Yes, American Express does refund annual fees, as long as cardholders cancel their account within 30 days of when the fee is assessed. It’s sometimes possible to get a American Express annual fee refunded due to financial hardshiptoo. Otherwise, if you try to get a refund on your annual fee after 30 days, American Express will not offer you any full or prorated refund. At that point, you might as well keep the card open to take advantage of the benefits until it’s time to pay another annual fee.
How to Get a American Express Annual Fee Refund
- Call credit card customer service at 1-800-528-4800 within 30 days of the fee being charged.
- Ask the representative to cancel your account.
- Request a refund for the annual fee.
- Receive the refunded fee as a credit or check.
If you decide to cancel your American Express card to get a refund on the annual fee, make sure to pay your balance in full and redeem any credit card rewards you have saved up before you cancel the account. You should also use WalletHub’s free credit score simulator to see how this move might affect your credit score.
This answer was last updated on 04/29/24 and it was first published on 04/09/24. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
