Are There Any Benefits to Owning a No Annual Fee Reward Credit Card?
If you have taken a look or even a glance at all the credit card advertisements in the newspaper, magazines, unsolicited emails or even bulk postal mails, you will probably notice a common trend. More and more of them are stating that their credit cards do not carry any annual fee. This certainly looks like good news to all of us. But are there any real benefits to owning such a credit card? First of all, you need to understand that the bulk of the revenue from credit card companies come from the finance charges and annual fees associated with the card. If you do not pay off your credit card balance in full, you will need to pay interest. On top of that, if you exceed your card limit or do not make your monthly payment on time, you are slapped with an extra finance charge. And if you withdraw cash from your card, you also need to pay some form of surcharge. These are just a few common ways that credit card companies make money from you. For credit cards that do not carry annual fee, th
