Because these cards have
such high annual fees, it's a decision you definitely want to be informed about before taking action.
When choosing a card with
such a high annual fee, you should expect at least some of the following features:
That's exceptionally annoying for
such a high annual fee card, and certainly another major knock against applying.
Because this is a premium card with
such a high annual fee, it might be best that only one person get this card.
It also charges
such a high annual fee that any rewards that cardholders do earn are eaten up by annual charges.
That being said, all it would take to change this order is a shift of one or two rankings above based on your personal preference, so be sure to consider your own situation before applying for a new card, especially one with
such a high annual fee!
Not exact matches
This list doesn't include my overall top picks,
such as premium cards with
higher annual fees.
If you're interested in pure savings on things you charge to your small business credit card, other options
such as the SimplyCash ® Plus Business Credit Card from American Express are the better choice — it provides
higher returns, with no
annual fee.
Some cards are easier to qualify for, while others —
such as rewards cards with
higher annual fees — require excellent credit with a long credit history.
In most cases, your interest rate will be
higher than average, your terms will be less lenient (
such as a shorter grace period), and you'll probably have to pay an
annual fee of $ 40 or $ 50.
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.
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 ®.
If you're interested in pure savings on things you charge to your small business credit card, other options
such as the SimplyCash ® Plus Business Credit Card from American Express are the better choice — it provides
higher returns, with no
annual fee.
Variable annuities also often have
higher annual costs and
fees than do IRAs and the investments available through them (
such as low - cost index mutual funds and ETFs, or exchange traded funds).
Some cards are easier to qualify for, while others —
such as rewards cards with
higher annual fees — require excellent credit with a long credit history.
If you streamline your monthly bill payments through a single credit card, you may qualify for features that can offset
annual fees or
higher interest rates,
such as:
Unsecured credit cards targeted at those with truly bad credit tend to charge, in addition to
high interest rates,
high annual fees and even
fees just for applying
such as processing
fees.
When considering an
annual fee, take into account any perks that translate into a dollar amount that can compensate for the
fee,
such as an
annual credit or
higher rewards rate for the miles you travel.
If you fly with American Airlines often, and don't mind only being able to get rewarded with flights, then we recommend going with the AAdvantage Aviator Silver card — provided you will also take advantage of perks
such as Global Entry to offset the
higher annual fee.
Surprisingly, for
such a luxury card (with a $ 550
annual fee), the average cardholder credit score isn't quite as
high as you would expect.
There is an
annual review
fee, which is lower if the corporate trustee acts solely as a super fund trustee, but
higher if the corporate trustee also performs another function,
such as running a business.
Next, it's time to closely analyze your credit cards and whether or not you're paying excessive costs
such as
annual fees or
high interest rates.
High - end co-branded airline cards with high annual fees generally offer unlimited access to airport lounges with features such as free Wi - Fi, beverages, food and other amenit
High - end co-branded airline cards with
high annual fees generally offer unlimited access to airport lounges with features such as free Wi - Fi, beverages, food and other amenit
high annual fees generally offer unlimited access to airport lounges with features
such as free Wi - Fi, beverages, food and other amenities.
Points are taken off for characteristics
such as difficulty of reward redemption or
high annual fees.
And, among the few cards that offer
such a
high cash back rate, it's rare to find one like the Citi Double Cash credit card that charges no
annual fee.
American Express offers traveler's insurance and, for cards with
higher annual fees, additional layers of travel benefits,
such as airline
fee reimbursement for Platinum cardholders.
Most also offer premium cards that have more perks (
such as upgrades and club lounge access) but
higher annual fees.
I selected the $ 99
annual fee card, however if you travel extensively, they have other cards with
higher annual fees that offer even more benefits,
such as airport lounge discounts etc..
All the other credit cards that offer a Priority Pass membership with unlimited visits are also
high annual fee cards,
such as the Amex Platinum or the City National Bank Visa Infinite.
If you want a
high - limit card to hold on to for the long term, you may want to consider one with no
annual fee,
such as the Discover it ® Miles Card.
The
annual fee may seem a bit
high, but it offers benefits that help justify the
fee such as a $ 100 airline
fee credit.
With
such a
high - value sign - up bonus, these cards usually charge
annual fees as well.
The Platinum AmEx also has a much
higher annual fee of $ 550, but that's to be expected from a premium card that offers a variety of luxurious perks,
such as a $ 200
annual Uber credit and a $ 200
annual airline credit.
Elite rewards cards, which carry
higher annual fees, also often include premium perks,
such as airport lounge access, free Wi - Fi on flights and extensive travel insurance coverage.
The seemingly
high annual fee of $ 450 for the United MileagePlus ® Club Card is intimidating to most consumers who don't travel often enough to justify
such an expensive airline credit card.
No -
annual fee credit cards with
such a
high bonus proposition don't come around often.
$ 150 is a decent bonus for any card with no
annual fee and it's nice that it comes with
such a low spending requirement but it's not so
high to be especially noteworthy.
It's very rare that you see a card offer
such a
high sign - up bonus (and strong benefits with spend) while at the same requiring no
annual fee.
With the
highest annual fee of all the cards, you might expect more,
such as a healthy sign - up bonus or a larger
annual airline credit.
Although the card's
annual fee of $ 450 is not waived for the first year and the minimum - spending requirements are
high, the card's perks and benefits,
such as the $ 200 airline
fee credit, hotel elite status and access to a wide network of airport lounges, more than make up for it.
Those credits are usually only on
high - end rewards cards with
annual fees of $ 450 or more,
such as the Chase Sapphire Reserve, Citi Prestige and American Express Platinum.
For example, some credit cards with an
annual fee offer
high rewards
such as 6 % cash back on groceries and 3 % cash back on gas.
And lastly, if you are looking for a travel rewards credit card with extensive list of travel benefits (
annual travel credit, Priority Pass Lounge membership, etc.) and are willing to pay a
higher annual fee of $ 450 or more, then a premium credit card
such as the Chase Sapphire Reserve, American Express Platinum charge card and City Prestige credit card are good for you.
Just like with other premium cards
such as the Chase Sapphire Reserve or American Express Platinum, a
high annual fee doesn't have to be an automatic deal breaker if the card includes ongoing perks that will more than offset the cost of the
fee.
There are other cards that operate similarly,
such as the Capital One Venture (
annual fee: $ 59, waived first year) and Barclaycard Arrival (
annual fee: $ 89, waived first year), both of which are offering
higher sign - up bonuses than PNC's version.
With a relatively
high annual fee, there's very little perks
such as airport lounge access, or discounts at retailers.
Such a
high rate is unmatched among the $ 0 -
annual -
fee cards we cover.
Some cards are easier to qualify for, while others —
such as rewards cards with
higher annual fees — require excellent credit with a long credit history.
As
such,
annual fees are typically charged by cards that offer a lot of perks,
such as cash back cards with
high earnings rates, as well as cards that cater to those with less - than - excellent credit.
While the
annual fee on the card is
high, it comes with lots of great benefits,
such as automatic Gold Elite status during your first account year and each account year thereafter when you spend $ 10,000 on your card, and the ability to upgrade to The Ritz - Carlton Club ® level 3 times annually on paid stays of up to 7 nights.