Good evening everyone, I hope your week is going well. I was just checking my Chase credit card accounts and saw that the $75 annual fee posted on my old Chase Hyatt Credit Card. Effective January 11, 2021, Chase will convert all cardmembers who have the old Chase Hyatt Credit Card to the new $95 annual fee Chase World of Hyatt Credit Card. Since I have never had the new card, I am planning on closing the old card and then applying for the new card to get the sign up bonus. I decided to call Chase to see if they could waive the $75 annual fee anyway, but the rep said no. I told the rep that I would think about it and call back later if I decide to close the card. I plan on calling back in a few days to close the card and transfer my credit limit over to one of my other Chase cards.
Frequent Miler recently wrote about receiving multiple Chase retention offers, so while I was still on the call, I asked the rep to see if they could waive the $49 annual fee on my Chase IHG Rewards Select Credit Card that recently posted. The rep said he could waive half the annual fee and provide a $25 statement credit. I gladly accepted the $25 statement credit and thanked the rep for their help.
For those wondering about the Hyatt category 1-4 free night certificate, that actually posted to my Hyatt account around November 16 and is valid for stays through December 31, 2021. Since the Hyatt free night certificate has already posted to my Hyatt account, I can close my old Chase Hyatt Credit Card without worry – the free night certificate is mine to keep regardless if I have / keep the credit card.
Since my wife currently has the new Chase World of Hyatt Credit Card (and that is the credit card we normally use for Hyatt stays), I will not be losing anything by closing my old Chase Hyatt Credit Card. I am still over 5/24, but I should be under 5/24 in April 2021. At that point, I will consider applying for the new Chase World of Hyatt Credit Card. I do not have any plans to go for Hyatt Globalist Elite Status or spend $4,000 to earn a Hyatt free night certificate (I am still working on meeting minimum spend for 2 other credit cards this month).
If you have any questions about the old Chase Hyatt Credit Card, please leave a comment below. Have a great day everyone!