Good afternoon everyone, I hope your holiday season is going well.  With the end of the year right around the corner, I decided to publish my 2024 version of credit card annual fees I paid this year.  For comparison, here are my previous credit card annual fee posts:

• I Paid $4,588 in Credit Card Annual Fees in 2019 – Was it Worth it?
• I Paid $3,820 in Credit Card Annual Fees in 2020 – Was it Worth it?
• I Paid $3,009 in Credit Card Annual Fees in 2021 – Was it Worth it?
• I Paid $4,043 in Credit Card Annual Fees in 2022 – Was it Worth it?
• I Paid $4,807 in Credit Card Annual Fees in 2023 – Was it Worth it?

For this year’s post, I decided to break up the list of credit cards into 5 sections:

• Credit cards with sign up bonuses
• Credit cards with retention offers
• Credit cards with product changes
• Credit cards that were closed this year
• All other credit cards

For simplicity, I did not include the value of miles or points earned from credit card spend, but I did include the value of miles and points earned from sign up bonuses, referral bonuses, anniversary points, discounted points, and rebated points.  I counted all credits, reimbursements, and retention offers at face value.  I list the value of all tangible and intangible benefits below too.

I went through all of my credit card statements and online accounts to see which Credit Card Benefits I used in 2024 and those values are in the CCB $ column. If I received a retention offer, that is listed in the RO $ column. I listed the credit card annual fees in the AF $ column. Lastly, I used this formula to calculate the Profit or Loss (P/L column) for each credit card: CCB $ + RO $ – AF $ = P/L.  Laura’s card are included as well. Continue reading →