Also, if you're a light credit card user you'll probably want to
avoid cards with annual fees as they could completely wipe out all of your rewards.
It may take a while to accrue enough points for a dream vacation and some people may not want to
carry cards with annual fees while they save up points and miles.
The bigger sign - up bonuses, better earning potential and more valuable rewards offered by
many cards with annual fees can more than make up for the added cost.
There are few fringe benefits or insurance benefits with these basic reward cards, but this should be expected with a
basic card with no annual fee.
A lot of
cards with annual fees come with sign - up bonuses of airline miles that can be used for flights that would cost much more than the card's annual fee.
But there are still plenty of no - fee options, so before you sign up for a
new card with an annual fee, make sure the benefits are worth the costs.
For higher -
end cards with annual fees, the robust travel benefits are emphasized over the rewards program as the core justification for the fees.
Rewards
cards with no annual fees exist, but they usually don't come with lucrative bonuses and may lack other benefits such as free checked bags or airline credits.
Many banks
issue cards with no annual fee that also come with excellent customer service, heightened insurance and warranty protection and a decent load of enticing travel and shopping rewards.