 TITLE: Should I Cancel a Credit Card With an Annual Fee? CONTENT: When You Might Want to Cancel the Card\n--------------------------------------\nPaying the annual fee generally isn't worth it if:\n*   The rewards you earn don't cover the annual fee.\n*   You don't use the cardholder benefits.\n*   The card's program or rules have changed, and the card isn't valuable to you anymore.\n*   When a different card offers the same, or better, rewards for a lower fee.\nIf you're considering closing your card, perhaps because you rarely use it, you could call the card issuer and ask if there are any retention offers. Sometimes, you can get the fee waived, a statement credit that offsets the fee, additional rewards or another type of offer if you pay the fee and keep your card open.\nSome card issuers also let you keep your account open and \"downgrade\" or \"product change\" to a different credit card that doesn't have an annual fee. Doing so could be a good option if you might otherwise lose rewards, or if you want to keep the account open for credit scoring purposes. END