As each year comes to a close, it’s important to engage in financial housekeeping. It’s a task that should include, among other things, reviewing overall spending patterns, your progress toward savings and retirement goals, and not to be overlooked—reviewing your credit card accounts.
An annual credit card audit can yield a variety of useful information. Perhaps chiefly, this exercise helps identify credit card benefits and rewards that may be set to expire as the year elapses. But that’s merely one of the reasons to engage in this task. There are many other financial and credit score-related benefits associated with conducting a thorough annual review of your credit cards.
