
What’s an annual fee?
An annual fee is what some card companies charge you to have their credit card, regardless if you use it or not. It’s different from your credit line, which is how much is available for you to spend using the card. The annual fee is an additional amount that you’re charged once a year to keep your account open. Pro tip: Some credit cards don’t have an annual fee so make sure to check before you get a new one!
Annual Fee
A credit card’s annual fee is a yearly fee paid to keep the credit card open.
What’s an annual fee?
An annual fee is what some card companies charge you to have their credit card, regardless if you use it or not. It’s different from your credit line, which is how much is available for you to spend using the card. The annual fee is an additional amount that you’re charged once a year to keep your account open. Pro tip: Some credit cards don’t have an annual fee so make sure to check before you get a new one!