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May 02, 2006
Don't Forget the Fees
Many credit cards charge a transaction fee or an annual fee. Prices range dramatically. Some cards have no fees, but these usually don't offer any of the special features such as cash back or travel rewards.
When you're trying to decide which card is best for you, weigh the fee charged against how often you will be using the card. It may be less expensive to have one credit card for which you pay an annual fee for all your purchases than several credit cards for which you pay transaction fees. Perhaps the best solution is one card with all the bells and whistles that suit your needs, for which you will likely pay a fee, and one with no fee at all, which you can use as a backup, if necessary. Remember, not all cards are accepted at all retail locations, so having two different types of cards can he a distinct advantage.
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