Most of us are always on the lookout for a better deal. Not just a new point deal, and we will always try to find those when they come along, but then what cards to just hang on to and then why to do so.
Right now, I pay over $800 in annual fees each year. To me, what I get from this batch, is worth the fees and I use the cards. Other cards I dump or move to a no fee flavor of card. So what do I get for my $800?
- AMEX Reserve business card. I have a huge line on this card to run my computer shop. I have had this card for a very long time and it is a HOLD. Clearly the 30,000 Delta MQM’s I can get, plus a better shot at an upgrade, are the top two reasons I, with pleasure, pay the $450 fee each year. If Delta/Amex were to drop these two features, I would not keep the card. I also, for now, have a personal one. We will see if I keep that one too for another year. Maybe. Thinking.
- AMEX SPG card. 2 night stay credit and chance to earn SPG points. Cheapest “mattress run” I can do for the fee. Will be happy to HOLD and use this card for a very long time as long as these perks stay part of the card.
- Chase INK Plus business card. With all the perks this card gives me, it is a long term HOLD also and for just $95 a year it works. To have my cell, cable and phone all just auto-bill to this card to get 5x points is almost way too easy points (really just great value). I also like no foreign transaction fees and do use this abroad.
- Chase 80k IHG card (not my link and at the bottom of the list of cards). PC Platinum, 10% points rebate and the 1 night free each year I have the card. For $49 a year, I will pay this till I am 100 years old. As long as Chase does not mess this one up I will “RUN” to pay it each year.
- Chase Sapphire Preferred® card. This is one I am just not 100% sure on if it is a long term HOLD. The 7% annual point bonus is nice and when I don’t have restaurant gift cards in my wallet I will pull this one out. For $95 a year this one is 50-50. I wish it would come down to $49/year then it would be a simple long term HOLD.
- Chase Freedom®. This has no fee and by getting max value each 3 months at 5x this one is always a good deal. If Chase changes this one to an annual fee, I would have to think about this one too.
- US Bank FlexPerks. I tend to book two trips a year on this card on points to fly Delta. They give me $25/trip for incidentals (now Delta e-Gift cards). So, for $49 a year I get that fee back. Net push and I like the card so a HOLD.
So there you are. There are many other cards I have and may pay a fee here and there, but are not long term HOLD cards like Hawaiian or Alaska. Others, like some Citi cards (my HHonors Reserve card that gives me GOLD status), I like and may or may not keep or pay the fee as I have other hotel & airline goals and these, while giving value, do not fit my personal needs (for now since I am focused on SPG this year).
Is it crazy to pay almost $1000 per year in card fees? Not to me when you look at the overall travel value. Plus, I do always call for retention points each year as if a card wants me to long term HOLD them, they need to show me the value of staying in my wallet day after day! – René
▲Delta▲ SkyMiles® Credit Card
from American Express®
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