Originally Posted by
dingo
I'm doing a long overdue review of my credit cards; I'm bagging quite a few and find it just as fun as applying for new ones.
I've had both the Reserve and Preferred since they first hit the market. I know I am keeping the Reserve; the benefits fit with my strategy.
Is there any reason, any at all, that I should consider keeping the Preferred though?
What other cards do you have and how interested/invested are you in the UR eco system?
I was in a similar situation several years ago and decided that the CSP at that time didn’t offer anything that justified the annual fee. I basically put no charges on it. I downgraded it to a CFU, which became my new best friend for any charges that didn’t earn more than 1.5X UR on other cards. So basically, my minimum I would ever earn on a dollar (*) of spend became 1.5 UR, which beat all my other cards.
Originally Posted by
Steve in Olympia
If you keep an eye on the various promotions during the year, the value of the UR points you can earn will more than offset the annual fee. Is does require some diligence, however.
What UR-earning promos are you thinking of? My Chase Offers for the most part earn $ in cashback. MyBonus offers?
(*) The CFU unfortunately doesn’t have a foreign exchange fee waiver, so it never travels with me abroad. But most of my foreign spend is dining, hotels, car rentals and air fare, which does earn category bonuses on various other cards.