Anonymous #1 20w

credit cards with good rewards sometimes have an annual fee and after the year, once you've used all the perks, it's useless to repay the annual fee. ex - I wanted tsa precheck, so I found a credit card that had $95 annual fee and gave a $120 credit for tsa precheck AND global entry. saved $25 by doing this, but you don't apply for that every year, so the $95 annual fee became pointless. didn't want to pay it again, so cancelled. some you spend an amount, you earn a certain amount of points

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Anonymous OP 20w

and that point value is more than the annual fee, but that bonus is only once. don't wanna pay the annual fee again because the perks aren't worth it anymore, so cancel it

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