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
Advertiser Disclosure
Advertiser Disclosure

The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where and in what order products appear. This table does not include all companies or all available products.

          Connect with us
Product Rate Change Last week
Balance Transfer Cards 15.77%  0.06 15.71%
Cash Back Cards 16.48%  0.07 16.41%
Low Interest Cards 10.96%  0.10 10.86%
 
Search
advertisement
CARDS WEEKLY NEWSLETTER
Credit cards on a table

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

advertisement

Credit Card Blog

Jeanine Skowronski

Citi launches cash-back card

The bank is out with a new cash back credit card that rewards consumers for paying down their balances.  ... Read more

Partner Center
advertisement

Connect with us