If you can get something either with or without a fee, why would you ever pay the fee? Unless you just enjoy throwing money away, you’d have to get something of value in return to justify the fees.
A recent survey from Discover, a major issuer of no-fee credit cards, investigated fees and their effects on credit card usage. The survey showed that consumers with no-annual-fee credit cards were twice as likely to be satisfied with their card than consumers with annual-fee cards (70% to 35%) – suggesting that consumers aren’t getting a sufficient return for the fees that they pay.
Surveys typically show that between two-thirds and three-quarters of credit cards don’t charge annual fees. According to the