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Annual Fee

   Also found in: Legal 0.01 sec.
Annual Fee
A fee that a company assesses on a customer simply for being a customer. Annual fees are most common in the financial industry. For example, a credit card company may charge a customer an annual fee of $60 in order to keep that customer's card active.


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00 and an annual fee of approximately $48, the Regular APR is normally 9.
Before any profit is made from this card, you have to pay back the annual fee so let''s take a look at it.
Why do credit card companies charge an annual fee Sure, you could ask them and I''m sure they have a script to read to you with a reason that is flimsy at best Why do credit card companies charge an annual fee?
 
 
 
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