Keep, Cancel or Convert? Chase Southwest Airlines Plus Credit Card ($69 Annual Fee)

Good morning everyone.  As part of my “Keep, Cancel or Convert?” series, I like to evaluate and reevaluate credit cards to make sure they still deserve a spot in my wallet.  This post is a little different because this post is about my girlfriend’s Chase Southwest Airlines Plus Credit Card.  She got this credit card last November when Chase & Southwest Airlines were running a promo for California residents: Sign up for the Chase Southwest Airlines Plus Credit Card, make 1 purchase and get a Southwest Airlines Companion Pass.  It was a no brainer.  The 50,000 Southwest Airlines Rapid Rewards Points sign up bonus was just gravy.  We got great use out of the Southwest Airlines Companion Pass this year, but sadly, the $69 annual fee just posted and it’s time to decide if she should keep, cancel, or convert this credit card.

Keep, Cancel or Convert? American Express Business Platinum Charge Card ($450 Annual Fee)

Good afternoon everyone.  As part of my “Keep, Cancel or Convert?” series, I like to evaluate and reevaluate credit (and charge) cards to make sure they still deserve a spot in my wallet.  2 weeks ago, my $450 annual fee posted on my American Express Business Platinum Charge Card.  I shared my outrage on the upcoming changes to the card and Shelli added her thoughts too.  I am not going to go into all the nitty gritty details of the current card benefits and the upcoming card benefits, but I have decided to keep my American Express Business Platinum Charge Card until next December when the *gasp!* $595 annual fee posts to my account.  Here is why this card is still worth the $450 annual fee I just paid…

Keep, Cancel or Convert? Chase IHG Rewards Select ($49 Annual Fee) & Hyatt Credit Cards ($75 Annual Fee)

Good morning everyone.  Earlier this month, my annual fees posted on my Chase IHG Rewards Select Credit Card ($49 annual fee) and Chase Hyatt Credit Card ($75 annual fee).  The main reason I hold onto these credit cards is for the annual free night certificate.  As a reminder, the free night certificates are not really free, since you pay the annual fee before getting the free night certificate – they are more like prepaid free night certificates with a strict expiration date.  Unfortunately, both of these credit cards are no longer available to new applicants, so if you do not have these credit cards right now, there is no way for you to get them now.  Both cards have been replaced by the new Chase IHG Rewards Premier Credit Card and the new Chase World of Hyatt Credit Card.  Anytime one of my credit cards charges me an annual fee, I take a moment to evaluate the credit card and decide if it is still worth keeping.  Here are my thoughts on both of these credit cards.

Keep, Cancel or Convert? Old Chase IHG Rewards Select & Hyatt Credit Cards

Good morning everyone.  A few readers have asked me if they should keep their old Chase IHG Rewards Select Credit Card ($49 annual fee) and old Chase Hyatt Credit Card ($75 annual fee) in exchange for the annual free night certificate.  As a reminder, the free night certificates are not really free, since you pay the annual fee before getting the free night certificate – they are more like prepaid free night certificates with a strict expiration date.  Both of these credit cards are no longer available to new applicants, so if you do not have these credit cards right now, there is no way for you to get them now.  That also means that if you ever cancel or upgrade to the new Chase IHG Rewards Premier Credit Card or the new Chase World of Hyatt Credit Card, you will never be able to get the old Chase IHG Rewards Select Credit Card and old Chase Hyatt Credit Card again.

Keep, Cancel or Convert? US Bank FlexPerks Gold ($85 Annual Fee) & Wells Fargo Propel World Elite ($175 Annual Fee)

Good morning everyone, I hope you enjoyed reading about my credit card decisions surrounding keeping, closing, or converting my credit cards after the annual fees post.  Check out my thoughts on my Chase Sapphire Reserve and Chase Ink Plus Business credit cards; my American Express Hilton Ascend and SPG Business credit cards; my Bank of America Alaska Airlines Business and Citi AT&T Access More credit cards.  As a reminder, here are all the credit cards and their annual fees.  In today’s post, I am going to cover both the US Bank FlexPerks Gold American Express Credit Card and the Wells Fargo Propel World Elite American Express Credit Card.  Are they worth keeping, should I close them, or should I convert them to another credit card?

Chase Sapphire Reserve – $450 (posted 4/1)
Chase Ink Plus Business – $95 (posted 4/1)
American Express Hilton Ascend – $95 (posted 4/3)
American Express SPG Business – $95 (posted 4/6)
Bank of America Alaska Airlines Business – $75 (posted 4/2)
Citi AT&T Access More – $95 (posted 4/4)
US Bank FlexPerks Gold – $85 (posted 4/3)
Wells Fargo Propel World – $175 (posted 3/31)
US Bank FlexPerks Gold American Express Credit Card
The $85 annual fee just posted and I have seriously lost interest in FlexPoints over the years.  The death nail came on December 31, 2017, when FlexPoints changed to a fixed 1.5 cents per point (CPP) value for all travel redemptions.  This credit card earns 3x on airfare, 2x on gas, and 2x on restaurants.  I currently use my Chase Sapphire Reserve Credit Card for travel, restaurants, and gas since I get 3x Chase Ultimate Reward Points on those purchases.  I can also redeem Chase Ultimate Reward Points for travel at 1.5 CPP, so the Chase Sapphire Reserve Credit Card is as good or better in every way compared to the US Bank FlexPerks Gold American Express Credit Card.  I redeemed almost all of my FlexPoints before December 31, 2017, and have a few hundred FlexPoints leftover in my account.  Not to worry, I have a no annual fee US Bank FlexPerks Select+ American Express Credit Card that will keep my few hundred FlexPoints alive.

Decision: US Bank FlexPerks Gold American Express Credit Card will be converted to a no annual fee US Bank Cash 365 American Express Credit Card.  That card earns 1.5% cash back on all purchases, so it will never be used.