<ul data-eligibleForWebStory="false"><li>Credit cards offer benefits like making big purchases, earning rewards, and building credit history, but additional fees can increase costs and lead to debt traps.</li><li>Some of the extra costs associated with credit cards include annual fees, transaction fees, late payment fees, over limit fees, and more, which could be justified by benefits like lounge access and reward points.</li><li>It's crucial to assess if you are getting enough value from annual fees through perks like lounge access or shopping rewards, as failing to utilize benefits could result in wasted money.</li><li>Hidden charges, reduced rewards, and removed categories from earning benefits by credit card issuers highlight the importance of evaluating all fees and benefits before choosing a credit card to ensure optimization of benefits.</li></ul>

Credit Card Annual Fees, Hidden Charges and Rewards Cuts: Are You Still Getting Value?

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