Search Results for: Keep Cancel Convert

a woman with blonde hair and a green shirt

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

Posted on by . 5 Replies

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  Both cards have been replaced by the new Chase IHG Rewards Premier Credit Card and the new Chase World of Hyatt Credit Card.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.

a woman with blonde hair and a green shirt

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

Posted on by . 13 Replies

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.

a woman with blonde hair and a green shirt

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

Posted on by . 7 Replies

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.

a woman with blonde hair and a green shirt

Keep, Cancel or Convert? Bank of America Alaska Airlines Business ($75 Annual Fee) & Citi AT&T Access More ($95 Annual Fee)

Posted on by . 10 Replies

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; and my American Express Hilton Ascend and SPG Business 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 Bank of America Alaska Airlines Business Credit Card and Citi AT&T Access More 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)
Bank of America Alaska Airlines Business Credit Card
The $75 annual fee just posted on my Bank of America Alaska Airlines Business Credit Card.  I’ve had several Alaska Airlines credit cards over the years, so the pattern has always been: sign up for the credit card, meet the minimum spending requirements, receive the sign up bonus, redeem the Alaska Airlines Companion Ticket, then close the credit card when the annual fee posts.  I see no reason why I should break the pattern now.  The only reason to wait to close the credit card when the annual fee posts (instead of closing the credit card sooner) is to receive another Alaska Airlines Companion Ticket (good for another flight).

a woman with blonde hair and a green shirt

Keep, Cancel or Convert? American Express Hilton Ascend ($95 Annual Fee) & SPG Business ($95 Annual Fee)

Posted on by . 19 Replies

Good morning everyone.  I hope you enjoyed my post from yesterday: Keep, Cancel or Convert? Chase Sapphire Reserve & Chase Ink Plus.  All this week, I am going to review my credit cards that had annual fees post in March.  As a reminder, here are all the credit cards and their annual fees.  In today’s post, I am going to cover both the American Express Hilton Honors Ascend Credit Card and the American Express SPG Business 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)
American Express Hilton Honors Ascend Credit Card
I’ve only had this credit card since January, before then, it was a Citi Hilton Honors Reserve Credit Card.  I received the annual free weekend night certificate for spending $10,000 on the credit card when it was a Citi credit card.  MSing on the Citi credit card was much easier than MSing on the new AMEX credit card.  I also dropped from a Hilton Honors Diamond Elite Member on April 2 when the new Hilton Honors program changes went live, which was terrible timing since I checked into the Hilton Garden Inn on Kauai on April 2 as a Hilton Honors Gold Elite Member.  Should I pay $95 to keep this credit card?  Having this credit card gives you Hilton Honors Gold Elite Status, but I can already get that for free with my American Express Platinum Business Charge Card.  I don’t pay for Hilton stays very often, so if I no longer had this credit card, I would miss out on earning extra bonus points for Hilton stays.

I have had my eyes on the new American Express Hilton Honors Aspire Credit Card that comes with 100,000 Hilton points, Hilton Honors Diamond Elite Status, a free weekend night certificate, and $250 Hilton resort credit.  The $450 annual fee is steep, but I think the card is wroth it for the first year.  I have a credit card App-O-Rama coming up, so I plan on applying for the new American Express Hilton Honors Aspire Credit Card.  If I do not get instantly approved, I plan on calling American Express and asking them to move my credit line from the American Express Hilton Honors Ascend Credit Card to the new card.  If that is not possible, I will downgrade to the no annual fee American Express Hilton Honors Credit Card and use that card for the occasional AMEX Offer.

Decision: American Express Hilton Honors Ascend Credit Card will be a sacrificial lamb when I apply for the American Express Hilton Honors Aspire Credit Card.  Plan B is to downgrade to the no annual fee American Express Hilton Honors Credit Card.