credit card annual fee reversal
Credit card use is both a boon and a bane. With unguided use, this convenient financial tool can ruin your financial life. To make the most of your credit card, it's best that you pay the balance in full on or before the due date. Otherwise, you'll carry the burden that is finance charge (FC) and additional payment of late fee if you pay after your due date has lapsed. Even if you religiously pay on time and in full, there's another charge that holders incur just for maintaining credit cards---the Annual Fee . Some banks refer to this as "Membership Fee" as in the case of Citibank. Generally, this is one way banks earn money, from people for using credit cards issued by them. To keep track of my spending, I usually use plastic. Every time I use it, I logged it to an excel file I keep. While there are many apps you can download for this, my preference is still the old school spreadsheet. Anyway, when I logged into my online account, I noticed an amount that I ...