March 23, 2018

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Credit Card Fees

The No Annual Fee Credit Card Advantage

When a No Annual Fee Credit Card Doesn't Save You Money


Top Consumer Reviews Articles provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

The No Annual Fee Credit Card Advantage

If you're currently shopping around for credit cards you may be considering which one is the right one for you. With so many credit card offers to choose from it can be confusing and frustrating. Should you go with the low interest rate card, a cash reward or one that provides movie certificates and airline tickets?

The first place to start, when choosing a new credit card, is look at your spending history. If you are a conservative credit card spender and mainly use it for large purchases, occasional travel or a potential emergency you can be classified as a conservative credit card user. These are consumers that won't benefit from credit card rewards or other perks geared for those frequent credit card users if a steep annual fee goes along with the credit card. When a low interest rate and travel points don't entice you, a no annual fee credit card might be a good choice.

It's also important to factor in your finances and if you'll maintain a credit card balance should you charge that annual trip to the beach, make a large purchase or have any emergencies arise. Weighing the cost of utilizing a no annual fee card with a higher interest rate against a card with a lower interest rate but a $50 annual fee is smart financial planning. We all like to say we won't use our credit cards but if your budget is currently pretty tight you might be pulling out that Visa more often than you like to admit. If paying only the monthly minimum card each month is your short term future than honestly the interest rate should be the larger driver.

Once you identify your realistic spending trends and how much you'll be able to pay off each month you are in the right place to choose the credit card for you. But with any card you choose, look very closely at the annual fees, any application fees and late fees associated with payments that come after the due date. For interest rates look closely at the current interest rate and if that is introductory or fixed. Also read closely on what will trigger an interest rate increase. If you've decided that a reward card is a good fit, then consider how those reward points are earned and at what rate. Will that rate change in the future and do rewards expire over time.

Overall, no annual fee credit cards have an advantage over those with hefty charges but only when your spending is conservative and you are not interested in cash back or other rewards for frequent spending.

7 Reasons Why The Amex Platinum Is Worth The Annual Fee

This saying is also true for credit cards these days. In general, cards with the lowest annual fees offer the worst points earning ... for free - and unlike with airline lounges there are no fees for guests or upcharges for food and beverage.

Published:  Tue, 20 Mar 2018 13:26:00 GMT

Family Finance: Credit Card Crunch

Don't forget to also research annual fees, late fees and the fine print. When you pull out that credit card ... Here are a few more tips for using those cards wisely: Pay the card off every month. No balance means no expensive interest charges.

Published:  Tue, 20 Mar 2018 07:58:00 GMT

10 Best NO ANNUAL FEE Rewards Credit Cards of March 2018

There are an abundance of no fee rewards credit cards available, so how do you best determine which one to keep in your wallet Most earn a measly 1% on your spending, while others have no rewards at all. To help, we've dug deep into our database of ...

Published:  Tue, 27 Feb 2018 16:00:00 GMT

Credit card costs increase for customers paying with plastic

And for Coles credit card customers with a low rate Mastercard, low rate platinum Mastercard or no annual fee Mastercard their interest-free periods will be wound back from 62 to 55 days from March 5. This means customers have one week less to pay back ...

Published:  Mon, 05 Feb 2018 14:41:46 GMT

UK banning stores from charging debit/credit card & Apple Pay fees starting this month

The new law is applicable both in-store and online and extends to debit cards, credit cards, American Express ... businesses and force them to increase their prices. Reducing the fees associated with Apple Pay should further help its adoption in the ...

Published:  Mon, 01 Jan 2018 16:00:00 GMT

What to Know About Applying for a No-Annual-Fee Credit Card

Fees play a key role in meeting or beating long-term personal financial goals. It's so significant in investing, because high fees can mean several hundred thousand dollars less money over multi-decade periods as charges eat away at returns. No less ...

Published:  Mon, 03 Jul 2017 08:06:00 GMT

Fee Credit Cards Better Than No-Annual Fee Cards For Most Singaporeans: ValuePenguin Analysis

Singaporeans are a financially savvy people. They are always looking for deals and opportunities to save more money. In terms of credit cards, however, "saving" on annual fees may not translate into more economic value. While many consumers are interested ...

Published:  Tue, 30 May 2017 17:10:33 GMT

Best no annual fee credit cards

Our reviews and best card recommendations are based on an objective rating process and are not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising ...

Published:  Tue, 25 Jul 2017 18:00:00 GMT

United Continental : Airlines and Chase Introduce the TravelBank Card, A No Annual Fee Credit Card for Leisure Travelers

"Cash-back credit cards continue to rise in popularity and we noticed an opportunity in this space for United customers - a no annual fee card with compelling travel benefits that rewards in TravelBank cash," said Leslie Gillin, President of Co-Brand ...

Published:  Thu, 08 Jun 2017 21:01:00 GMT

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