The usual answer for keep vs. cancel regarding annual fees these days is cancel. There are two cards where this rule did not apply. First is Chase Ink. Second is the Amex Business Gold. I use both of them to get 3X points on ads. For me, that’s the best way to accumulate points and more importantly, money. The annual fee of $175, the grandfathered rate, for my Business Gold came due. I called to see if anything could be done about the fee. Usually I ask for points, but since points are useless right now, I asked for them to eliminate the annual fee. Surprisingly, I was offered $100 statement credit. I accepted it and on we go.
I’m happy to refer anyone looking to sign up.
TPOL’s TIP: The new version has an annual fee of $295, but you do get 4X points on ads. Tempting but not worth the cash for me.
Bad decision. Always cancel useless cards so you can re-apply again sooner.
Clearly you don’t read
You kept the card, and paid a net fee of $75. You are getting 1x extra for ads over a no annual fee 2x card (AMEX Blue Business). At 1.7 cpp, you would need to spend at least $4,412 per year on ads. You spend that much for one reader? Just write me a check for $2,000 and we’ll call it even.
I don’t run ads for my blog
Oh, ads for your law firm. You have clients?
You’ve reached your lame comment quota. Please come back tomorrow.