The lower interest rate is better than the low annual fee in the situation when the person or the individual is facing any of the critical financial issues and at that time he can prefer a lower interest rate rather than a low annual fee.
Low annual interest rate
A lower interest rate means you'll build less debt each month, and you'll be able to pay off your balance faster because more of your payments go to the principal rather than interest.
Low annual fee
On the other hand, If you don't pay an annual fee, you won't be charged every year for using your credit card. The annual charge helps the issuer recoup the costs of the card's incentives and bonuses.
There are, however, a handful of credit cards with no annual charge that offer perks like cash back or points gained on purchases.
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