With a wallet full of credit cards, it's best practice to commonly assess your credit card portfolio to ensure that the benefits you receive from the cards outweigh the annual fees that you pay. If not, it's time to close that card or cards in most cases.

Chase Ultimate Rewards is one of our favorite flexible rewards currencies, and today’s news adds a much needed boost for Ultimate Rewards.

When I’m trying to decide what my next credit card is going to be, I consider a lot of factors. What trips do I want to take in the next one to two years? What points do I currently have? What points do I want? What’s my 5/24 status? 

These questions always help guide me towards a card that will help me meet my goals. I don’t open cards just for the sake of opening them.