There’s no guarantee that an issuer will give you a credit card annual fee waiver, but it never hurts to ask.
- Call your credit card’s toll-free number and ask if they’ll waive your annual fee. Highlight your positive payment history and tell them you’d like to remain a customer.
- Ask the credit card issuer to match a competitor’s offer. Many credit cards have similar benefits and features. If you find a no-annual-fee credit card that’s comparable to your card, ask your card’s customer service department if they can waive the fee in exchange for you keeping your card.
- Inquire about military benefits. For cardholders who are active duty military members, your credit card issuer may offer you benefits in addition to those given under the Servicemembers Civil Relief Act (SCRA).