I got a lovely letter in the mail from Citi this week. Starting April 1st, if you spend less than $2,400 per year, you get a $60 fee for your Citi cash back credit card.
I have verified this at a few other sites around the web. It is not just me. It is a lot of us. Click on the image below to read the entire letter.
This is not my first credit card to start charging an annual fee. I do like that Citi gives me a chance to get out of it, so I am not sure if I am going to close this card. It might be worth giving up the annual fee from my Charles Schwab card on $2,400 of purchases, $48 in rewards, to keep my credit score from being lowered. As we all know, average age of credit is an important part of your credit score.
What do you think? It is worth $48 today to keep my credit score up? Please give me your opinions in the comments.
