the answer is: Annual fee
Annual fee refers to the amount of money that must be paid by credit card holder each year even if the credit card is not being used.
In united states, credit card company could impose their own annual fees anywhere between $25 to $500. The amount is pretty big for users in lower income bracket. This is why no annual fees is seen as a desirable characteristic.
A desirable characteristic to look for when choosing a credit card is no annual fee.
A credit card is a payment card which is issued by a bank or financial services company that allows cardholders to borrow funds with which to pay for goods and services.
There is a condition imposed on credit card holders to pay back the borrowed money, plus any applicable interest on it, as well as any additional agreed upon charges, either in full by the billing date or over time.
A desirable characteristic to look for when choosing a credit card is a credit card with no annual fee. Thus, to a credit user, the perks and benefits are the most important determinant when choosing a credit card.
A credit card annual fee is a price which you are required to pay every year to remain a cardholder and thus in order to enjoy the card's rewards and benefits.
The credit card annual fees tend to range significantly in price, but the higher annual fees on reward and travel cards often give more valuable benefits to the customers.
Hence, option C is correct.
To learn more about a credit card here:
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