Is it worth paying an annual fee on a credit card?
Rashmika Kumar
Asked 28 May 2026
13
Most premium cards charge ₹5,000+ as annual fee. Are the rewards and lounge benefits worth it for someone whose monthly spend is around ₹1,00,000?
1 Answer
Accepted
10
Aaradhya Punia·6 May 2026
Credit score impact: each hard inquiry (which happens on card application) drops your score by 5-15 points temporarily. Applying for 3 cards in 2 months is fine IF you get all 3 approved. If 2 get rejected, you've taken a hit with nothing to show for it. Apply smart, not fast.
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