When is annual fee charged on a credit card?

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
7 posts
Money card
Centurion Member
Centurion Member
 
Posts: 1361
Joined: Tue Jun 28, 2011 10:13 pm
Location: New York state

When is annual fee charged on a credit card?

Postby Money card » Tue Jun 28, 2011 11:02 pm

(Updated 2013) For anybody that has an airline or Hotel card, after your first year is up and assuming you pay your bill in full, do you pay the annual fee?

let's say for example you have a Gold Delta do you pay the 95.00 fee then? same with the Chase Marriott only 30.00 instead of 95.00. do you pay the 30.00 annual fee?


dfm990
Platinum Member
Platinum Member
 
Posts: 66
Joined: Sat Apr 02, 2011 2:28 pm
Location: Miami

Postby dfm990 » Wed Jun 29, 2011 7:51 am

Well I believe that with AmEx its at the end of the year they'll add it to your last monthly statement, but I'm not to sure with chase.
Amex Gold NPSL (35000 Approved)(11/13)
Discover It $22500 (12/13)
Bank of America Cash Rewards $7000 (3/13)
Amex BCP $6000 (12/14)
Walmart Store Card $3050 (2/10)
Capital One Platinum $2000 (3/11)
Chase Slate $1000 (1/16)

Meltdownblitz
Centurion Member
Centurion Member
 
Posts: 113
Joined: Fri Jun 03, 2011 11:42 pm
Location: United States

Postby Meltdownblitz » Wed Jun 29, 2011 8:25 am

I'm almost sure you have to pay the annual fee on your first statement with almost Every card that requires an annual fee, including Amex, they personally told me it would be on my first statement.

Money card
Centurion Member
Centurion Member
 
Posts: 1361
Joined: Tue Jun 28, 2011 10:13 pm
Location: New York state

Postby Money card » Wed Jun 29, 2011 9:04 pm

Chase Marriott has a 30.00 fee, Citi American airlines has a fee I think 50.00, southwest or east Chase has a fee waived the first year.

maricochen
 
Posts: 1
Joined: Fri Jul 08, 2011 10:01 am
Website: http://www.viigoo.com
Location: California

Postby maricochen » Fri Jul 08, 2011 10:31 am

i think the annual fee is charged in very very year's end.

Money card
Centurion Member
Centurion Member
 
Posts: 1361
Joined: Tue Jun 28, 2011 10:13 pm
Location: New York state

Postby Money card » Sun Jul 10, 2011 10:06 pm

Let me tell you people something. My Dad and his Chase Marriott he doesn't pay and my cousin on his chase southwest he doesn't either.

I don't travel on business so I don't have any airline or hotel cards, but I was wondering after your 1 year is up do you people actually keep it and pay the annual fee and it looks like you do.

scot184
Green Member
Green Member
 
Posts: 3
Joined: Mon Jul 18, 2011 11:26 am
Website: http://www.creditcardbalancetransferoffers.com/
Location: Los Angeles, CA

Postby scot184 » Mon Jul 18, 2011 11:33 am

It depends on the card and the issuer. Some charge it right away, some later in the year, and some waive it for the first year. I would call the issuer directly to ensure you know exactly how they'll be handling the charge to avoid any surprises.



Return to “Finance Charges & APR Compare”

Who is online

Users browsing this forum: No registered users and 1 guest