From Yahoo Finance · · 1m 50s
Rewards cards rules make benefits harder to get
Rewards cards now require more effort to use, but smart choices still pay off.
In brief
Rewards cards now require more effort to use, but smart choices still pay off. Credit card perks are becoming harder to access due to complex rules, but finding the right card and using it wisely can still provide value. Originally reported by Yahoo Finance.
Rewards cards fees rise
Around 16% of credit cards have annual fees, with the average annual one totaling $127.
Luxury cards charge high fees
The Mastercard Black Card runs $699 a year, while the American Express Platinum charges $895 annually as of August 2026.
Perks become harder to use
Cards like Chase Sapphire Reserve, Chase Sapphire Preferred, Amex Platinum, Amex Gold and Bilt program have added credits but raised annual fees.
Experts warn about quality of perks
Banks are scaling back on the quality and ease of use of rewards and perks, requiring more effort from cardholders.
High spending thresholds
Many perks require high minimum spending thresholds and long lists of statement credits to justify the annual fee.
Hotel credits are tricky
Hotel credits often require booking through the card issuer's portal and may not cover the full stay cost.
Real value matters more
A $200 credit isn't worth $200 if it causes you to spend with a company you otherwise wouldn't use.
Marietta Williams cancels card
Marietta Williams canceled her Amex card after a fee increase from $695 to $895 and a rule change for airport lounge guests.
How to use rewards cards wisely
Match card credits to existing spending habits and calculate if credits cover the annual fee.
Tools for tracking rewards
Use credit card tracker apps, spreadsheets, or notes to manage credits and benefits effectively.
Check cards before renewal
Add up spending before renewal to ensure credits cover the annual fee or switch to a better card.
The essence
Credit card perks are becoming harder to access due to complex rules, but finding the right card and using it wisely can still provide value.
