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Annual Fees on cards!!

Valued Contributor

Annual Fees on cards!!

Banks are very strict on removing or waiving the AF. My bank of America Cash $32AF and Wells Fargo $25AF. Well two cards are being closed soon.

Message 1 of 56
55 REPLIES
Established Contributor

Re: Annual Fees on cards!!

There is no card out there I would be willing to pay an annual fee on.

Amex BCE $10,000 | BofA Power Rewards WMC $10,000 | Discover It $10,000 | ICBC Preferred Gold UnionPay $8,000 | Local CU Visa $3,500
Message 2 of 56
Valued Contributor

Re: Annual Fees on cards!!


ilovelisa wrote:

There is no card out there I would be willing to pay an annual fee on.


That might be true for you, but obviously for some there are cards where it makes perfect sense to pay an annual fee (e.g. BCP last year, if you know that the grocery spend is big, this was a no brainer.  For $75, I got $1200 back, or about $800 more than using another card.)

 

But as always of course before paying a fee, determine if the benefits are worthwhile to you!

Message 3 of 56
Valued Contributor

Re: Annual Fees on cards!!

in 2 years of history i havent paid any af. 

aside from my zync that will be due in september. ughh oh well. 

worth the backdating. 

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$7,400
Citi DC $10,000
Citizens Mastercard$7,000
Message 4 of 56
Established Contributor

Re: Annual Fees on cards!!


bs6054 wrote:

ilovelisa wrote:

There is no card out there I would be willing to pay an annual fee on.


That might be true for you, but obviously for some there are cards where it makes perfect sense to pay an annual fee (e.g. BCP last year, if you know that the grocery spend is big, this was a no brainer.  For $75, I got $1200 back, or about $800 more than using another card.)

 

But as always of course before paying a fee, determine if the benefits are worthwhile to you!


Geeez, how did you get back $1200, you must spend ALOT on groceries. 

Amex BCE $10,000 | BofA Power Rewards WMC $10,000 | Discover It $10,000 | ICBC Preferred Gold UnionPay $8,000 | Local CU Visa $3,500
Message 5 of 56
Established Contributor

Re: Annual Fees on cards!!

+1

Message 6 of 56
Valued Contributor

Re: Annual Fees on cards!!

Most AF's are associated with rewards and some AF's are worth it IMO


Last Pulled EQ: 809
Last Credit Card App: 02/05/2016
Last CLI: 02/06/2016
Find Me: Gardening
Message 7 of 56
Valued Contributor

Re: Annual Fees on cards!!


bs6054 wrote:

ilovelisa wrote:

There is no card out there I would be willing to pay an annual fee on.


That might be true for you, but obviously for some there are cards where it makes perfect sense to pay an annual fee (e.g. BCP last year, if you know that the grocery spend is big, this was a no brainer.  For $75, I got $1200 back, or about $800 more than using another card.)

 

But as always of course before paying a fee, determine if the benefits are worthwhile to you!


You eat 5 meals a day ??? lol.......jk

It's a lot of cash back you earn last year buddie


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Message 8 of 56
Established Contributor

Re: Annual Fees on cards!!


chnceit wrote:

Most AF's are associated with rewards and some AF's are worth it IMO


Some, but certainly not cards like CapOne platinum, no rewards, with a $19 AF, and other cards like that.

Amex BCE $10,000 | BofA Power Rewards WMC $10,000 | Discover It $10,000 | ICBC Preferred Gold UnionPay $8,000 | Local CU Visa $3,500
Message 9 of 56
Contributor

Re: Annual Fees on cards!!

really $1200? 

current cards
WM store
Cap1 platinum
WF secured
Amazon Chase Smiley Happy
Gardening since 12/20/2012
Message 10 of 56