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Established Contributor
corymcd88
Posts: 800
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 - 3,300/6,000, JCP / GECRB - 1,000, Dillard's / GECRB - 3,000, Amazon / GECRB - 1,500, Chevron / GECRB - 1,000, Belk / GECRB - 3,000, Aeromexico Visa / US Bank - 300, Capital One - 375/1,700, Bank Of America 123 Cash Back - 2,500, Wells Fargo - 300, AMEX ZYNC - NPSL, AMEX Gold Card - NPSL, AMEX Hiltin HHoners - 2,000, USAA AMEX - 250.
Frequent Contributor
ilovelisa
Posts: 360
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: 1,673
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: 2,172
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 735 Discover 9/5/13 Walmart TU 730 EX FICO 726 Amex Pull(1/1/13)

Starting total revolving credit: $2600 | Current total revolving credit: 31k+

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Frequent Contributor
ilovelisa
Posts: 360
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: 1,524
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 Credit Card App: 11/16/13
Valued Contributor
nicholasyud
Posts: 1,734
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, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 9k| Amex: NSPL|Dis: 3.4k|Cap: 3.5k|CAP: 2k|CSP: 5k| Pen:4.5k

Frequent Contributor
ilovelisa
Posts: 360
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

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