credit card annual fee

‘Cut up the credit cards:’ Congress is getting brutal about ‘embarrassing’ $31 trillion national debt — Photo by Cup of Coup

Track Credit Cards, Slash Fees, Trim $15 Trillion

A $49 annual fee on a popular travel card could add as much as $15 trillion to the national debt over decades, according to recent modeling. Because millions of cardholders pay the fee each year, the aggregate cost feeds federal deficits and pushes household debt higher. The Annual Fee Apocalypse: