Sara Rathner

But otherwise, if that's not on the horizon for you, there are times where it's totally appropriate to cancel a card.

Elizabeth, you make up a really excellent point that you moved to a place that was not served by an airline that you previously flew more often.

So anytime you have a big life change,

like a relocation, a major change to your income because of a promotion or a new job, having children, getting married, getting divorced.

Those are all really good times to look at the cards that you're carrying and ask yourself if they're still a good fit for your life as it is now.

So you bring up an excellent point.

A lot of credit cards will offer a welcome bonus that could be worth, you know, a couple hundred dollars when redeemed for travel.

Some cash back cards have welcome bonuses that are worth typically $150 to $300.

And you have to hit a spending minimum in a set period of time to earn the bonus.

So you might see spend $3,000 in the first three months or spend $6,000 in the first three months or sometimes you have the first six months.

And so the thing to keep in mind is, can you easily hit that spending minimum with your typical spending?

Or do you have some sort of planned large expense that you can use that card for that will get you most of the way there?

Like, you know, you have car repairs coming up.

Maybe you're doing a renovation on your home.

Maybe you even have some big medical bills.

I got some credit card signup bonuses for my C-section, you guys.

Let me tell you.

Wow.

Yeah.

Gain for your pain.