2011 Credit Card Fees Survey
credit cards
Strategies to avoid credit card fees

Check for annual fees
Next
2 of 6
Back
Couple using a laptop computer

For a while, this fee was primarily seen attached to credit cards co-branded with an airline's loyalty program, but issuers are beginning to bring it back for more generic cards. For instance, Bank of America has begun assessing a $59 annual fee for some of its credit card holders, the same amount that Capital One charges for its Venture Rewards card. While the fee might be offset by the benefits -- some travel rewards credit cards will reimburse you for checked-bag fees on airlines -- which may make the fee justifiable if you travel often.

Of course, it's easy just to avoid an annual fee  when looking for a new credit card by avoiding those cards that charge one. Consider seeking out cards issued by smaller banks or credit unions as well. If a card you've had for a while implements a new annual fee, though, that can be more difficult, but it's worth calling the issuer's customer service department and asking them to waive it for a year.


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
Product Rate Change Last week
Balance Transfer Cards 15.71%  0.01 15.70%
Cash Back Cards 16.36% --0.00 16.36%
Low Interest Cards 10.91% --0.00 10.91%
 
Search
advertisement
CREDIT CARD WEEKLY NEWSLETTER

Get advice for managing credit cards, building your credit history and improving your credit score. Delivered weekly.

advertisement

Blog

Allison Ross

BofA to pay $772 million over credit cards

Bank of America is refunding about $738 million to customers in addition to $45 million in penalties.  ... Read more

Partner Center
advertisement

Connect with us