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I pay almost $3,000 a year in credit card annual fees — and yes, that's more than our monthly mortgage. In this episode, I'm walking you through every single keeper card my husband and I hold year after year, showing you exactly how I value each benefit and how I personally decide whether a card earns its place in our wallet. 

I also want to be really clear: what works for our family isn't necessarily right for yours, and I don't think it should be. That's exactly why my team has built card benefit calculators on the blog — so you can plug in your own life and see what actually makes sense for you. At the end, I've got three simple action steps so you can do your own credit card spring cleaning and make sure every dollar you're paying in fees is actually working for you.

ACTION STEPS:

• Take stock of every card you have open. Use the Travel Freely app to stay organized, or track everything in a spreadsheet.
• Review every card with an annual fee. Use the benefits calculators on Katie's blog to assign your own values to each benefit and see if it's worth what you're paying.
• Make a plan. Use the "Ultimate Guide to Closing a Card" (linked in show notes) to understand the full evaluation process before canceling, downgrading, or keeping any card.

RESOURCES

• Detailed blog post on the Chase Sapphire Reserve: https://katiestraveltricks.com/sapphirereserve/ 
• Map of Chase Sapphire Reserve dining credit locations: https://katiestraveltricks.com/chase-sapphire-reserve-participating-restaurants/ 
• Overview article on the Chase Ritz-Carlton card: https://katiestraveltricks.com/the-complete-guide-to-the-chase-ritz-carlton-card/ 
• Episode on Citi ThankYou Points: https://youtu.be/8Zzdczsvti4 
• Bank of America Museums on Us program: https://about.bankofamerica.com/en/making-an-impact/museums-on-us-partners 
• Credit card spring cleaning post:

New Here?

Hi, I’m Katie from Katie’s Travel Tricks! I am here to help you learn the secrets that my family has been using for over a decade, using everyday expenses and welcome offers to supercharge your points earning. When you learn to do this, you can cover entire vacations every year.

Our family has been to Hawaii, Asia, the Caribbean, Europe — and more — all thanks to strategically earning and redeeming points. We've done this on a limited travel budget and now want to help you do it, too.

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Advertiser Disclosure: Some of the card links and other products that appear on this podcast are from companies which Katie's Travel Tricks will earn an affiliate commission. Katie's Travel Tricks is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. The content in this podcast is accurate as of the posting date. Some of the offers mentioned may no longer be available. Editorial Disclosure: Opinions expressed here are the autho...