Category: Credit Cards

When To Keep, Downgrade Or Cancel A Credit Card That Has An Annual Fee

When you have a credit card with an annual fee, you should evaluate every year whether or not the benefits of keeping the card are greater than the cost of keeping the card. This would seem to be an easy thing to do but there are many variables that need to be taken into consideration. A card that has great value to one person may be useless to another and therefore when reading posts about if a card is worth it, remember that Your Mileage May Vary. 

So what should you think about when deciding if you should keep a card?

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On/Off Site at WDW, Why We Cancelled Our AMEX Platinum, The Plane That Flew Through A Hurricane & More

Happy Saturday friends, and welcome to the weekend! HOORAY! Here’s a recap of what we wrote on YMMV this week. From great travel deals to what we’ve written to what others wrote that we really liked and wanted to share, it’s all here, in one convenient place!

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What’s A Free Hotel Night Actually Worth? And Is It Worth It?

Many of the co-brand hotel credit cards offer a free night as a yearly benefit for paying the annual fee for the card. For almost all cards, this night is capped and leaves out the best hotels (IHG cardholders just lost their unlimited free night with the relaunch of the IHG Rewards Club Premier card). You’re often left trying to decide when’s the best time to use the free night and maximize the value. Problem is, you never know when you’ll be able to get the max value and suffer from FOMO (Fear Of Missing Out). I’ve changed to the mindset of using these free nights wherever I can. I don’t need many single night stays so staying for free is better than paying and I don’t want to end up wasting one at the end of the year.

Here’s an example to show why only looking at the price of the hotel you’re booking might not be an accurate way to judge the value of the free night certificate.  Continue reading “What’s A Free Hotel Night Actually Worth? And Is It Worth It?”

Why I Cancelled My American Express Platinum Card

There are so many reasons to keep the American Express Platinum card. The $200 yearly airline fee credit. The $100 Global Entry or $85 TSA Pre-Check credit. The $200 yearly UBER credits ($15 per month and an additional $20 in December). Centurion Lounge access. Saks Fifth Avenue credit. Priority Pass.

There’s just one reason the cancel the card. Five Hundred and Fifty Dollars.

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What Credit Cards Are In Our Wallets? (September, 2018)

It’s been almost a year since I’ve gone over which cards Sharon and I are carrying in our wallets. Since we each have a different approach to earning miles and points, mine being obsessive about earning the maximum points for each transaction, and her desire to exert the least amount of thought into the process (Note from Sharon: Hell yeah! LOLOL!), the cards we carry are different.

There’s a method to my madness, as I manage to balance the two approaches and come to a plan where we maximize earning while minimize effort (and still keep our marriage together). (Note from Sharon: Again. Hell yeah!)

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