Credit Card eZine - News and Articles about Credit Cards
Get even more information on credit cards? Read our Credit Card eZine. The section is regularly updated by our specialists. Learn all the financial tricks. Know the pitfalls and hidden bonuses. Find out how to transfer balances and accumulate points. We will tell you about the latest offers on the market.Get your credit card education and make the most out of your plastic.
Why Paying An Annual Fee For Your Credit Card Is A Good Idea
[November 29th, 2016]
If there’s one thing that’s almost a universal truth among credit card customers, it’s that they hate paying fees. That’s why so many credit cards advertise their no-annual-fee credit cards, hoping to entice folks who are reluctant to pay anything more than they absolutely have to.
But in fact, if you are against paying an annual fee under any circumstances, you could really be missing out. Credit cards that charge annual fees are almost always worth the money. Here’s why: they offer benefits and perks that are worth far more than the measly fee you pay per year for membership.
Here are a few of them:
• Signup bonuses. This is perhaps the biggest perk of a credit card with an annual fee. The signup bonuses are often worth more than the annual fee itself, and can amount to hundreds of dollars in gift cards, round-trip airline tickets, or a weekend in a luxury hotel suite.
• More ways to earn rewards. The higher the annual fee, the more rewards you can earn. Triple points on purchases are not unheard of, and it’s generally much easier to redeem and transfer rewards to get things you really want and can use, like airline miles.
• 24/7 concierge service. You can get help with trip planning, shopping, merchant disputes, or pretty much anything you can think of with this swanky service, available to elite customers at any hour of the day or night. Just call them up with your request, and you’ll be put through to a dedicated concierge line and a specialist who can answer your questions.
• Purchase protection. If you buy something and it’s lost or stolen, or it breaks, or it just doesn’t work, you can have recourse under the terms of your credit card agreement. They will advocate for you and make sure your complaint or problem is handled appropriately.
• Trip insurance. If you plan a trip and something goes amiss, you may be covered if you have travel insurance through your credit card. This gives you peace of mind, particularly if you’re a frequent traveler.
Annual fees may be as low as $35 or as high as $450, but don’t rule out a card just because it has a fee. First, find out what you’ll get. It just may be more than you bargained for.
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[June 10, 2022]
Mastercard recently launched tech that allows retailers to offer biometric payment methods, like facial recognition and fingerprint scanning.
Biometric identification is a growing market, and although the desire to innovate in this field is not new, Mastercard is now going a step further with a t...
[September 29, 2021]
It has long been extremely difficult to be approved for a credit card, even a secured credit card, with no credit score. While some credit card issuers allow co-signers, many major issuers do not.
Going forward, you may no longer need a credit score to qualify for a credit card. JPMorgan Chase, U...
[May 20, 2020]
Bankrate has recently conducted a survey of U.S. consumers’ payment habits amid the coronavirus. According to it, the number of Americans paying for grocery purchases with credit cards increased significantly in April and reached 46%. For comparison, this amount in December 2019 was just 27%. On t...
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