If the card's annual fee is $80, does that mean you have to pay $80 a year just to use the card?
2007-03-09 08:08:45 · 8 answers · asked by Anonymous in Business & Finance ➔ Credit
yes it does. It's just an annual fee that they charge you just to carry the card even if you don't use it.
2007-03-09 08:11:31 · answer #1 · answered by jtaylor1993 5 · 0⤊ 0⤋
Yes, you have to pay the annual fee just to use the card...
To be honest, there's a ton of credit cards out there with no annual fee. You might want to compare different offers online just to make sure you're getting the best deal. To see a wide variety of cards for comparison, visit:
http://www.asapcreditcard.com
2007-03-09 08:28:09 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Exactly that. Usually, a card that has an annual fee has some sort of perk or benefit, like airline miles. If that perk isn't worth the annual fee to you...change cards.
2007-03-09 11:32:23 · answer #3 · answered by Jason 3 · 0⤊ 0⤋
Yes, that is the fee to have the card. Go to www.bankrate.com and research credit cards. You should be able to find one that you qualify for with no annual fee.
2007-03-09 08:25:57 · answer #4 · answered by Evan B 2 · 0⤊ 0⤋
Thats right the fee will be charged to your credit card and you will be billed to pay it.
But what I do and this depends on how good your credit really is and if the company actually "really" wants your business...I call in and tell them that Im not willing to pay that fee and they can either make an acception it or close the card. They normally make the acception.
2007-03-09 08:22:31 · answer #5 · answered by smile4cobra 3 · 0⤊ 0⤋
The annual fee is whatever is allowed in your state. Thanks to 8 years of republicans in congress that rate is now about twice what it was in 1999.
Generally rates range from $35 to over $200/year depending on the type of card, credit limit and your payment history.
2007-03-09 08:15:41 · answer #6 · answered by fredrick z 5 · 0⤊ 0⤋
Yes
2007-03-09 08:13:16 · answer #7 · answered by hirebookkeeper 6 · 0⤊ 0⤋
its a fee that you pay yearly, but if you call them and tell them to waive it for you, they will.
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http://www.bestcreditrates.net
2007-03-09 10:23:03 · answer #8 · answered by Anonymous · 0⤊ 0⤋