Definition of «lower annual fee»

The phrase "lower annual fee" refers to a reduction in the amount charged by a credit card company for its services each year. This can be due to changes in market conditions, competition or customer feedback. A lower annual fee means that customers will pay less money for their credit cards and may result in increased usage of the card as well as greater loyalty from customers.

Sentences with «lower annual fee»

It's rumored to come with a credit limit as high as $ 300,000 and a pretty low annual fee of $ 500. (lendedu.com)
Even cards with low annual fees sometimes offer big bonuses. (creditcards.com)
Many cards offer much higher rewards rates and much lower annual fees. (creditcards.com)
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