Timeline for Why would someone get a credit card with an annual fee?
Current License: CC BY-SA 4.0
13 events
| when toggle format | what | by | license | comment | |
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| Jan 13, 2021 at 12:43 | comment | added | JTP - Apologise to Monica♦ | The Amazon membership is no different - An annual fee ($119) vs the 'rewards'. In this case you cite the free shipping. The prime card gives 5% cash back, so tie the fee and the cash back and very similar to this Q&A. In general, you pay $X/yr, and should make the rational decision if you are getting a return that's worth it. For some, the Prime Video is enough of a perk. | |
| Jan 12, 2021 at 21:00 | comment | added | R.. GitHub STOP HELPING ICE | While this isn't exactly an annual fee for the card itself, I have an Amazon Prime credit card that comes with my Prime membership fee, and I get unlimited free 1-2 day shipping for that. | |
| Jan 11, 2021 at 23:20 | comment | added | Aaron D. Marasco | I have the AmEx and on top of the groceries, my pharmacy is in the grocery. So 6% back on HDHP prescriptions. | |
| Jan 11, 2021 at 17:51 | comment | added | JTP - Apologise to Monica♦ | Understood. And it seems that every credit card question is likely to bring us to that issue. | |
| Jan 11, 2021 at 17:00 | comment | added | gerrit | @JTP-ApologisetoMonica See Do card bonuses lead to increased spending? — I think it's not quite tangent, because if the answer is yes, then the argument that it's a money saver may break down. | |
| Jan 11, 2021 at 16:50 | comment | added | gerrit | @JTP-ApologisetoMonica It is, my question however was not if people spend less with cash than with cards, but spend less with a no-frills card vs with a card full of cashback or bonuses. I agree that it's a different question. | |
| Jan 11, 2021 at 16:16 | comment | added | JTP - Apologise to Monica♦ | @gerrit - that is a different Q&A - Do people tend to spend less when using cash than credit cards? and a bit of a tangent to this question. | |
| Jan 11, 2021 at 14:33 | comment | added | gerrit | What if the benefits cause you to spend more? | |
| Jan 10, 2021 at 22:18 | comment | added | Loren Pechtel | Checked bag free is a very common case to make a card with a fee worthwhile. | |
| Jan 10, 2021 at 18:36 | comment | added | JTP - Apologise to Monica♦ | Well, of course! Just like the airline card was useful to me for a year, but no longer. Nor is the 2% back on gas good if they give you a 6 cent discount for cash. This is 100% conditional on use case. | |
| Jan 10, 2021 at 18:28 | comment | added | jamesqf | Of course a card that gives 2% back on groceries isn't worth much if the grocery store you usually shop at doesn't accept credit cards at all. (And has prices well below those that do.) | |
| Jan 10, 2021 at 14:34 | history | edited | JTP - Apologise to Monica♦ | CC BY-SA 4.0 |
added 440 characters in body
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| Jan 10, 2021 at 14:23 | history | answered | JTP - Apologise to Monica♦ | CC BY-SA 4.0 |