Easy Seniors Life

Rewards Credit Card With an Annual Fee

Paying an annual fee to have a credit card might seem like throwing money away — and it can be if you don’t get much in return for that fee. But in some cases, the annual fee — even a high one — can be worth it, said Jacob Dayan, CEO and co-founder of tax services company Community Tax.

“If you have to travel a lot for work or you’re just a globetrotter by nature, travel reward cards can save you thousands of dollars,” Dayan said. “A $400 annual fee might seem high, but the miles and hotel points that you can collect will earn that money back and then some. These premium cards often come with other perks such as waived bag fees and trip insurance that can save you even more money in the long run.”