what is setup fee
Setup Fee. A setup fee is the initial fee that a credit card company charges a new client. Whenever a new account is set up the credit card company charges a one time fee to set up the account.Once the account is set up there will be no more setup fees charged.Click for the full glossary of credit card terms.henever a new account is set up the credit card company charges a one time fee to set up the account. Once the account is set up there will be no more setup fees charged.