Comments on How to Select the Best Credit CardTypePad2012-01-29T22:25:50ZNAhttps://www.freemoneyfinance.com/tag:typepad.com,2003:https://www.freemoneyfinance.com/2012/02/how-to-select-the-best-credit-card/comments/atom.xml/SF commented on 'How to Select the Best Credit Card'tag:typepad.com,2003:6a00d83451bcbd69e20168e768cec1970c2012-02-15T19:31:54Z2012-02-17T03:48:04ZSFI agree with O-H-I-O. My Marriott Rewards card carries an annual fee, but as part of it I get a...<p>I agree with O-H-I-O. My Marriott Rewards card carries an annual fee, but as part of it I get a free one-night stay at a Category 1-5 property each year. Ignoring all other benefits the card provides me, this more than offsets the annual fee.</p>O-H-I-O commented on 'How to Select the Best Credit Card'tag:typepad.com,2003:6a00d83451bcbd69e2016301705abb970d2012-02-15T17:12:21Z2012-02-17T03:48:04ZO-H-I-OI definitely disagree about the statement that "No amount of rewards and bonuses can make up for an annual fee."...<p>I definitely disagree about the statement that "No amount of rewards and bonuses can make up for an annual fee." Like Mark said above if the increase in rewards is greater than the fee then it's usually something to look into.</p>
<p>I currently pay a $75 fee but I receive 6% back on groceries and 3% back on gas as well as 1% on everything else. The card I had before this had no annual fee but the rewards didn't come close to this and I increased my cash back by far more than the amount of the fee.</p>Mark commented on 'How to Select the Best Credit Card'tag:typepad.com,2003:6a00d83451bcbd69e20163016fd768970d2012-02-15T16:23:17Z2012-02-17T03:48:04ZMarkI have never had a card with an annual fee, because I felt I couldn't charge enough to justify the...<p>I have never had a card with an annual fee, because I felt I couldn't charge enough to justify the increased rewards. Although I make (and spend) much more now, I continued to avoid cards with fees. </p>
<p>However, I am about to change that. It is important to look at the INCREMENTAL rewards compared to the fee. I can get 2% back on everything with no fee. If I can get 6% back on gas on a card with a fee, then I need to confirm that 4% of my annual gas purchases exceeds the fee.</p>
<p><br />
</p>