All three of us have a lot of credit cards, but there come the time when we wonder if the card is still serving us.

We have to decide, should I cancel it, should I downgrade it, or do I keep it open and put it in the sock drawer?

Listen in as we share our strategies with you.

Welcome to Points Talk.

We are three moms who've discovered how to leverage credit card welcome offers to get hundreds

of thousands of dollars of travel expenses for nearly free.

We've used credit card points and miles to take vacations to places like Hawaii, Paris, Greece,

Maldives, Japan, and so much more.

And the best part?

We each still have 800 plus credit scores.

Imagine being able to take the vacation of your dreams

for nearly free. It's totally possible and we're here to show you how.

Hey, I'm Alex. And I'm Pam, Alex's mom. And I'm Jess. Let's Talk Points. In today's episode,

we're breaking down when canceling a credit

card actually makes sense or when downgrading might be the smarter move. If you've ever looked

at your annual fee and thought, I should probably do something about this. This episode is for you.

This was a highly requested episode. And this is a question we get all the time.

People will email us or DM us or post in our Facebook group and say, my annual fee on this

card just posted, should I cancel it? And this is going to be frustrating for a lot of you,

but the answer is usually it depends. Do you know what else though that people will say

is they'll say, I just opened up this card. What should I do with it? When the annual fee comes

by and we're like, you have a year to figure it out. You don't need to decide right when you open

...