Keep or Cancel
Should you keep, downgrade, or cancel?
Miles compares a card's credits, perks, and rewards with its annual fee. Benefits that overlap with another card are counted once.
Count only the value a card adds
A benefit matters only when it adds value beyond the rest of your wallet. A second lounge membership may add little. A travel credit is worth its full amount only if you would have made the purchase without it. Miles accounts for overlapping perks, overlapping bonus categories, and the credits you use.
The result shows the card's value at your valuations, subtracts its annual fee, and recommends whether to keep, downgrade, or cancel.
Consider the downgrade options
Many premium cards can be changed to a no-annual-fee card in the same family, preserving the account history and credit line. Miles includes available product changes when it compares keeping the card with canceling it. You make the change with the issuer.
Try asking
- Is the Chase Sapphire Reserve generally worth its annual fee?Is the Sapphire Reserve worth keeping?
- Is the Amex Platinum worth it for someone who travels twice a year?Should I keep or cancel my Amex Platinum?
- When should I cancel a card vs downgrade it?What are my product change options for my Sapphire Reserve?
Where it lives
- Ask Miles
- “Is the Sapphire Reserve worth keeping?”
- Over MCP
- analyze_keep_cancel