Amex card - annual fee hike

[Lakeside1]

Hi all,

I have a BA Amex card for which there was an annual fee of £30. I could stomach this as the primary purpose of the card was to earn BA airmiles; however I've received a letter today saying the annual fee has increased to a staggering £150! This makes it very much NOT worth continuing with.

The problem I have is there is a balance of about £1500 currently sat on it - not massive, but more than I can afford to write a cheque for right now. I know you can reject interest rate increases and pay off the balance at the existing rate - but my question is; can you 'reject' other changes in the t&cs (i.e. annual fees) in the same way?

Many thanks

Lakeside

[Never-In-Doubt]

Re: Amex card - annual fee hike

You can reject this and close the account. Request a repayment account based on ur refusal to accept the change in terms.

You're entitled to invoke such but you close the credit facility of the account in doing so.

[Never-In-Doubt]

Re: Amex card - annual fee hike

ps annual fee is a change in terms, as is interest rate hike. You are entitled to refuse ANY change in terms that you want.

[Lakeside1]

Re: Amex card - annual fee hike

Thanks Niddy.

Quality, as always.