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View Full Version : Cancel a credit card with annual fee


Symcor
Nov 25th, 2008, 11:53 PM
I would like to cancel my aerogold visa from CIBC. I renew my annual fee back in September. Do you know if I can cancel the card and have all or partial of the annual fee back?

Thanks

Ovy8
Nov 26th, 2008, 12:09 AM
I wouldn't count on it. You're too late.

movieman
Nov 26th, 2008, 12:12 AM
Amex will refund the unused part of the annual fee, no idea about CIBC.

tng11
Nov 26th, 2008, 12:23 AM
Amex will refund the unused part of the annual fee, no idea about CIBC.

So could one sign up for one of the cards that have bonus point promotions, cancel it, get their refund AND get to keep the points? (Like the 10K Aeroplan I'm seeing on the banners here)

movieman
Nov 26th, 2008, 12:33 AM
So could one sign up for one of the cards that have bonus point promotions, cancel it, get their refund AND get to keep the points?

Good question. I'd imagine that it would depend on how many people do so :). Or there may be some restriction on cancelling in the first year.