If i get a credit card, can i cancel it before one year so i dont get the annual fee?
Credit Card Annual Fee Question
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Last edited 17/08/2015 - 18:18 by 1 other user
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Low rate card comes with annual fee and I don't think you can dodge it by cancelling before 1 year.
Low fee card has no annual fee(or low annual fee?) but the interest rate is around 23% compared to 14%.
If you want to pay no annual fee you need to get the low fee card if you can pay off your purchases before the interest free period ends which is typically 2 months.
no, but look for a card that has the fee waived for the first year, then you can cancel before 12 months and you'll be fine.
The annual fee is charged on your first statement so cant avoid it. Go with a zero annual fee card like Coles Mastercard to avoid it.
The commbank fees are charged at the end of the first year, but you can get them waived if you spend enough money. Call them up; in my encounters with commbank you can negotiate slightly better things by calling, and even better stuff if they cold call you.
no
https://www.commbank.com.au/personal/credit-cards/card-fees-…