Does A Credit Card Always Charge An Annual Fee?

April 1, 2024 By: Stephanie H. - CreditMonarch Online Writer01 comments

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Looking into applying for a credit card? Do you see the words annual fee when looking to apply? Well, what is an annual fee actually? An annual fee is the price a cardholder must pay to maintain ownership of a credit card. The payment is made annually, usually on the date when the card was initially issued to you.

Card issuers often charge an annual fee for their cards to cover the expenses of the many perks and benefits they offer. The perks offered by a card may not be worth the money, just because it offers many. Before applying for a credit card with an annual fee, make sure that the benefits you hope to gain are worth the cost.

Does a credit card charge an annual fee? Yes, some credit cards do charge an annual fee, but not all credit cards do. We have selected in the list below these great annual free credit cards just for you. You don’t have to worry about paying an annual fee with these credit cards. Not only that, but each credit card has their own perks.

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• No annual fee