In short, yes — as long as the card's extra benefits outstrip the cost of carrying it. Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page.
An annual fee might be something you'd like to avoid when you're looking for a credit card, but it's not always a bad thing. In many cases, paying an annual fee can be worth it if your ultimate goal is to maximize your cash back, earn travel rewards or earn a valuable sign-up bonus.
As long as the transaction goes through before the due date, you're good. You won't get extra points on your credit score for being an early bird, though. The issuer sends data about accounts to the credit bureaus on their schedule, not yours. Still, it's not a bad habit to get into.
Experts generally don't recommend you ever cancel a credit card, unless you're paying for it (such as in the form of an annual fee) and not ever using it. And if this is the case, canceling a card once probably won't hurt you as long as you have a healthy credit history otherwise.
The primary reason some credit cards charge an annual fee is that they aim to offer big rewards to a certain type of user. ... The higher rewards you'll earn with a card that charges an annual fee usually come from two sources: The rewards rate you'll get on your spending and the card's signup bonus.
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