Tweet
what are the pros and cons
-
-
Re: Annual Fee Credit Card
no difference really between the 2 other than the fee. each issuer has their own perks/rules etc and each issuer has several types of cards, so you just really have to choose one that works for you. -
Re: Annual Fee Credit Card
Shop around.
You can probably get similar/better perks from a company that issues a card without an annual fee. Except if the applicant has challenged credit.7/5th of all people do not understand fractions.Comment
-
Re: Annual Fee Credit Card
I dont pay annual fees for any of my creidt cards
but I always get phone calls offering me credit cards and they always tell me there is an annual fee some as high as a hundred dollars.Comment
-
Re: Annual Fee Credit Card
A phone call with an offer for credit is probably a scam, unless it is from an existing creditor offering you an upgrade.7/5th of all people do not understand fractions.Comment
-
Re: Annual Fee Credit Card
mi toad a Capital One phoning me and sending me letter offering me dem credit card.
My credit cards are through my bank. So dem call mi the other day telling me that every 15 dollar i spend I can earn 1 airmile as right now every 40 dollars I spend I get 1 air mile but the catch is mi will have to pay almost a hundred dollars in annual fee so mi tell dem no mi like it jus the way I have it ( I dont pay annual fee)Comment
-
Re: Annual Fee Credit Card
Sweets, as you live in Canada you can relate.
I like my (no annual fee) PC Financial Mastercard. The only reason I say so is that I charge absolutely everything to it and I have always paid it off on a monthly basis. You will collect PC points with the card every time you make a purchase (one cent on every dollar with no expiration date). As a result I usually receive what amounts to approx two or three weeks worth of groceries when shopping affiliated stores each year when I cash in my points.
The interest rate is high, almost 20% I think so if you are not paying your bill on time this can be an issue. However, like most credit cards, if you phone customer service and complain (threaten to switch to a different bank) they will lower the interest rate in an attempt to keep you as a customer.
It also extends your warranty for most items by one year if purchased with the card. It also will replace items that are lost, stolen or damaged within 90 days of purchased, again, if you use your card to buy the product.
I think the big thing is, whatever card you get, make sure the rewards you receive do not expire over time.Comment
Comment