Will Annual Fees Be The Offset Of Bonuses?

Discussion in 'Blogstand' started by BoardingArea, Oct 6, 2014.  |  Print Topic

  1. BoardingArea

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    Annual fees are the one aspect of a credit card that we all look to avoid. In fact, to some mile and point collectors, it is as big of a no-no as paying interest or late fees on a card. We have become spoiled by the existence of great sign-up bonuses that included the waiving of the annual fee for the first year. At the end of that first year, we have the moment of reckoning when we determine if we receive enough value from the card to retain it. Annual Fees Credit card annual fees are normally around the $80 – $100 area. There are some that exist on the lower end (like the Amex SPG card with the $65 annual fee) and then cards that are definitely at the higher end (like the Amex Platinum with the whopping $450 fee), but most are at an average of $90. For the longest time, one of the benefits of signing up for a credit card is to have the annual... The post Will Annual Fees Be The Offset Of Bonuses? appeared first on Running with Miles.

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