Reply
Established Contributor
corymcd88
Posts: 510
Registered: ‎12-12-2011

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.

Walmart / GECRB - 1,900/1,800, JCP / GECRB - 1,300, Dillard's / GECRB - 1,000, Amazon / GECRB - 1,700, Chevron / GECRB - 1,300, Belk / GECRB - 1,563, QVC / GECRB - 700, US Bank - 300, Credit One - 750, Capital One - 375/500, Bank Of America 123 Cash Back - 300, Wells Fargo - 300, AMEX ZYNC - NPSL ($2,500), USAA AMEX - 250, PenFed Personal Loan - 250, PenFed Personal Loan - 400.
Regular Contributor
ilovelisa
Posts: 233
Registered: ‎12-07-2012

Re: Annual Fees on cards!!

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

Valued Contributor
bs6054
Posts: 1,671
Registered: ‎11-11-2012

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!

Valued Contributor
creditnocash
Posts: 1,918
Registered: ‎07-23-2012

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: EQ FICO 690, TU FICO 692, Walmart TU 737 EX FICO 726 Amex Pull(1/1/13)

Starting total revolving credit: $2600 | Current total revolving credit: $21,600

Inquiries (12 Months): EQ 6 TU 4 EX 5 | Most Recent: 8/30/2012


2013 Goals:
Freedom Signature
Costco:True Earnings

Amex Zync(Unicorn)
Chase Freedom$1500
Citizens Mastercard$5000
Regular Contributor
ilovelisa
Posts: 233
Registered: ‎12-07-2012

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. 

Established Contributor
Cadillac-XTS
Posts: 1,837
Registered: ‎08-20-2012

Re: Annual Fees on cards!!

+1

Valued Contributor
chnceit
Posts: 1,198
Registered: ‎08-17-2008

Re: Annual Fees on cards!!

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


$100K in Credit
Last App: 01/09/13
Valued Contributor
nicholasyud
Posts: 1,589
Registered: ‎08-13-2012

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
Goal Score: 800


Walmart: 10k | Usaa: 4k | BCE: 3k | Amex Green: NSPL | Cap: 2k | Disco: 1.7k | ORchar: 0.4k

Regular Contributor
ilovelisa
Posts: 233
Registered: ‎12-07-2012

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.

Contributor
VWTUNER
Posts: 75
Registered: ‎11-12-2012

Re: Annual Fees on cards!!

really $1200? 

current cards
WM store
Cap1 platinum
WF secured
Amazon Chase :smileyhappy:
Gardening since 12/20/2012

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
www.myfico.com is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+