I upgraded from the rewards visa to the premier visa. You should cancel one. If you charge enough to justify the annual fee, then the premier visa is the best choice because you earn more points for certain purchases and use your points towards airline tickets. If you don't charge enough to justify the fee then the rewards visa is the best choice. If you have both cards and are still using the rewards visa you are missing out on extra points that you could earn with the premier visa. We put as many expenses as possible on our premier visa and pay it off each month. We have used our rewards for free flights and lots of free stuff at WDW and DLR.