The Chase Sapphire Preferred comes with 2x points per $ 1 on travel and dining, no foreign transaction fees, chip & signature technology, primary CDW on car rentals, $ 10,000 trip cancellation insurance, and many more travel benefits that
justify keeping this card in your wallet.
With a measly 1 % rewards rate, and a $ 59 annual fee (waived year 1), it becomes hard to
justify keeping this card in your wallet, when a good cash back credit card can provide you with far better savings overall.
There's no fee for the first, second or any subsequent year that you remain a cardmember, so you don't have to worry about spending enough to
justify keeping the card.
There's no fee for the first, second or any subsequent year that you remain a cardmember, so you don't have to worry about spending enough to
justify keeping the card.
The Chase Sapphire Preferred comes with 2x points per $ 1 on travel and dining, no foreign transaction fees, chip & signature technology, primary CDW on car rentals, $ 10,000 trip cancellation insurance, and many more travel benefits that
justify keeping this card in your wallet.
But the perks of the Sapphire Reserve can
justify keeping this card in your wallet.
These new bonus multipliers are nice, but quite frankly the real power of the Prestige was the Flight Points, and with that benefit going away, it's unlikely the remaining benefits are enough to
justify keeping this card beyond my current membership year.
I hold each of these cards for a reason (or at least I had a reason to hold them when I applied) but I'm aware that the cost of holding these cards is high so I have to be able to
justify keeping the cards every year.
The Business Advantage Cash Rewards card doesn't have an annual fee, so you don't need to earn a certain number of rewards in order to
justify keeping the card.
Even though it might take a while to earn multiple free nights, you don't have to worry about meeting certain spending thresholds to
justify keeping the card.
The Travel Rewards card from Bank of America doesn't have an annual fee, either, so you won't have to worry about earning enough rewards to
justify keeping the card.
Not exact matches
But to
justify paying the annual fee and
keep the
cards open you would need to earn at roughly 10,000 points through spending, imho.
Using VAR well, all the
cards were
justified, tried to
keep the game moving, and didn't fall for some Timber antics.
The longer people
keep a
card — and longer is better because the average age of credit accounts is factored into the FICO credit scoring model — the more they'll need to spend on travel to
justify a travel rewards credit
card.
If you review the list of benefits for a
card you're considering and determine that there is significant potential value, try the
card for a year then evaluate whether you actually received enough value to
justify paying the renewal annual fee and
keeping the
card.
Bottom Line: The Hawaiian Airlines Credit
Card is offers some good value early on, though becomes harder to
justify keeping around after the first year is out.
I
kept justifying these purchases to myself, and my credit
card balances slowly rose along with my required minimum payments.
When a credit
card's benefits don't give you enough value to
justify the annual fee, you should NOT
keep paying it.
That's part of how I
justify keeping an Amex
card in my wallet and paying the annual fee even though I don't really care for the points earning.
* For the sake of this article, I'll assume you're earning at least around 5,300 Membership Rewards (worth about $ 95) a year from dining, groceries, gas, and other purchases to
justify keeping the Premier Rewards Gold
Card, so that the focus is solely on whether or not to
keep the additional Platinum
Card.
The main issue for me, and the thing that has been making it exceedingly difficult to
justify keeping my Amex Platinum
Card, has been that I have the Citi Prestige card which gives me a number of benefits that nullify some of the benefits from the Platinum C
Card, has been that I have the Citi Prestige
card which gives me a number of benefits that nullify some of the benefits from the Platinum C
card which gives me a number of benefits that nullify some of the benefits from the Platinum
CardCard.
I try to
justify the $ 450 annual fee by reminding myself of the $ 200 airline credit I get every year and by remembering the access it gives me (and two companions) to the Amex Centurion lounges that are slowly popping up at major airports around the US... but I've really been making excuses to
keep the
card as I haven't been entirely convinced that it's been worth
keeping.
This specific Delta credit
card doesn't charge annual fees, so you don't have to look for reasons to
justify the cost of
keeping the
card.
And because the
card has no annual fee, there's no minimum spend you need to place on the
card each month to
justify keeping it.
There's not a scenario where I can
justify using /
keeping the SPG
card, especially without any offset of the annual fee.
If you have no use for Uber then it's probably much harder to
justify keeping the Platinum
Card with the recent hike in the annual fee.
The longer people
keep a
card — and longer is better because the average age of credit accounts is factored into the FICO credit scoring model — the more they'll need to spend on travel to
justify a travel rewards credit
card.
This
card is also worth
keeping long term for the annual free night certificate, which more than
justifies the $ 75 annual fee.
Given that the American Express Platinum
card has an annual fee of $ 450, I can't see anybody
keeping the
card based on this benefit but every little bit of extra value does help to
justify the annual fee somewhat.
There are many
cards out there with no annual fee, but most of the
cards that I
keep and value the most do have a fee that I am able to
justify by the benefits.