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When to Hold 'em and When to Fold 'em

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Manage episode 412153422 series 2509237
Content provided by Award Travel 101 Team. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Award Travel 101 Team or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Thanks to a recommendation from a member, we decided to review when to hold 'em and when to fold 'em.

  • Is there long-term value?
  • Are the benefits enough to offset the annual fee?
  • If not, is there a retention offer?
  • If no offer, is there a path to product change to preserve the credit line to help with utilization ratio
  • If there's no path to product change, consider closing the card as long as it’s not the oldest card
  • If no annual fee, little reason to close. If you’re not using them though, put a small charge on them periodically.

Links to Topics Discussed

Where to Find Us
For questions, you can join us in the free 110,000+ member Award Travel 101 Community.

  1. To book time with our team, check out Award Travel 1-on-1.
  2. You can also email us at 101@award.travel
  3. Our next meetup will be announced soon. Visit the Award Travel Meetups page for details once announced.

Support the AT101 Podcast/Community

  continue reading

121 episodes

Artwork
iconShare
 
Manage episode 412153422 series 2509237
Content provided by Award Travel 101 Team. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Award Travel 101 Team or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Thanks to a recommendation from a member, we decided to review when to hold 'em and when to fold 'em.

  • Is there long-term value?
  • Are the benefits enough to offset the annual fee?
  • If not, is there a retention offer?
  • If no offer, is there a path to product change to preserve the credit line to help with utilization ratio
  • If there's no path to product change, consider closing the card as long as it’s not the oldest card
  • If no annual fee, little reason to close. If you’re not using them though, put a small charge on them periodically.

Links to Topics Discussed

Where to Find Us
For questions, you can join us in the free 110,000+ member Award Travel 101 Community.

  1. To book time with our team, check out Award Travel 1-on-1.
  2. You can also email us at 101@award.travel
  3. Our next meetup will be announced soon. Visit the Award Travel Meetups page for details once announced.

Support the AT101 Podcast/Community

  continue reading

121 episodes

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