Only The Uninformed Pay Annual Credit Card Fees
Like every other financial industry out there, the credit industry is highly competitive. These companies fight an everyday battle to attract customers. And this battle is raged with their credit cards.
There is absolutely no reason to pay for a credit card. Almost all, if not all, of your cards should have no annual fee attached to them. Why people pay an annual fee for a credit card is beyond me.
What is the best way to get a free credit card? The best way to receive these offers is to have a good credit score. You see, your credit information is being accessed all the time by credit companies looking for new customers. Almost everyone gets credit card applications. But the people with the best credit scores get the best offers.
When I was first building my credit I would get the standard credit card offers in the mail. These of course had annual fees and unimpressive perks. After a time of being financially responsible with my credit the offers began to improve.
Over the month I noticed:
- the annual fees dropping
- the credit limits being offered increasing
- the perks increasing
Eventually I all but stopped receiving applications with annual fees. The offers I was receiving were far better than the previous ones. There is no secret here. The terms you are offered are based on your credit profile.
Now if you have a good credit history and are really interested in more than a free credit card, you should do some searching for good offers. There are many financial websites out there that frequently post good credit card deals. All you have to do is check the forum everyday and wait for a deal to pop up.
The two main forums I check on for good credit card deals are fatwallet.com and slickdeals.com. Here great offers pop up often. What kind of deal can you get? Well my last card I got has no annual fee, 0% interest for 6 months and I received $250 in rewards money for signing up for it.
I’d do a lot for $250. Checking up on a forum is nothing.