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Before obtaining a credit card think very hard about weather you can afford to use one. It is easy to spend money you do not have and can not pay back using one. As a rule if you do not think you will be able to pay off the debt on the card IN FULL each month, then you should not use one. Getting one with annual fees just makes the debt problem worse.

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Q: Should you close a credit card that has an annual fees?
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Related questions

With good credit where can one find a free credit card with no annual fees?

With good credit, almost all credit card carriers offer free credit cards with no annual fees. You should contact your provider and seek information about a credit card with no annual fees.


If a person has high available credit on cards they will not use again should they close those accounts?

It would probably be in your best interest to close the account(s). You will be protecting yourself from identiy theft/credit card fraud. And depending on your credit terms, annual or semi-annual fees, that can be assessed whether the account is used or not.


Where can I get a free credit card?

Many credit card companies offer free credit cards with no annual fee. You are more likely to recieve a card without an annual fee if you have a high credit score. On such credit card company is Capitalone.com.


Does the Credit One credit card have any annual fees?

There are a range of Credit One credit cards. The Business Cashback Aspire Business Credit One credit card has no annual fees to pay, but other variations of the card do.


Should you close a credit card before getting a car loan?

NO


What is the annual fee for the Chase Visa credit card?

There is no annual fee for the Chase Visa credit card. That is one of the benefits you receive from the card. They offer many benefits along with the Chase Visa credit card.


What is the annual fee for a Capital One credit card?

Capital one has no annual fee for this credit card this is among very few if not the only one that it can count as a annual free instead of annual fee.


Does the Firestone credit card have an annual fee?

no


What does APR stand for in reference to a credit card?

APR stands for annual percentage rate in reference to a credit card. An annual percentage rate is the rate companies or banks charge when one uses a credit card.


If you close out some of your credit card accounts and continue to pay them off will that increase your credit score?

You should not close a credit card if you are still paying on it. It will bring your credit score down. Close it when you are done paying. I know this because my mom owns her own credit repair/management business and she tells me what to do with my credit cards.


What is an annual credit card fee?

Its a fee the credit card company charges you yearly for using their money


Where can a person obtain a credit card with no annual fee?

The best place to obtain a credit card with no annual fee is to visit your local banking institution. The bank representative will review all the credit card products that they offer and find the credit card that suits your spending needs.