I have a couple of cards with annual fees. Some of them pay for themselves (Prestige, Platinum, CSP, BCP, Marriott, Hyatt), some of them do not (Venture, Aviator, Green*, PRG*, SPG*).
I just downgraded my Barclay AAdvantage Aviator to the free version. I don’t use it much, I only got it to get the 50k miles. I received a bonus of 5,000 miles after spending $ 1k on the card. Another bonus is that it will remain a WEMC.
I also got rid of my Capital One Venture card, combined that sucker with my VS QuickSilver.
I will probably be axing my Amex Green card too.
* TBD – Usage and Amex offers may offset AF