Unfortunately, no. In order to have the setup fee waived, you must make a commitment to a year up-front, which cannot be refunded.
However, your positive credit will remain should you decide to re-open the account or apply it to other services (ie. domain registration, which people often keep with us even if their hosting goes elsewhere).
You can also have us apply it to another Web ID, if you'd like.
- Jeff @ DreamHost
- DH Discussion Forum Admin