1. Annual fees are a waste of money. There are so many cards out there, get one without an annual fee. Why waste $65 bucks when you don't have to.
2. If you already have a card with an annual fee, you can get around paying it by calling in and cancelling the card WHEN THE ANNUAL RENEWAL IS UP. I have done this myself on a couple of occasions HOWEVER, you need to be prepared to actually cancel your card. A smart sales rep with ask you 1) why you want to cancel. Be prepared to answer convincingly. Ex. "I don't use this card very much and I have too many other cards." or "I use my XXX card most of the time, the rewards program just isn't as good." Then, if this goes well, the customer service rep will ask you "If I waive the fee, would you keep the card?" Then you can waiver a bit but decided OK, I'll keep it!
Estimated time 5-10mins work, $65-$120 saved.
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