How much are average credit card annual fees?

Annual fees on credit cards start at $0 but range up to about $1200.00 on platinum credit cards with plenty of extra benefits.

On average credit card annual fees are about $110 in Australia. A reasonable low cost, no frills credit card might charge about $49 in annual fees.

Australian Bankers Association’s chief executive officer Steven Munchenberg said customers should look around for products without hefty charges attached.

“Comparison websites are a good way to find information on the different products and services available that suit your needs.”

Source: The Daily Telegraph

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