To evaluate my credit card strategy each year, I look at any changes to my credit cards' benefits and annual fees
If the answer is no and you don't expect your life to dramatically change in the next year, you're probably paying for benefits you won't use. Consider whether the card is still a good deal given that.as one of the benefits. When I look at my card portfolio, I always note which benefits are duplicated. If I'm "on the fence" about a given card, I'll be much more likely to dump it if one or more benefits is duplicated by another card that I carry.
For example, removing a valuable transfer partner can reduce the value of a bank's loyalty program, and switching to a dynamic award chart without fixed mileage rates can reduce the value of an airline's loyalty program. We saw negative changes to both bank and airline loyalty programs in 2019, as well as positive changes like the addition of JetBlue as a transfer partner for Capital One miles.
The core value of a co-branded credit card is the benefits in its associated loyalty program, so be sure that the benefits are valuable enough to justify the annual fee.Some loyalty programs offer valuable benefits when you meet a spending threshold on a cobranded credit card. For example, in the Delta SkyMiles program, if you charge $25,000 or more in a year to a
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