Search Results for: Keep Cancel Convert

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Keep, Cancel or Convert? Chase Sapphire Reserve ($450 Annual Fee) & Chase Ink Plus ($95 Annual Fee)

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Good morning everyone.  Ahh, I feel so refreshed, I just spent the last week on tropical Kauai with my girlfriend. We enjoyed inner tubing down an old sugarcane plantation irrigation canal, a 4×4 off road vehicle tour of Kipu Ranch, driving around Waimea Canyon, and eating as much poke and shaved ice as our stomachs would allow. I would definitely recommend all of those activities if you are heading to Kauai anytime soon.

During the good ole days of credit card sign up bonuses, I used to do epic 4-8 credit card App-O-Ramas every 3 months.  I probably did that for the first 2 years I was in the miles and points game.  Over those years, I accumulated a lot of credit cards, but now is the time when several annual fees are posting.  I have 8 credit cards that posted annual fees in March (totalling $1,165 in annual fees), so now is the time for me to decide: keep, cancel, or convert?  Here is the list of credit cards and annual fees.  I am going to cover the first 2 Chase credit cards in today’s post, and then cover the other credit cards in a few more posts.  Let’s start with my beloved Chase Sapphire Reserve.

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)
Chase Sapphire Reserve Credit Card
Is the Chase Sapphire Reserve worth the $450 annual fee? Several months ago, I converted my Chase Freedom into a Chase Sapphire Reserve, and it was one of the best credit card decisions I ever made.  After I converted to the Chase Sapphire Reserve, I started to receive the $300 in travel reimbursements (before I even paid the first $450 annual fee).  I also received my Priority Pass card which includes unlimited guests (you have to request this through the Chase Ultimate Rewards Portal).  Between the $300 travel credit and the free meals I have had at Priority Pass lounges, the $450 annual fee is basically a wash.  Then add on the 3x Chase Ultimate Reward Points on travel and dining purchases, plus the ability to redeem Chase Ultimate Reward Points for travel at 1.5 cents, keeping this credit card is the easiest credit card decision of the year.  The only downside is that I had to give up my Chase Freedom and I would have loved to get 5x on PayPal purchase this quarter (that would have taken me only a few days to max out).

Decision: Chase Sapphire Reserve Credit Card is a keeper.

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Keep, Cancel or Convert? Barclays JetBlue Plus Credit Card ($99 Annual Fee)

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Good morning everyone, happy Friday!  I hope you all have exciting weekend plans for the first weekend of 2018.  My girlfriend and I are flying to Las Vegas this weekend with a couple lounge visits in our future (SFO Centurion Lounge on departure, LAS Centurion Lounge on arrival, again to LAS Centurion Lounge on departure, and then the Escape Lounge (Priority Pass) in OAK on arrival).  Enough about my free lounge obsession, let’s talk about the Barclays JetBlue Plus Credit Card. 

I got this credit card during my December 2016 App-O-Rama and wrote this post about the features of the credit card.  I quickly received the 30,000 JetBlue points from the sign up bonus but I didn’t fly JetBlue at all in 2016.  But thanks to the generous 3x JetBlue points on Amazon purchases, I continued to earn hundreds of JetBlue points each month.  I almost completely forgot about this credit card until this email came to me in early December regarding the annual fee and the 5,000 bonus JetBlue points for being a cardmember.

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Keep, Cancel or Convert? Chase Sapphire Reserve ($450 Annual Fee) & JPMorgan Chase Ritz Carlton ($450 Annual Fee)

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Good morning everyone, I have a dilemma on my hands.  The $450 annual fee is posting in the next 2 months on my JPMorgan Chase Ritz Carlton Credit Card and I need to decide if I should keep both my Chase Sapphire Reserve Credit Card and JPMorgan Chase Ritz Carlton Credit Card.  Both credit cards have $450 annual fees and I don’t *need* both credit cards, but what should I do?  As a reminder, I recently converted my Chase Freedom into a Chase Sapphire Reserve, but I have had my JPMorgan Chase Ritz Carlton Credit Card for almost 3 years (I applied for this credit card when the sign up bonus was 140,000 Marriott Points).  I will walk through all the perks for both credit cards and see if I have a clear answer by the end of this post.

Contender 1: Chase Sapphire Reserve Credit Card

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Converting Citi AA Exec Card to Double Cash: Expedite $450 Annual Fee Refund by Calling

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Good morning everyone, the title of this post may sound obvious, but let me explain some background info first. When my Citi American Airlines Executive Credit Card’s $450 annual fee posted, I called Citi and asked them to convert the card to a Citi Double Cash Credit Card. Unfortunately since the $450 annual fee had already posted to my credit card, I could not convert the card until paying off the $450 annual fee. After making a quick online payment from my Citigold Checking Account, I called back the next day to make the conversion.

Citi is strange with their conversion process. The entire “process” of converting a credit card takes about 51 days (I think that is what the rep said). During those 51 days, Citi will send out the new credit card, but the old credit card will still be active. During those 51 days, if I decide to cancel the conversion request, all I would have to do is call Citi and tell them to stop the conversion. If after 51 days, I have not called to cancel the conversion request, the old card would be closed and the new card would remain open, thus completing the conversion.

Long story short, on my new Citi Double Cash Credit Card, there is a $450 annual fee payment that I want refunded.

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Convert Citi American Airlines Executive to Double Cash and Downgrade American Express Blue Cash Preferred to Everyday

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Good afternoon everyone, I hope your weekend is off to a great start. I have some credit card news I want to share with you. Earlier this month, my $450 annual fee posted on my Citi American Airlines Executive Credit Card. Since I didn’t want to pay the $450 annual fee to keep the card, I called Citi to see if I could convert that credit card into a Citi Double Cash Credit Card.