Sean Pyles

So you can make this card worth that amount, but you have to work a lot harder to get that value.

I think at this point, you basically need a spreadsheet to track all of the monthly benefits, the quarterly changes that might be happening to the card too, to make sure that you are getting around $800 worth back from what you're paying.

I'm far too lazy to be sorting through all these various ever-changing benefits.

Less than $150.

It's being tricked by a company that wants you to spend money.

Exactly.

For a long time, cashback was the only way I went with my credit cards because they're just simple.

You can get a pretty good reward rate depending on which card you have and your spending categories.

And there are some great cards that don't have annual fees.

So check out the boxes for me.

OK, well, we'll be back in a moment with more of this credit card conversation.

Stay with us.

All right.

So, Sarah, let's talk about how to cover the cost of annual fees.

I think sinking funds could be a good tool here.

What's your thought on that?

Yeah, I actually am in that same situation right now.

I have a travel credit card that I took out a couple of years back.

The annual fee is coming due in a few months in August, and I know I'm going to cancel it in part because my new travel credit card that has an annual fee is also coming due in August.

And I don't want to be paying $700 in fees in a single month.