1. I’ve never understood why people pay annual fees when so many other cards waive them. I think Clark Howard hates the annual fees but Suze Orman doesn’t mind them. To me, it just seems like a scam. I have no credit cards but I think the easiest way to start looking would be to start with the no annual fee cards and go from there.

    Have you been tempted by the churning game? Why don’t you participate?

    • Yes the best way to go is to find a card with no annual fees. However, those cards are not available to everybody. People trying to build credit will probably have to settle for a credit card with an annual fee. But you’re right, first try to find a card with no annual fees. That’s the best way to go.

  2. If you use your card enough, there is no reason why you should pay an annual fee. You are providing enough value to a credit card company through interchange fees. Credit card companies may charge fees and have to disclose that they do; however, most will refund your annual fee, you just have to ask. If you don’t ask, shame on you.

  3. I’ve never had a credit card – ever. I don’t ever plan to. But I actually never use cash. I always use my debit card as “credit” and it functions the same way as a credit card, except sans rewards. That said, I cannot imagine ever using one with a fee! Suze Orman always says to get rid of those cards first. No reason to ever use a card with a fee in my opinion.

    • I know my reasons for keeping my cards are stupid, but what can I say. Maybe someday I’ll get rid of the cards all together, but I don’t see that happening any time soon.

  4. I’m going to try this with the Barclay card. It’s the only one I’ve been using for travel rewards, but I don’t want to pay $89 a year for it! Hopefully they’ll waive it for another year so I can continue to rack up rewards.

  5. The ones with the best rewards seem to have annual fees, so it pays to keep track of what you have. I had one that waived the annual fee the first year, so I used it for rewards, and when it came time for the annual fee I just downgraded the card to a no annual fee version.

    • That was a good plan. I’m eventually going to cancel my cards and start going for rewards. I know they charge annual fees, but I’ll try to get them waived or downgrade like you did.

  6. Although we use our cc’s for pretty much every expense possible to rack up rewards/travel miles, I refuse to pay an annual fee. I don’t the point of it and if any of our cards had fees and couldn’t be waived, I’d get rid of it.

    • If you use your credit card all the time and are in good standing, they’ll most likely waive the annual fee. They don’t want to lose a good costumer.

  7. We use our credit card for everything. Our fee is waved for our bank account and credit card if we keep a balance. It works for us now, but once the mortgage is paid off we’ll probably have a different setup.

  8. I have never had a credit card with an annual fee but it sounds like you found a nice option to waiving it. It never hurts to ask! Once, I accidentally paid a credit card late and acquired a hefty late fee. I called and asked to have the late fee waived and they said they could waive it once per year! That’s pretty good savings right there!

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