Chip Lupo, Credit Card Writer
@CLoop
The Fortiva Cash Card has an annual fee of $85-$175 1st yr, $49 after. The Fortiva Cash Card also charges cardholders monthly fees, starting with the second year an account is open.
Fortiva Cash Card Fees
- Annual Fee: $85-$175 1st yr, $49 after
- Monthly Fee: $0 1st yr, $15 after
- Cash Advance Fee: 5% (min $10)
- Foreign Fee: 3%
- Max Late Fee: $41
- Monthly Fee: $0 1st yr, $15 after
For context, the average annual fee among new credit card offers from all issuers is currently $26.75, and most credit cards do not charge monthly fees.
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No annual fee means you will not be charged every year for using your credit card. This means you’ll save anywhere from tens to hundreds of dollars in annual fees, depending on the credit card.
What you should know about credit card annual fees:
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Credit cards have annual fees to help cover the cost of rewards programs, benefits like travel insurance, and account services such as billing and customer support. Annual fees also help credit card companies profit more, especially on cards that people don’t use much. Similarly, in the case of credit cards for people with limited or bad credit, annual fees help credit card companies reduce the risk of lending to unproven borrowers.
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