New Delhi, April 10 -- Due to the benefits, convenience, and security it provides, it is hard to picture life without a credit card in today's world. Differentiating between annual fee or non-annual fee credit cards is a crucial step in the process of picking a credit card. Knowing the details of each option allows you to ensure your decision fits your financial goals and habits.

Credit cards that do not have an annual fee charge members no money to remain as members. Because of this feature, these cards are especially appealing to people looking to find lending that is low cost.

Credit cards that come with an annual membership fee often provide enhanced rewards, benefits and features. These are usually for consumers who are likely to t...