For $20 I'm keeping mine. There are creative ways to get 1.90-1.95% on the lower tiered point levels.
The trip insurance from CapOne is something I've used twice. 2nd time took 6 months but I still got my $75 claim!
I was a heavy duty CapOne user, it was a huge pain in the ... having to pay the card down several times a month. Now I'm keeping it mainly for a backup, NoFrills and maybe for the trip insurance in future(but I've 3 big trips coming up with a policy for each). Using AeroPlat and TD Inf. Priv. to keep the Aeroplan balance up. My wife's big spending days are over as she's selling her biz.