January 20, 2025
Annual Credit Card Checkup: Keep, Cancel, or Change Your Rewards Cards
Episode Description
Have you taken a close look at your credit card portfolio lately? If not, now is the perfect time for an annual checkup to ensure you’re maximizing value and not paying for cards you no longer need.
In this episode, I walk you through my simple 5-step process for evaluating which rewards credit cards deserve to keep their coveted spots in your wallet for another year. I explain why regularly assessing your card lineup is crucial for aligning your strategy with your evolving points goals and spending patterns.
By the end, you’ll know exactly how to decide whether to keep, cancel, or product change every card in your portfolio. I also share my top tips for safeguarding your points and your credit score before making any big moves. If a credit card checkup isn’t part of your yearly financial routine yet, this episode will convince you to make it a habit!
Turn your expenses into points and save tens of thousands of dollars a year on your wishlist travel. Don’t miss out! Click here to know more about my comprehensive online program, Points Made Easy.
What You’ll Learn from this Episode
- Why you should evaluate your credit card portfolio at least once per year.
- The 5 key questions to ask about each rewards card before deciding its fate.
- How to determine if a card’s perks and benefits justify its annual fee for you.
- What to consider before canceling a rewards card you no longer want.
- How to keep your points safe and your credit score intact when closing accounts.
Featured on the Show:
- Follow me on Instagram
- Send me an email
- Get on the waitlist for the Points Made Easy Course here!
- Get My Cash-Back Credit Card Cheat Sheet!
- If you have any questions or you want me to dive deeper into a specific topic, email me here: podcast@pointmetofirstclass.com
- Download Your Guide to Credit Card Eligibility Rules here!
- 78. Score Bonus Points and Waived Fees: The Art of the Credit Card Retention Call with Dr. Suzy Spadafora
Click here to download full episode transcript
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Point Me to First Class is the show for professionals and business owners with higher-than-average personal or business expenses, who want to learn to leverage these expenses into credit card points they can spend on travel.
Each week, I share valuable tips, tools, and strategies to help you uplevel your skills earning and redeeming credit card points, so you can expand your travel and expand your experiences.
