annual fees ?

[Jaylima91]

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@09Lexie wrote:

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@Jaylima91 wrote:

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@09Lexie wrote:

Hmmm, let's see between DH and I:

1. Ritz $395
2. CSP $95 x 2 ( one waived first year)
3. UMEP $95
4. AMEX PRG $175
5. AMEX BCP$75 x2
6. AMEX Delta Plat $195
7. AMEX Plat $450 ( currently waived first year) 
8. AMEX TE $55 ( really 0 Costco membership) 

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If you don't mind me asking, how did you get first year AF waived for Amex Plat?

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Sign up bonus  - Ameriprise

http://ficoforums.myfico.com/t5/Credit-Cards/Ameriprise-Amex-Platinum/m-p/3311972#M920997

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Oh, I guess you can only get that offer as an Amerprise member.

[Anonymous]

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@Jaylima91 wrote:

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@09Lexie wrote:

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@Jaylima91 wrote:

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@09Lexie wrote:

Hmmm, let's see between DH and I:

1. Ritz $395
2. CSP $95 x 2 ( one waived first year)
3. UMEP $95
4. AMEX PRG $175
5. AMEX BCP$75 x2
6. AMEX Delta Plat $195
7. AMEX Plat $450 ( currently waived first year) 
8. AMEX TE $55 ( really 0 Costco membership) 

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If you don't mind me asking, how did you get first year AF waived for Amex Plat?

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Sign up bonus  - Ameriprise

http://ficoforums.myfico.com/t5/Credit-Cards/Ameriprise-Amex-Platinum/m-p/3311972#M920997

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Oh, I guess you can only get that offer as an Amerprise member.

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That's the official word on the T&Cs but I know of plenty of people who are not Ameriprise members and are able to get the card

[Man-Of-Steel]

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@Anonymous wrote:
Nothing! I have no annual fee cards.

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^^^This.  I'm very much against AF cards unless they are providing a benefit that will exceed the fee.  This is the reason I closed 2 older Capital One cards last year.  One of the cards was originally an Orchard Bank card with a $59 AF.  I could never get Orchard Bank or Capital One to waive the fee.   The other card was an original Capital One card with a $750 CL and a $39 AF.  I couldn't get Capital One to waive that fee either, even when they knew I was getting ready to close each account.  This was before I knew anything about the EO.  On the flip side, when I found out about the EO, they helped get me approved for the Quicksilver card for excellent credit, when I don't really have excellent credit yet. 

[joedtx]

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@09Lexie wrote:

Hmmm, let's see between DH and I:

1. Ritz $395
2. CSP $95 x 2 ( one waived first year)
3. UMEP $95
4. AMEX PRG $175
5. AMEX BCP$75 x2
6. AMEX Delta Plat $195
7. AMEX Plat $450 ( currently waived first year) 
8. AMEX TE $55 ( really 0 Costco membership) 

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Wow thats $1705.00 USD / 22,553.31 MX Pesos / 182,833.12 JP Yen / 3995.16 BR Real / 104,013.53 IN Rupee in Annual Fees   Wow!!!!! Mod's are bankin' it!

[Exonumist]

I currently have four cards with annual fees. I will keep the Platinum and CSP, but the other two will likely either be downgraded or canceled. A lot of people don't like AFs and I understand why, but sometimes they are absolutely worth it.

AMEX Platinum $450 (First year waived)

Chase Ink Plus $95 (First year waived will cancel or downgrade)

Chase Sapphire Preferred $95 (First year waived)

Wells Fargo Propel World AMEX $175 (First year waived likely to cancel or downgrade)

[Anonymous]

The only card I currently have with an AF is my CSP. Not sure if I'll keep it or downgrade it in the long run. I can put enough spend on it to break even at a minimum, so I'm not sure if it's worth the AF now that I've collected on my sign-up bonuses. I sort of dislike the idea of PC'ing away from it only because it seems like it's slightly harder to get than other Chase cards, but maybe it's just my delusion.

[MissMoni223]

I pay NOTHING for Annual Fees!!!

[longtimelurker]

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@Exonumist wrote:

A lot of people don't like AFs and I understand why, but sometimes they are absolutely worth it.

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+1.   The annual fee just needs to be taken into account as a factor in assessing the value of the card.   Basically, if:

Expected Benefits - AF is a) positive and b) greater than others cards you can reasonably expect to get, it makes total sense.    I think some people think "Why pay for something I can get for free?" and while there are AF cards that are worse than worthless (offering the same benefit as free one) there are others that are much more valuable.

But when people "boast" that they have no cards that have an AF, that just means that they do not have, or do not need, some of the high value cards.

[takeshi74]

$265.  Those that are avoiding AF's really should consider total cost/benefit for your specific situation versus simply AF/no AF.

As an example, I may pay $265 but rewards are much more than those AF's -- over $2,500 so far this year and that's without making the best use of some of my UR points,

[dilettante]

JPM Palladium - $595 + 198 (AU's)

JPM Ritz - $395

Citi AA Ex - $450

Citi Prestige - $450 + $50 (AU)

Amex Plat - $450 + $175 (AU's)

Amex SPG - $65

Barclay Arrival+ - $89

BofA Alaska Air - $75

I do get full value out of all these cards whether through airline reimbursements, lounge memberships, hotel programs like FHR & GHA, hotel chain status, Amex International Airline Program, companion passes, transfer partners, and of course the sign up bonuses