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Why do credit cards charge annual fees?
Posted on August 18th, 2010 No commentsWith many credit cards the annual fee is actually the smallest portion of the revenue stream. Most financial institutions that issue credit cards earn their profits through transaction fees and the interest that is collected on outstanding balances. The annual fee is usually smaller than these amounts.
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Getting a no annual fee credit card as a second card
Posted on August 2nd, 2010 No commentsNo annual fee credit cards tend to have slightly higher interest rates as well as less attractive extras such as insurance on the card and reward schemes. However they can be very useful as a second credit card.
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How to work out if a no annual fee credit card is worth the extra interest
Posted on July 20th, 2010 No commentsNo annual fee credit cards tend to have a higher rate of interest than credit cards that sell themselves as having a low rate of interest. They can suit some people and low interest credit cards can suit other people.
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Getting rewards on no annual fee credit cards
Posted on July 13th, 2010 No commentsNo annual fee credit cards are usually a variety of “no frills” credit cards that offer credit cards in return for a lower level of service and fewer extra services. One of the services that do not tend to included are rewards programs.
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Important Facts About Credit Cards With No Annual Fee
Posted on May 28th, 2010 No commentsMany people will apply for a no annual fee credit card without looking at the other costs involved. There are a few more things to look out for than just the credit card annual fee.
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With many credit cards the annual fee is actually the smallest portion of the revenue stream. Most financial institutions that issue credit cards earn their profits through transaction fees and the interest that is collected on outstanding balances. The annual fee is usually smaller than these amounts.