If you apply for a bunch of cards that have
huge annual fees for the first year and you cancel them your second... eventually you'll stunt your growth.
The huge annual fees for post-secondary education, the rise of MOOCS (Massive Open Online Courses), and the hyper - professional orientation of students (will this degree get me a job?)
Not exact matches
Plus, I should again stress longer holding periods can be a
huge advantage (not just in terms of taxes): Generally, the better the company / investment, the longer you end up holding it — and if you hold a stock
for 5 - 7 yrs +,
for example, the broker
fee to buy & to sell is obviously pretty irrelevant when you «spread» it over the entire period (& far cheaper than the
annual / cumulative
fees you'd pay on an investment fund).
If,
for example, you applied
for the Chase Sapphire Reserve ($ 450
annual fee) before its
huge sign - up bonus expired in early 2017, you could save more than $ 350 a year by switching to the still - points - rich - but - less - expensive Chase Sapphire Preferred (
annual fee: $ 95) before the Reserve renews.
Overall, the Chase Freedom foreign transaction
fee of 3 % isn't a
huge dealbreaker because the Freedom cards come with no
annual fees and offer great opportunities
for rewards.
Note that Amex - Platinum Card come with a
huge annual fee of $ 450 and benefits, if $ 450
annual is not a choice
for you, you can look
for a Premier Rewards Gold Card offer.
The 1.5 X on
huge purchases probably doesn't mean much to most consumers and you can always pair the Reserve with the (no
annual fee) Freedom Unlimited and earn 1.5 X on all purchases, so it's not a
huge win
for the Platinum there.
The
annual fee is remaining at $ 450, so all of those Platinum junkies who have no use
for Uber can still retain Platinum Card benefits at the price of $ 450 per year, which is a
huge for win
for them.
So even though a
huge sign - up bonus is something to look
for in a travel credit card, sometimes credit cards with lower mileage bonus may deliver greater flexibility among companies, no blackout dates or come with no -
annual -
fee.
The card also offers zero foreign transaction
fees, which is a
huge perk
for a no
annual fee card.
Signing up
for credit cards to earn
huge miles and points is exciting as you earn lot of Free Travel but one big drawback with is that they come with an
annual fees.
This comparison will be useful
for anyone considering getting a premium credit card — one of those cards with an eye - watering
annual fee and
huge benefits.