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rated:
Old thread is archived https://www.fatwallet.com/forums/finance/1447024

From original thread, "If you simply lower your credit line to $1500 (or less) Chase will automatically refund your AF of $395 but you get to keep the card and benefits. This occurs because by law a CC company's AF cannot be more than 25% of the credit line. Lower your CL by SM (don't call) and then do nothing. The fee will be credited to your acct within 5 days. The refund is likely computerized so Chase stays within compliance so again I strongly recommend against calling."

My credit limit is $1,105 so Chase (Ritz Carlton) had previously waived the annual fee.  I was just charged $395.  Has anybody else noticed this annual fee?  Do you think it will be waived later or should I ask Chase to waive it?

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rated:
they fixed the loophole on Feb 1 of this year. and since then everyone (incl Me) has been charged the $395 AF. No workarounds to skip the AF anyfurther ... you either keep the card or cancel the card.
Because this doesn't apply to 2nd year onwards....

rated:
Yeah, it was only for the first AF.

rated:
Thanks. Might try to use all travel credits and then cancel. Have hard time justifying $400 annual fees.

rated:
I believe that this should have only worked for the first year.

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