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.

American Express offers two different types of card - regular credit cards we are all very familiar with and the no pre-set spending limit cards.

Are all American Express cards the same? A card’s a card, right? Why do some cards have a credit limit and some don’t?

Most people don’t give too much thought to these questions, but it’s important to understand the difference because credit cards with and without a spending limit are two very different financial tools.

If we were to start handing out awards here at MileValue, we can officially declare Chase the winner of some of the most exciting updates in the credit card marketplace for September 2020. Between updating the welcome bonus on the Chase Sapphire Preferred to 80,000 points, and improving the Chase Freedom Unlimited® and the introduction of the Chase Freedom Flex℠, Chase has been all over the news in the points and miles world as of late.

And guess what: they’re back in the news again.

Welcome back! Let’s continue our series on the types of credit card reward programs frequented by travelers.

In the coming weeks we’ll be looking at different types of credit cards and their reward programs, with an aim to introduce you to those frequently used by travelers. Such a topic can be divided into three categories: transferable programs, airline and hotel branded cards, and fixed point value cards.

An interesting post on Reddit caught my eye called "The Economics of Churning: who pays for the rewards?"

("Churning" is the milesphere's term for opening cards, getting their bonuses, closing the cards, and repeating.)

While I don't agree with the post's conclusions about who pays for rewards, it does present a lot of interesting information for anyone who wants to understand the business of credit cards a little bit better.

Poster Buddy5000 writes:
I do have an undergraduate and graduate degree in business.

This offer is expired. See the new offer and analysis here.

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A few readers have reported to me that they applied for the Citi Prestige® Card and either got a response that their application was pending or denied. What are their options?

The Citi Prestige® Card has been one of my favorite cards since I got it in March.

All these offers are expired.