The phrase means that something is more expensive than an annual fee.
Sentences with «than the annual fee»
Your free night will likely be worth more than the annual fee of $ 99, so any additional points you earn take you above and beyond the cost of the card. (upgradedpoints.com)
The extra 1 % difference in everyday awards will make up for more than the annual fee of the more expensive card at that point. (valuepenguin.com)
If you're choosing a credit card for a rewards program, for example to take that free flight, make sure the benefit is greater than the annual fee. (rbcroyalbank.com)