Annual Fee

Explanation: This fee will get assessed once you get your credit card and then every 12 months after that.

Sometimes it is also referred to as Annual Membership Fee (AMF).

Our Thoughts: Don't automatically rule out a card with an annual fee; sometimes the credit cards with annual fees offer better rewards and lower interest rates.

Related Terms:
Monthly Fee, Credit Card Fees, Rewards
Synonyms:
Annual Membership Fee, Yearly Fee, Yearly Fee Card, AMF