What is a Credit Card Annual Fee?

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What is a Credit Card Annual Fee?

A credit card annual fee is a fee that is charged automatically once a year to your credit card account for having the convenience of using a credit card.

Cards with an Annual Fee

Not all credit cards charge an annual fee. Credit cards that is more likely to have annual fees include premium credit cards, reward credit cards and secured credit cards.

An annual fee then increases the cost of having a credit card, so if you are being charged an annual – Read more

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