Finance & Banking

Annual fee

ˈænjuəl fiː

noun

What does Annual fee mean?

The yearly cost of holding a credit card.

Example sentence

"The card has a $95 annual fee."

American usage tip

Weigh the fee against the rewards you'll earn.

Related Finance & Banking words

Net worth
Total assets minus total debts.
Savings account
An account that earns interest on stored money.
Brokerage
An account for buying stocks and funds.
Venmo
A popular peer-to-peer payment app.
Emergency fund
Savings covering 3-6 months of expenses.
Credit freeze
Locking your credit file against fraud.
Compound interest
Interest earning interest over time.
Withholding
Tax taken from each paycheck automatically.

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