Is Your Credit Card Annual Fee Worth It?

Some card details on this page may be out of date. Credit card annual fees add an additional expense, but if you're getting high value from your card, it's usually worth paying. Whether it's a travel credit card or a rewards credit card, annual fee cards often provide better benefits and higher reward rates than cards without an annual fee. A credit card's annual fee is a recurring charge billed once a year -- typically either at the time of year when your account was opened or on the last day of the month when you were approved for the card. They range from under $50 for a basic cash-back or credit-builder card to upward of $600 and beyond for premium credit cards with luxury perks. Here's what you need to know before choosing a credit card with an annual fee. Why would you want a credit card with an annual fee? Credit card annual fees usually translate to better rewards and perks. For example, travel credit cards with higher annual fees tend to have more valuable benefits, incl ... Read full article.