I'm canceling Amex and Chase cards with high annual fees in 2020 - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Credit card annual fees can be worth it, but only if you're using most of the benefits

, it's important to periodically take stock of your cards to decide if they still make sense for you. I like to do this little mini-review as the annual fee comes due., too often people fall into the trap of paying annual fees on cards when they're not getting the benefits. I recently did a mini-review of my credit cards and picked out a couple of cards that I am going to be canceling in 2020 — here's how I arrived at these decisions.

Keep in mind that we're focusing on the rewards and perks that make these credit cards great options, not things like interest rates and late fees, which will far outweigh the value of any points or miles. It's important to practice financial discipline when using credit cards by paying your balances in full each month, making payments on time, and only spending what you can afford to pay back.

If you have what is called a "co-branded" credit card that is shared between a hotel / airline and the credit card issuer, such as the

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Amex Platinum concierge found the perfect cruise for my family - Business InsiderCoordinating a trip for a family of five can be challenging, but our concierge Luis went the extra mile to find us the best option.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Citi Double Cash card review: Benefits, rewards, and other options - Business InsiderIf you want a simple cash-back card that earns valuable rewards no matter where you shop, the Citi Double Cash is a top option with no annual fee.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The Amex Platinum concierge found the perfect cruise for my family - Business InsiderCoordinating a trip for a family of five can be challenging, but our concierge Luis went the extra mile to find us the best option.
Source: BusinessInsider - 🏆 729. / 51 Read more »