Everything has a first.
After using credit cards for many years, first time has my credit card annual fee waiver request rejected. The issuing bank is OCBC, so good riddance OCBC credit card.
As a OCBC Bank shareholder, I am happy that the bank try their best to increase their revenue streams. But as a credit card user, I will not pay the pricy annual fee.
No trouble on my part in cancelling the OCBC credit card, as it is not linked to any GIRO payment. But if one user has installment payment on the credit card, probably he or she would be forced to pay that pricy credit card annual fee.
By the way, I do not have annual fee waiver issues with Citibank, Standard Chartered Bank and Bank of China.