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It is no longer necessary to pay an annual fee for the privilege of holding a
major credit card. In years past, annual fees were the norm for most credit card
companies, but now there are a plethora of no fee credit cards available.
For years, most credit card companies felt that charging you an annual fee in
addition to sky-high interest rates was good business, and with fees as high as
$100 per card, perhaps it was.
But in the late 1990's, a few large banks began waiving the fees for their best
customers which led to a domino effect - most banks now offer cards where their
money is made primarily from the interest.
But there is one caveat when it comes to no annual fee credit cards: no annual
fee doesn't mean no fees at all. Over-the-limit fees, returned check fees and
other miscellaneous charges can still hit you hard in the pocket book, so be
sure to read the terms carefully before you apply.
If you have decent credit, you have many options open to you for choosing a good
no annual fee credit card. For example, these banks offer no fee cards with
below average interest rates:
You can also check with the local banks in your area. Chances are the bank you
currently do business with offers a no fee credit card. If not, ask if they will
waive the annual fee on the card you already hold - banks can and will waive the
annual fee when asked to do so by good customers.
And don't forget that you can find banks offering no fee credit cards all over
the web - simply do a Google
search for "No Annual Fee Credit Cards".
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.Abut the author:
Rick Rouse is the owner of RLROUSE Directory & Informational Services.
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