One of the “rules of thumb” that is often expressed when it comes to credit cards is that it’s important that you avoid paying an annual fee.
Even with rewards credit cards, many suggest that you stay away from the annual fee. After all, your annual fee reduces the value of the rewards that you earn.
There are some credit cards, though, that might be worth the annual fee.
These are premier credit cards, and they often come with annual fees that many of us consider excessive: $100, $200, or even $450.
Why would you pay that much for a credit card?
As with all things personal finance, it largely depends on what you expect to do with the credit card, and the benefits that you get. If you really look at the perks associated with a premier credit card, you might be surprised.