Citigroup Inc. has started adding annual fees to some of its existing credit card accounts in one of the first such attempts by a major issuer to offset the effects of the government's crackdown.

Card executives and industry members have predicted a widespread return of the annual fee, currently reserved for rewards-rich cards, since President Obama signed the Credit Card Accountability, Responsibility and Disclosure Act in May.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.