I just got approved for an HHonors Surpass Amex as part of a 3BM (the other two were the 75k bonus Amex Gold and the SPG Business Card). However, I've decided that apart from the 40k potential bonus, the card is useless to me. I've already been awarded Diamond Status from a status match and I would rather have the Citi HHonors Reserve card because most of my spending is abroad and the Citi card doesn't carry foreign transaction fees. The question is what should I do with the useless card that carries a $75 annual fee? Is it worth keeping it for the signup bonus and then using it as leverage for any future Amex cards I apply for? Or should I just cancel it?