Does Paying $2,700 in Credit Card Annual Fees Make Sense?

Financial Panther: “So, when you add it up, over the past year, I’ve paid a total of $2,740 in annual fees. That’s actually a bit surprising to me – I didn’t even realize I was paying that much in annual fees.”

“You just have to ask yourself one question – is the value I’m getting from the card equal to or more than the annual fee? If so, then the fee is worth it. If not, then drop the card.”