What is a Credit Card Annual Fee?

Posted by Peter Brady on Fri 18th August 2006 at 07:00 AM, Filed in Credit TipsGlossary

Annual fees are the annual cost of membership to a particular credit card account. Nowadays, savage competition has forced most credit card companies to produce offers that omit annual fees. However, some fee based cards remain, so keep your eyes peeled.

If you’ve been with the same credit card for some time it might be worth checking your terms and conditions to see if you’re paying an annual fee. If so you will almost certainly be able to find a better deal elsewhere.

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