What are credit card annual fees?

What are credit card annual fees?

Credit card annual fees are charges that card issuers impose for the use of their credit cards, typically billed yearly.

Why do some credit cards have annual fees while others don't?

Cards with annual fees often offer more rewards, benefits, or lower interest rates, while no-fee cards may have fewer perks.

Can I negotiate my annual fee with the credit card company?

Yes, you can try negotiating your annual fee. Some companies may waive it or offer a lower fee if you ask.

What happens if I don’t pay the annual fee?

If you don't pay the annual fee, your account may be charged a late fee, and it could affect your credit score.

Are there any credit cards with no annual fees that still offer rewards?

Yes, many credit cards offer rewards without an annual fee. It's worth comparing options to find the best fit for you.