{"id":73826,"date":"2024-02-05T20:00:41","date_gmt":"2024-02-05T20:00:41","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/02\/05\/why-you-should-get-and-keep-a-no-annual-fee-credit-card-the-points-guy\/"},"modified":"2024-02-05T20:00:41","modified_gmt":"2024-02-05T20:00:41","slug":"why-you-should-get-and-keep-a-no-annual-fee-credit-card-the-points-guy","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/02\/05\/why-you-should-get-and-keep-a-no-annual-fee-credit-card-the-points-guy\/","title":{"rendered":"Why you should get (and keep) a no-annual-fee credit card – The Points Guy"},"content":{"rendered":"


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Many consumers start building their credit by opening credit cards that do not charge<\/a> annual fees. This is an inexpensive way to start building your credit history and start earning<\/a> rewards without having to pay for an expensive card year after year.<\/p>\n

As time passes, some folks may ditch that no-annual-fee card in favor of another product with higher reward potential and more benefits. But as the credit card marketplace becomes ever more competitive, there are many reasons to keep a no-annual-fee card around.<\/p>\n

First, many newer no-annual-fee cards offer great benefits<\/a> and points-earning opportunities on par with premium cards. It could be worth keeping one around to up your everyday earnings. Closing a credit card<\/a> might also have unintended repercussions<\/a> on future card applications, as each bank or issuer approves new credit card applications according to its own unpublished rules.<\/p>\n

Let’s look at the circumstances when you might want to get and hold on to a no-annual-fee card.<\/p>\n

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It’s usually easier to qualify for a card without an annual fee<\/h2>\n

As opposed to more premium products<\/a> with annual fees that can cost hundreds of dollars, like the Chase Sapphire Reserve<\/a> or The Platinum Card\u00ae from American Express<\/a><\/span>, it is often easier for first-time applicants or consumers new to credit to apply and be approved for<\/a> a credit card with no annual fee.<\/p>\n

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