 TITLE: How to Manage Multiple Rewards Cards CONTENT: 5\\. Don't Forget About the Annual Fees\n--------------------------------------\nIf you have multiple rewards cards, you probably have multiple annual fees. The good news is if you maximize your spending, these fees could easily pay for themselves.\nFirst, make sure you know when these fees hit each year so you can plan for the extra payment amount on your monthly bill. It's also helpful to be aware of these dates in case you ever want to downgrade a card to one with no annual fee or close your account. Remember, closing accounts can have a negative impact on your credit score, so always look into downgrading a card before deciding to close an account altogether.\nDepending on how many rewards cards you have—and especially if you have a card with an annual fee in excess of $400—you're going to want to have a system in place to make sure you aren't paying too much for too little. The rewards earned by most cards make paying the annual fee worth it, but if you have cards you hardly use or that offer measly reward options, you may consider downgrading or changing that card for something else to avoid having to pay for something that isn't returning the value. END