Question

Jennifer pays a fee every year to keep her rewards credit card active, even if she doesn't use it. What is this yearly cost called?

(1 point)
Responses

A late payment fee
A late payment fee

An over-limit fee
An over-limit fee

An annual fee
An annual fee

An interest charge

Answer 1

An annual fee

This is a yearly charge the card issuer may levy to keep the account open, even if you don't use the card.