{"id":12317,"date":"2024-03-31T23:16:02","date_gmt":"2024-03-31T16:16:02","guid":{"rendered":"https:\/\/vietpearltravel.com\/?p=12317"},"modified":"2024-03-31T23:16:02","modified_gmt":"2024-03-31T16:16:02","slug":"what-is-a-no-annual-fee-credit-card","status":"publish","type":"post","link":"https:\/\/vietpearltravel.com\/?p=12317","title":{"rendered":"What is a no-annual-fee credit card?"},"content":{"rendered":"

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A no-annual-fee credit card<\/a> is \u2014 you guessed it \u2014 a credit card that doesn’t include an annual fee. That means you won’t be charged a yearly fee to use the card, so you can enjoy any perks and earnings rates at a minimal cost.<\/p>\n

But why do some cards have annual fees, and is it worth getting a card with an annual fee over a card without one? Keep reading to find out.<\/p>\n

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What is a credit card annual fee?<\/h2>\n

A credit card annual fee<\/a> is a recurring fee that credit card companies charge users to maintain their accounts. It helps issuers cover the cost of card benefits, among other things, and can range from $0 to upward of $500 or more for the most exclusive cards.<\/p>\n

Most lenders charge the fee annually, though some charge a monthly fee instead.<\/p>\n

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Why do some cards have high annual fees?<\/h2>\n

Some premium rewards credit cards have annual fees in the hundreds of dollars, but the cards come with lucrative perks that can make paying the fee worthwhile … if you can take advantage of them. For example, The Platinum Card\u00ae from American Express<\/a><\/span> (see rates and fees<\/a>) charges a yearly fee of $695.<\/p>\n

However, cardholders are eligible to receive hundreds of dollars in travel perks and statement credits<\/a>, not to mention valuable earnings rates and other benefits, which help offset the yearly cost.<\/p>\n

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A pricey card like the Amex Platinum won’t make sense for everyone, but if you’re a frequent traveler who spends thousands of dollars each month, the card could be a valuable addition to your wallet.<\/p>\n

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Types of no-annual-fee credit cards<\/h2>\n

While not as lucrative as the Amex Platinum, many no-annual-fee credit cards offer rewards and other benefits. Here are a few types of no-annual-fee cards you can find on the market:<\/p>\n