Should You Ever Pay an Annual Fee for a Credit Card?

Most of the time, we financial writers recommend that consumers not hold credit cards that charge an annual fee. There are so many cards that don't charge an annual fee that it just seems ridiculous to pay one. Also, many cards that charge an annual fee don't provide any added benefits or features.

However, there are times when it can make sense to get a credit card that charges an annual fee. If the card's benefits outweigh the annual fee, the card is worth a second look.

To learn more about specific cards that charge an annual fee but offer significant perks, read my latest Financial Edge article for Investopedia, Credit Cards: Should You Ever Pay An Annual Fee? The article also discusses specific situations that can make it worthwhile to pay an annual fee.

Photo: Wikimedia Commons

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