post

I wonder if they will waive the fee on an account that has rewards?


Yes they do. We have a Mastcard/Amex reward card with Westpac and they waived ours.
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#8 Becca13

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Posted 20 September 2011 - 10:13 AM

So I rang them and they told me to change the account over to my DH's name as we are on a package at the bank and entitled to a no annual fee card but there are still charges of $110 per year dry.gif at no stage did they offer to waive any fee.
On the upside the card they're telling us to get does have a better point program.
Or I could just go completely the other way and start using my staff card that my ex-employer never changed over to a normal account laugh.gif except it's with another bank and I like to see everything on one internet banking...


#9 Lizzy108

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Posted 06 June 2014 - 04:53 AM

That is just ridiculous!




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