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

When the government placed heavy restrictions on credit card policies in 2009, an effort to better protect the consumer financially, credit card companies had to become more creative in making their money. The days of double fees, underage clients, and unfair interest rate increases were over for them. But, new, less obvious methods of making back that lost revenue evolved.

Today there are a number of reasons why a credit card company will not charge an annual fee but most often it's used to draw in a customer. Annual fees are often waved for the first year or longer and credit card companies make every effort to make that back as quickly as possible. Below are several ways credit card companies work to draw you in and then make money off your business:

Any time you're opening a new credit card account, you should look at several offers and do the math on which one is the best for your spending needs. If you plan on maintaining a bigger balance you may save money with a credit card that charges a small annual fee but offers a lower fixed interest rate.

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No Annual Fee Credit Cards In The News

The Worst Credit Cards for Fees in 2018, Plus One No-Fee Credit Card

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Published:  Thu, 18 Oct 2018 02:38:00 GMT

Top Benefits Of Credit Cards

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The AmEx Business Gold comes with compelling rewards and benefits - we break down whether they are worth a $175 annual fee

there is no interest. If you activate the Pay Over Time feature, which turns it into a credit card, the current APR is 20.24% and can change at any time with market rates. If you pay late, the penalty ...

Published:  Wed, 17 Oct 2018 14:06:00 GMT

This Credit Card Is Perfect for Entrepreneurs, With No Annual Fee and Big Cash Back Rewards

We've included affiliate links in this article. See our advertiser disclosure to learn what those are. This is an exciting time to be a small business owner: The economy is chugging along, with ...

Published:  Thu, 18 Oct 2018 07:25:00 GMT

Credit card gas rewards fuel bigger savings at gas pump. Here's how to take advantage

Look for credit cards that offer bonus rewards on not only gas but other ... Example: The PenFed Platinum Rewards Visa Signature Card, with no annual fee, offers a generous 5 points per dollar spent, ...

Published:  Wed, 10 Oct 2018 07:11:00 GMT

Putting plastic surgery on your plastic Avoid these credit card complications

Borrow wisely with these tips: Minimize costs. Seek a card with a long introductory 0% APR period - say, 18 months or longer - and no annual fee. Pay on time, every time. Read the terms. Medical credi...

Published:  Mon, 15 Oct 2018 04:14:00 GMT

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