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Club Carlson Premier Card’s annual fee — Pay Upfront?
I always thought that a credit card’s annual fee for a particular year is charged at the end of that year, instead the beginning.
Would love to hear if that’s how it has been for others … with a not-waived-annual-fee card like Club Carlson’s Premier Rewards Card, is the annual fee supposed to by charged to one’s account within the first month of having it — essentially, upfront?
Yes, most non-waived annual fees are charged in the first statement cycle. Otherwise banks run the risk that people would get the bonuses and cancel before the fees posted.
[USER=79]@Gaurav[/USER] — Makes sense. Which then means a first-year-waived annual fee card gets its fee charged at the end of the 1st year (had always thought it was end of the 2nd year). Much thanks,
[USER=903]@MisterMo[/USER] that is correct, waived fee cards charge fees in the first statement after the one year anniversary.