A yearly fee charged by credit card issuers on some credit cards. The fee is separate from interest charges or other fees, and is assessed regardless of how often the card is used. The annual fee typically is added to the credit card statement along with other charges on the card.
The amount of the annual fee varies. Many credit cards do not charge an annual fee, while some of the more exclusive charge cards have annual fees as high as $450 per year. In addition, most bad credit credit cards charge annual fees, which can vary based on the applicant’s credit history.
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