Elizabeth Ayoola

All right, so moving along, the listener wants to know whether it makes sense to cancel their travel credit card, especially with the increased annual fee. So Melissa, can you talk us through how to decide whether the annual fee is worth it, first of all?

All right, so moving along, the listener wants to know whether it makes sense to cancel their travel credit card, especially with the increased annual fee. So Melissa, can you talk us through how to decide whether the annual fee is worth it, first of all?

All right, so moving along, the listener wants to know whether it makes sense to cancel their travel credit card, especially with the increased annual fee. So Melissa, can you talk us through how to decide whether the annual fee is worth it, first of all?

Otherwise, you're better off with a no annual fee card. Melissa, I'm asking for myself, too. So I currently have two travel credit cards with pretty high annual fees. I probably have them both for under two years. And I just got hit with an annual fee. And I am trying to figure out how to go back and make sure that basically the fee is worth it.

Otherwise, you're better off with a no annual fee card. Melissa, I'm asking for myself, too. So I currently have two travel credit cards with pretty high annual fees. I probably have them both for under two years. And I just got hit with an annual fee. And I am trying to figure out how to go back and make sure that basically the fee is worth it.

Otherwise, you're better off with a no annual fee card. Melissa, I'm asking for myself, too. So I currently have two travel credit cards with pretty high annual fees. I probably have them both for under two years. And I just got hit with an annual fee. And I am trying to figure out how to go back and make sure that basically the fee is worth it.

So what are some practical ways that people can do that?

So what are some practical ways that people can do that?

So what are some practical ways that people can do that?

And that's what you want to avoid. So I'm thinking maybe a practical way people can do that is I'm an Excel sheet girl. So maybe noting down somewhere or kind of tracking what you're using, or maybe even just doing a recap at the end of the year to see how much of the benefits you've actually used. So do you think that's a way to go about it?

And that's what you want to avoid. So I'm thinking maybe a practical way people can do that is I'm an Excel sheet girl. So maybe noting down somewhere or kind of tracking what you're using, or maybe even just doing a recap at the end of the year to see how much of the benefits you've actually used. So do you think that's a way to go about it?

And that's what you want to avoid. So I'm thinking maybe a practical way people can do that is I'm an Excel sheet girl. So maybe noting down somewhere or kind of tracking what you're using, or maybe even just doing a recap at the end of the year to see how much of the benefits you've actually used. So do you think that's a way to go about it?

Well, I actually didn't know, so thanks for that, that you could downgrade a travel credit card. So that's good to know that that's an option. Some people take out several credit cards for the perks, be it travel rewards or points. And I know personally that it's easy to lose track of all the annual fees and also end up spending across multiple cards.

Well, I actually didn't know, so thanks for that, that you could downgrade a travel credit card. So that's good to know that that's an option. Some people take out several credit cards for the perks, be it travel rewards or points. And I know personally that it's easy to lose track of all the annual fees and also end up spending across multiple cards.

Well, I actually didn't know, so thanks for that, that you could downgrade a travel credit card. So that's good to know that that's an option. Some people take out several credit cards for the perks, be it travel rewards or points. And I know personally that it's easy to lose track of all the annual fees and also end up spending across multiple cards.

So how should people approach taking out cards for perks? And when is it time to reevaluate whether it's still a smart financial move?

So how should people approach taking out cards for perks? And when is it time to reevaluate whether it's still a smart financial move?

So how should people approach taking out cards for perks? And when is it time to reevaluate whether it's still a smart financial move?

Let's move on to the second part of the question now. So the listener asked whether they should cancel their card. Can you talk us through what the pros and cons of canceling a credit card are?

Let's move on to the second part of the question now. So the listener asked whether they should cancel their card. Can you talk us through what the pros and cons of canceling a credit card are?