This is a question that many people have been asking themselves especially now that the game-changing Chase Sapphire Reserve annual fee will begin to be due again. Those who have the Amex Platinum card with the new higher annual fee are also asking the same question. Then, there are many people who carry both cards. In that case the question becomes should I just keep one of the cards?

The most important question is: are you making the most of all the benefits these cards offer? That is, are you getting more than the annual fee costs?

For instance, If you don’t travel at all, I can’t see how these cards make any sense. However, for those of us who are on the road constantly, having both of these cards can be very beneficial.

If you have any doubts, it is important to evaluate the situation. Keep in mind that there are many great cards without annual fee out there. Having a CSR or the Platinum card just to impress people is perhaps the worst use. On an upcoming post we will provide a simple way to evaluate if keeping your premium card makes sense or not.

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