have annual fees, which is an important factor to consider both before and after applying.
Below, we'll review when you can expect to receive a bill for your credit card's annual fee and what to do if you don't want to pay it anymore.Credit card issuers may have different policies for when they charge annual fees,generally follow similar rules. More often than not, credit card annual fees will be billed as a one-time charge on your statement during the same month each year.
There may be some cases where a card issuer will break up the annual fee into monthly installments, but this is rare. And if you open a card that isn't from a major issuer, you may have the annual fee deducted from your available credit limit.has a $35 annual fee, and the terms for the card state that the fee will be charged when you open an account and each year following the anniversary date of your account opening. Plus, the annual fee will reduce your available credit by $35.
Source: Loan Digest (loandigest.net)
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