As already shown,
the effective annual fees of these cards can be as low as $ 150 for the Platinum and $ 250 for the Prestige when you factor in travel credits.
For the sake of this article, I'm going to assume that you're able to utilize all three credits so that we'll be focusing on
the effective annual fees of the cards.
Not exact matches
Best
of all, the Ink Business Cash ℠ Credit
Card has no
annual fee, which makes it a very cost -
effective option to consider.
Best
of all, the Ink Business Cash ℠ Credit
Card has no
annual fee, which makes it a very cost -
effective option to consider.
Given the high
annual fee, the rewards program on its own is nothing to be excited about — there are many
cards that offer similar
effective rewards and / or cash back rates with an
annual fee of less than $ 100, and some that have no
annual fee at all.
With no
annual fee and 24/7 concierge service, this
card delivers a very cost -
effective package
of benefits even when compared against premium
cards at companies like American Express and Chase.
Making
effective use
of airline incidental credits is important if you want to reduce the
effective annual fee of high risk / high reward
cards like AmEx's Platinum
cards.
Remember, you can't buy $ 200 worth
of airline gift
cards and then say the «
effective»
annual fee of the Platinum is $ 250 if you wouldn't have normally spent that money on an airline.
If you're looking for a no
annual fee card to earn rewards but plan to carry a balance on your credit
card statements each month, you might first consider the Chase Slate Visa for the purpose
of eliminating those high - interest balances in a cost -
effective manner.
This
card has the highest travel credit
of any
card on the list at $ 325 which makes the
effective annual fee only $ 75.
For new members, the first year
of membership is free, but
effective August 11 the
annual fee for the SPG
Card from American Express card goes up from the current $ 65 to $
Card from American Express
card goes up from the current $ 65 to $
card goes up from the current $ 65 to $ 95.
With an
effective 4 percent cash back rate on gas and restaurant spending and a 2 percent cash back rate on general purchases, you would earn roughly $ 400 by the end
of the year — a pretty good return for a
card with no
annual fee.
Personally, the winner for me is the Platinum
Card because I love all
of the benefits and its
effective annual fee is only $ 150 for me.
For people like me who regularly use Uber and know how to utilize the $ 200 airline credit, the
effective annual fee for both
of these
cards is knocked down to $ 150.
With an
effective $ 150
annual fee (after the $ 300 travel credit), the benefits
of this
card are worth it for many, especially if you tend to travel a couple
of times a year.