The End of Credit Card Rewards, and When to Cancel Luxury Credit Cards

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 5 December 2022

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Credit card rewards programs might be on the chopping block in Congress. To start off this episode, Sean Pyles and Liz Weston talk with a credit card Nerd about what’s happening and what it might mean for your credit card rewards. Then Sean is joined by personal finance Nerd Kim Palmer to answer a listener’s question about when to cancel a luxury credit card. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Timestamps: This Week in Your Money segment: 0:00 - 11:29 Money Question segment: 11:30 - 28:08 Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Prime Video brings thrilling entertainment.
0:03.0	Watch Heavyweight Detective Breacher, Season 3 included with Prime.
0:07.0	Exactly how much danger is this job putting me in.
0:10.0	Treat yourself to the lovably chaotic Bridget Jones mad about the boy available to buy.
0:15.0	Did you have sex? Did you have sex?
0:17.0	Did you have sex last night?
0:19.0	Yes! And it was amazing!
0:23.0	Whatever you're into, it's right here.
0:25.3	Prime Video.
0:27.1	Click or tap the banner to find out more.
0:35.3	You can get a lot of sweet perks from credit cards with annual fees, but how can you tell
0:40.0	if they're worth the cost or whether you're better off canceling the card?
0:44.0	Find out this episode.
0:45.0	Welcome to the Nerd Wallet Smart Money Podcast, where you send us your money questions,
0:49.7	and we answer them with the help of our genius nerds.
0:52.3	I'm Sean Piles.
0:53.3	And I'm Liz Weston. If you want the nerds to answer your money question, call or text us on the nerd hotline at 901-7306373.
1:02.0	That's 901-730 Nerd or email us at podcast at nerdwollet.com.
1:08.0	We want to hear as many of your questions as possible, so please send us a voicemail or a voice memo if you can.
1:13.6	And if you like what you hear, please leave us or review and tell your friends.
1:17.6	In this episode, we'll turn to a credit card scenario to answer listeners' question about canceling premium credit cards.
1:23.6	But first, we'll talk about potential legislation that could completely upend credit card
	...

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