KELLY22
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| Credit Cards Yearly Fees |
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You know what I don't get is why people pay these yearly fees. I mean if you look around there are other credit cards that don't charge these fees. Of course lately alot of the ones I have been seeing are all starting to charge the fee though.
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Thu Sep 06, 2007 2:43 pm |
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pf101
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I'm also not a fan of the annual fee, but sometimes it makes sense.
For example, a friend of mine has a united airlines credit card. By using this card he gets extra FF miles, upgrades, etc. All told, he usually generates about 150,000 miles/year between charging and flying, many of those due to his use of his UA credit card. This is he equivalent of 2 tickets to Africa. I think that's worth paying $50/year. 
But for people who don't fly that often or who don't get that much use out of their rewards program, there are usually better, free cards that they can get. Honestly though, many people don't even realize they're paying an annual fee. Sad but true.
Personal Finance 101
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Wed Sep 12, 2007 10:17 pm |
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dstern
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people who have bad credit may not have a choice but to take a card that charges these yearly fees 
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Fri Sep 14, 2007 10:02 pm |
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William Richardson
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| Hi |
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you can also cancel the credit card which you are holding at present and go for the bank which offer annual rent free credit card. i do hold such card only. mine is Citi bank credit card, the service is also good. one thing i am sure, we have to pay our credit bill in correct period to enjoy the best service.
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Thu Oct 25, 2007 10:59 am |
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s.jenkins
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wow! this is really helpful stuff, though i'm not the one who started the thread.
anyway, i usually ask friends regarding credit card offers and rewards or go to sites like financeglobe.
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Mon Mar 03, 2008 6:35 am |
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s.jenkins
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i look for cards that ask for reasonable fees and temper it with good rewards. i use friends' feedback and some sites like financeglobe to check on these.
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Mon Mar 03, 2008 6:49 am |
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yoonoo
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Sometimes people has no choice but to apply for a card that has a annual fees because that card are the only one that will approve their application.
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Wed Jun 11, 2008 2:04 am |
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moneysaver
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Unfortunatly with bad credit there is little alternative to these hefty fees
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Mon Sep 15, 2008 3:58 pm |
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moneysaver
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the crdit card market is so competitive now that there really isn't any need to pay annual fees. There are plenty of free card available
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Wed Oct 01, 2008 3:47 pm |
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bijan814
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don't get credit cards with fees unless you have poor score then you don't have a choice
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Mon Jan 05, 2009 7:27 am |
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maku
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refuse all annual fee, save it for other
based on my experienced my credit card issuer always give me free annual fee if i ask or told them that i want to close my account and even sometimes they offer me extra cash back or discount on my billing.
its really works...try it
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Mon Feb 09, 2009 9:39 am |
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saihemanta
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quote:
Originally posted by maku
refuse all annual fee, save it for other
based on my experienced my credit card issuer always give me free annual fee if i ask or told them that i want to close my account and even sometimes they offer me extra cash back or discount on my billing.
its really works...try it
Ya i agree with you there are various bank who provide free credit card with no annual fee
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Wed Feb 25, 2009 9:57 am |
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littleroc02us
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Stop using credit cards and use cash to save up and pay for wants and needs.
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Thu Feb 26, 2009 4:44 pm |
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JoeDuggins
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| You Don't Need A Credit Card to Live |
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Credit card debt is the most common kind of debt that people have. It's the reason that more people file bankruptcy and face collections than ever before, and it gets a really bad reputation. In reality, the fault is on the consumer, and not the credit card, for not using credit responsibly, but too many people don't see it like that. Don't take this as a personal attack, but if you have credit card debt, don't blame anyone else. Take responsibility for your situation and pay off your debts like you are supposed to. If you don't get a hold on it while you can, it can quickly spiral out of control with over limit fees, late fees, and interest charges.
Before you know it, a $2,000 credit card could end up costing you more than $4,000 if you don't keep up on the payments. It's hard to come up with the money to make credit card payments when money is tight and there are so many things to take care of like house payments and car payments. However, if you scale back on your lifestyle, you can easily get some extra cash. Many people don't realize how much they spend in a day or a week on things they don't need. If you get coffee every morning on your way to work, start making coffee at home. That $2 or $3 that you'll save can easily add up to $40 or $60 a month, which can go towards your credit card debt.
Doing little things to cut back on excessive spending can create a lot of extra income to help you stay on top of credit cards. Maybe you were irresponsible in the past, but now is the time to step up and take control before things get out of hand. Don't let your credit card debt get the best of you, especially since you don't have to. Let's say you go out to lunch twice a week, and you go out to dinner or get takeout 2-3 times a week. Cooking can be a lot of work after a long day, and packing your lunch might not seem as appealing as having lunch with friends, but the money you save ($20 on 2 lunches and let's say $40 on takeout dinners or eating out) in one week can definitely help out.
If you're over-extended already and living minimally, call your creditors and work out reduced payments or a plan to get back on track. If you ask for it, they will help.
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Sat Sep 19, 2009 3:58 am |
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