8 things I do with my credit cards now so I'm not sorry in January - Business Insider

, so I need to make sure I'm getting the most from my cards. But even if you're paying significantly less, you won't want to pass up the perks, benefits, and credits your cards can give you.

The end of the year is a good time to perform an annual review of your finances, and your credit cards are part of those. I use the eight-step checklist below to ask myself what I should start, stop or continue doing when it comes to my credit card portfolio. Before I do anything else, I make sure I've used all of the benefits that are offered by my cards yearly. For example, many American Express Cards like theoffer a yearly airline fee credit.

Especially if your credit card is tied to an airline loyalty program, consider whether it still makes sense to keep. But, don't get too cut-happy either — just because there has been a devaluation during the year doesn't mean that it makes sense to get rid of your cards. Cards like the that earn Ultimate Rewards points are still great cards to have, even with the removal of Korean Airlines as a transfer partner. This time, I'm looking at you, Citi. Cards routinely change up the benefits they offer, but this year, Citi made major cuts to card benefits, removing most of the travel and purchase protections from even its most premium cards like the Citi Prestige Card.

If you're still carrying a Citi card, check whether the benefits are still what you signed up for, and whether they justify the annual fee. It's not just Citi, though. Other card issuers have also made negative changes to benefits this year, so review the current benefits to ensure the cards offer the coverage you expect.

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