
No annual fee credit cards don't charge you a yearly fee for the privilege of using them. Most of today's consumers strongly resist the idea of paying extra money for the opportunity to make banks and other financial institutions more money. Interest charges are enough of an additional cost. Creditors have wised up to this trend and there are not as many credit cards that charge an annual fee than there once was. Credit cards may still charge an annual fee for three main reasons:
- For providing a fixed low interest rate.
- For providing extra rewards and other perks.
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