Good morning everyone, happy Friday! As part of my “Keep, Cancel or Convert?” series, I like to evaluate and reevaluate credit cards to make sure they still deserve a spot in my wallet (or credit card drawer). For today’s post, I was reviewing my Chase credit cards and noticed that the $95 annual fee posted to my Chase Marriott Bonvoy Boundless Credit Card. I have had this credit card in various forms over the last few years, starting with the $395 JPMorgan Chase Ritz Carlton Visa Infinite Credit Card, then to the $85 Chase Marriott Rewards Premier Credit Card, then to the $95 Chase Marriott Rewards Premier Plus Credit Card, and now the $95 Chase Marriott Bonvoy Boundless Credit Card. Hopefully that all made sense to you.
Even though I do not love Marriott Bonvoy (even more so after the upcoming Peak and Off-Peak pricing goes into effect), I have continued to keep this credit card for the free night certificate. I can usually get $150-$200 of value from the Marriott Bonvoy 35K Free Night Certificate. I always call when an annual fee posts and ask the credit card company to waive the annual fee (a really long shot), provide a partial statement credit (occasionally), or provide a targeted retention offer (sometimes). If you do not ask, you have a 0% chance of success – the worst they can say is no. So, what did I get offered and what I learn from the call?
As a refresher, here are the benefits of the Chase Marriott Bonvoy Boundless Credit Card. Basically you earn 6x at Marriott Bonvoy hotels and a Marriott Marriott Bonvoy 35K Free Night Certificate. The other benefits do not matter to me.
When I called Chase, I stated that the $95 annual fee just posted and that I was concerned about the upcoming changes to Peak and Off-Peak pricing and I wasn’t sure if I was going to keep the credit card going forward. I asked the rep if she could waive the annual fee – she could not – and I asked if there were any targeted spending offers – there were none. Her only solution was to tell me about the Chase Marriott Bonvoy Bold Credit Card. This credit card has no annual fee and no foreign exchange fees but does not include a Free Night Certificate.
I told her that the Marriott Bonvoy 35K Free Night Certificate was really important to me, so I would keep my Chase Marriott Bonvoy Boundless Credit Card open. She said that I had 30 days from the date the annual fee posted (September 1) to downgrade to the no annual fee Chase Marriott Bonvoy Bold Credit Card and get a full refund on the annual fee. If I downgraded within the first 60 days, Chase would provide a prorated annual fee refund. If I downgraded after 60 days, I would not get any prorated annual fee.