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If you’re trying to save money, paying a fee on your credit card might seem counterintuitive.
However, it may be worth it under the right circumstances.
So, how do you figure out if it is the right thing for you?
“It really comes down to whether you are matching the right card with your lifestyle,” said Ted Rossman, industry analyst at CreditCards.com, which compares credit cards.
Some cards provide rewards towards travel, while others offer cash back based on the amount you spend with the card. Therefore, you should take stock of your spending habits to see which type, if any, makes sense for you.