2 Dodge a High Annual Fee

Reaping your fanciest credit card’s rewards isn’t a certainty—but that hefty annual fee sure is. If you haven’t taken advantage or if it’s not in the budget anymore, downgrade to a card with a lower (or no) annual fee under the same issuer. It won’t damage your credit the way canceling would, and you won’t have to pay a fortune for a card you no longer use.