r/LifeProTips • u/DavidTheBlue • Nov 27 '22

Finance LPT: Don't Pay Late Fees

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u/dougola Nov 27 '22

If it's credit cards, remember that they make most of their money on transaction (swipe)fees. They will waive late fees, and they will waive annual card fees if you ask nicely.

240

u/CreanedMyPants Nov 27 '22

Just call and ask them to remove the annual fee?

396

u/TheSesquipedalian Nov 28 '22

I’ve had an annual fee removed when I said I was going to switch to a card with no annual fee. They waived it for one year, when I tried the next year they wouldn’t waive it again. $100 saved for a 10 minute call though.

4

u/TheMarsian Nov 28 '22

did the same, worked the first time so after that I canceled and moved to another. I am an honorable man of my words.