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5 strategies to avoid credit card fees

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1. Annual fees
1. Annual fees | Ana Blazic Pavlovic/Shutterstock.com

1. Annual fees

At one time, these fees primarily hit consumers holding airline credit cards, but now they're seen with some generic cards, too. Annual fees might be offset by benefits --for example, travel rewards credit cards sometimes reimburse what you pay to check a bag with an airline, and that may make up for the fee if you travel often.

But it's easy just to avoid an annual feewhen looking for a new credit card bysteering clear of cardsthat charge one. You might seek out cards issued by smaller banks or credit unions. If a card you've had for a while implements a new annual fee, it's worth calling the issuer's customer service department and asking them to waive it for a year.

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Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.

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