By far it has
the highest annual fee of any card on this list.
As you can see,
the higher annual fee of the card becomes a non-issue if you've got a small business that has a lot of expenses.
Not exact matches
The American Express Platinum
card has one
of the
highest annual fees of any consumer credit or charge
card — $ 550 — but as Amex's flagship product, this premium credit
card offers a tremendous amount
of value to offset that
fee.
You can read our full review
of the Sapphire Reserve here — including why the
card is easily worth its
high annual fee.
This is the most suitable choice for people scared off from the
high annual fee of Chase Sapphire Reserve
card.
The Chase Sapphire Preferred
card is meant for
high spenders, and comes with an introductory
annual fee of $ 0 the first year, then $ 95 every year after that.
Rewards
cards had the
highest average
annual fee of cards with
fees that were included in our study.
The
annual fees on rewards credit
cards are usually
higher than that
of regular
cards.
Airline and hotel
cards had the
highest concentration
of cards with
annual fees — 88 % and 89 % respectively.
If the final result is
higher than the net value
of your rewards
card, then the cash back
card with no
annual fee is the better option.
Cards that come with
annual fees offer
higher rewards and an assortment
of travel perks and shopping benefits, but if you don't spend enough to maximize on rewards or travel enough to take advantage
of the additional perks, the
annual fee is an unjustifiable cost.
That's one
of the
highest bonuses on
cards with no
annual fee.
With the
high annual fee of $ 250 a year, you'd have to spend over $ 16,000 annually on the
card just to break even.
Overall I rate this
card «3 out
of 5» because it's not a practical
card for the average person due to the
high - interest and
annual fees that come along with it.
«The
card provides great benefits and business solutions, but won't pay off unless your company earns enough rewards from
annual spending to come out ahead
of the
high annual fee.»
Unlike what we see in other
card categories, this
higher annual fee of the Ritz - Carlton Rewards
card does correspond with some
of the better rewards rates in the category, provided that you are a
high spender.
If you notice that your credit
card balance is actually
higher than the amount
of purchases you made in a given period, interest and
fees such as
annual fee or penalty
fee may account for this.
«Despite its
high annual fee of $ 450, this
card holds a lot
of value for consumers who can fully take advantage
of its perks.»
A 0 % introductory APR period
of 15 months, $ 0 introductory transfer
fee, and $ 0
annual fee make this
card the best
of the bunch when it comes to balance transfers, specifically
high balances.
Despite its
high annual fee, the Citi Prestige ®
Card beats it with great rewards for travel, dining out and entertainment, as well as with good redemption rate for travel and list
of additional exclusive travel benefits.
You will only want to use one
of these
cards if you are able to pay off most
of your balance in full each month — they have
high interest rates and
annual fees.
You could consider a credit
card with a cash back rewards program that can be used to offset a part
of your
fees and interest charges, however, they tend to come with
high annual fees or
higher than average APRs.
Some
of the best bonus offers blow the Citi ThankYou ® Preferred
Card out
of the water — the best ones we see are worth upwards
of $ 600, and generally have
higher rewards that make up for the
annual fee.
We value this bonus at $ 750, which matches the bonus
of cards that charge a much
higher annual fee, such as the Chase Sapphire Reserve ®.
Beware
of low APR
cards with
high annual fees.
The Chase Sapphire Preferred
card is meant for
high spenders, and comes with an introductory
annual fee of $ 0 the first year, then $ 95 every year after that.
With its 2 % rewards return rate, 50,000 bonus miles, and $ 95 in
annual fee (waived year 1), the Venture
card has the
highest travel rewards rates you can get outside
of the specialty travel credit
cards.
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.
Anyone below that range should consider the no -
annual -
fee version, while
high spenders should go with the Hilton Honors American Express Aspire
Card — a card with a $ 450 annual fee and a suite of benefits worth much m
Card — a
card with a $ 450 annual fee and a suite of benefits worth much m
card with a $ 450
annual fee and a suite
of benefits worth much more.
These credit
cards generally approve applicants regardless
of their credit histories, though there are
annual fees and usually
higher interest rates to pay with secured credit
cards.
The Chase Sapphire Reserve ®, The Platinum
Card ® from American Express and the Citi Prestige ®
Card are three
of the most popular luxury
cards in the U.S.. All come with
high annual fees and on the surface appear to be similar.
Like most premium credit
cards, the Chase Sapphire Reserve ® has a
high annual fee of $ 450.
This credit helps offset the
card's
high annual fee of $ 450
annual.
All
cards come with
annual fees of $ 450 or more, and are intended for
high net worth individuals who travel a lot.
The majority
of these
cards come with very low credit limits;
high APRs,
of between 25 % and 29.99 %; and
annual fees that can easily exceed $ 100 a year.
There are a handful
of secured credit
cards, though, that require only a nominal security deposit and charge no
annual fee, yet provide a
higher line
of credit.
I think credit union is better because it has has no
annual fee credit
cards with cashback rewards and it is easy to qualify for their
fee waiver and
highest tier
of checking services.
Another benefit
of cash back credit
cards is that the best ones do not come with an
annual fee, similar to store
cards, and have
higher credit limits than store credit
cards too.
This reward
card carries a modest
annual fee of $ 95 (up from $ 75 previously), but
high cash - back possibilities in the categories
of U.S. supermarkets (6 % on up to $ 6,000 spent), U.S. gas stations (3 %), and select U.S. department stores (3 %).
Some
of these
cards can be luxury products that offer valuable travel perks and benefits, but with a
high annual fee.
The Companion Travel on these
cards can be worth hundreds
of dollars, easily blowing away the downside
of a
higher annual fee.
The Chase Sapphire Preferred ®
Card is a travel rewards card, with a high annual fee and no 0 % intro APR offers to speak
Card is a travel rewards
card, with a high annual fee and no 0 % intro APR offers to speak
card, with a
high annual fee and no 0 % intro APR offers to speak
of.
Airline and hotel
cards had the
highest concentration
of cards with
annual fees — 88 % and 89 % respectively.
After all, if the
card charges a
high annual fee, or the interest rates are
high, the benefits
of cash back rewards are minimized.
Rewards
cards had the
highest average
annual fee of cards with
fees that were included in our study.
The Venture ® Rewards credit
card offers a
higher rewards rate, at the cost
of a $ 95
annual fee (waived the first year).
The
annual fee on the United MileagePlus ® Club
Card is $ 450 — that is on the
higher end
of the
annual fee scale.
If the
annual fee on the
card isn't too
high for what you'll be getting out
of it, we recommend going with the
card that satisfies most
of your desires.
The reason we haven't included those
cards in our top picks
of secured credit
cards is that both
cards have an
annual fee and require a minimum deposit
of $ 300, a tad
higher than the other secured credit
cards.
While it doesn't have any
annual fee, using the
card comes at a very
high opportunity cost, past the $ 40k mark because
of other options.