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View Full Version : Anyone pay a CC annual fee willingly because of a benefit?


travelbug
07-19-2011, 02:49 PM
None of my current credit cards have an annual fee. I'm curious if anyone willingly pays an annual fee to have a certain credit card, because an incentive outweighs the cost of the fee.

For example, I just saw an offer for a Marriott credit card. Annual fee is $65 (after the first year which is free). One of the benefits offered is one free night each year. If a person were traveling anyway and would use that free night's stay each year for sure, then $65 would seem to be a fair trade. If other incentives or rewards seemed attractive enough, then maybe the annual fee would be tolerable whereas usually I refuse to pay annual fees.

Not saying that I plan to get the Marriott card. Seeing the offer just got me curious. So have any of you tolerated paying an annual fee because the incentives/rewards made it worthwhile?

TinkPirateMom
07-19-2011, 03:11 PM
I pay a $30.00 annual fee for my BoA debit card. I had a free one for years but switched to this one and willingly pay because it is a US Airways Dividend Miles card and the benefits outweigh the costs for me personally.

Gr8t Fan
07-19-2011, 03:12 PM
I just got the Southwest credit card from Chase which has a $99/year fee, but gave me 50,000 miles (enough for 3 RT flights from Chicago to Florida) for signing up and enough miles at renewal to make the fee a wash. It's going to be the new card that we'll use for EVERYTHING.

Zerosinthecloset
07-19-2011, 03:12 PM
We're willing to pay the annual fee for our Southwest Visa cards because we get way more back for that fee. Under the old Rapid Rewards system, we each got 5 to 6 free flights per year, and already we have quite a few points for free flights in the future.

IDoDis
07-19-2011, 03:34 PM
I just got the Southwest credit card from Chase which has a $99/year fee, but gave me 50,000 miles (enough for 3 RT flights from Chicago to Florida) for signing up and enough miles at renewal to make the fee a wash. It's going to be the new card that we'll use for EVERYTHING.

I got in on that deal, too. I think it expires in 2 more days so it's still not too late to sign up. After I make my first purchase (I can buy something for as low as a dollar), the 50,000 points get credited to my card (good for $800 in airfare). Then each year at renewal, 6,000 points gets added to the card which is equal to $100 in airfare so the fee is a wash. The points never expire, either. I'm going to use this card to buy groceries and pay the mortgage and then pay it off each month. Hopefully by our trip next summer, we'll have another free flight earned.

bumbershoot
07-19-2011, 03:44 PM
We pay $25 per year to our credit union to get the rewards on the CC. Since we've recently cashed out for $150 worth of amazon.com giftcards, it's working for us.


We *were* even paying that same amount to Chase to have a Disney Debit Card, because again the rewards worked out for us, but now that's gone and we will not be using Chase in the future (shot themselves in the foot with that one IMO).

scootch
07-19-2011, 03:47 PM
What I usually do is call before the year is up, I call to cancel it.... and when they ask why, I say because of the annual fee and most times they will say, ok, we will drop the annual fee. Worth a try!

IDoDis
07-19-2011, 03:56 PM
What I usually do is call before the year is up, I call to cancel it.... and when they ask why, I say because of the annual fee and most times they will say, ok, we will drop the annual fee. Worth a try!

That used to work quite easily years ago when many cc companies charged an annual fee. Then all of the fees went away and most cards (aside from cards like southwest or Amex) were free.

Now that people are using debit cards more and trying to pay down their credit, banks and cc companies are offering these special incentives to sign up and give you points along the way. I don't know though if the old argument of canceling the card would work in order to get rid of a fee since you've been able to take advantage of the sign-on bonus already. Now if southwest says, "sure, we'll not charge you the fee (which they won't do), then they wouldn't give you the free points either, so you are basically not saving anything and damaging your credit at the same time.

bettymae1121
07-19-2011, 03:58 PM
Yes, I pay a $60 annual fee for my United Airlines visa card. I earn about 30k miles a year, enough for a free domestic ticket or 1st class upgrade, that's more than worth the fee I think.

I plan on switching to the Starwood hotel credit card. I fly for free (usually) due to a work perk so I used to use the miles I earned to upgrade to 1st. But upgrades are getting harder to get, plus UA is charging $100 per ticket to upgrade in addition to the miles needed. While I'll miss 1st class, if I make the switch I'll be flying AND staying for free (there are Sheratons in every destination we normally travel to) so I think that will be worth having to put up with coach, I think.

ancestry
07-19-2011, 04:05 PM
I pay an $40 annual fee on my Jet Blue American Express Card. We put all of our purchases on the card and it usually earns us several free airlines tickets every year. $40 is worth it to me to get close to $1,000 each year in free airline tickets.

SuzanneSLO
07-19-2011, 04:11 PM
We pay an annual fee for the AA MC, Starwood Amex and Amex Platinum. each of them provides enough benefit to me to make it worthwhile. We also have other credit cards which do not charge fees (or we have had those fees waived). On those other cards, such as the Disney Visa, we would not keep the card if there was a fee. It all depends on your reward earning strategy and how much you charge. We don't use a debit card or cash, so we charge a lot. -- Suzanne

csmommy
07-19-2011, 04:13 PM
Yes, we pay a small fee (under $100) for our Starwood Amex. Every year we use our points plus $180 total cash to stay at a Starwood hotel for 4 nights right on the beach at Virginia Beach facing the ocean with a balcony so it is very worth it for us!

dtstampz
07-19-2011, 04:29 PM
I just renewed my Delta gold card--first time paying the $95 fee. But I do get a free checked bag for every person on the flight reservation, and I have THREE trips using Delta this year, so I feel it's worth it. For now! ;)

OrangeCountyCommuter
07-19-2011, 04:32 PM
Yes. My Amex gets me a better shot and an upgrade on Delta. It gets me into the their SkyClub and gives me more miles....

LizEN
07-19-2011, 04:36 PM
None of my current credit cards have an annual fee. I'm curious if anyone willingly pays an annual fee to have a certain credit card, because an incentive outweighs the cost of the fee.

For example, I just saw an offer for a Marriott credit card. Annual fee is $65 (after the first year which is free). One of the benefits offered is one free night each year. If a person were traveling anyway and would use that free night's stay each year for sure, then $65 would seem to be a fair trade. If other incentives or rewards seemed attractive enough, then maybe the annual fee would be tolerable whereas usually I refuse to pay annual fees.

Not saying that I plan to get the Marriott card. Seeing the offer just got me curious. So have any of you tolerated paying an annual fee because the incentives/rewards made it worthwhile?

I use that exact card and pay the fee. It has been well worth it for us as the fee is cheaper than the room would have cost us and we always use it. The other benefits work for us too. We stay in a lot of Marriotts anyway for work and have made great use of the points for personal travel.

If you don't want to pay the fee, Marriott has a free credit card that gives fewer perks. Or at least they used to.

AmandaRG
07-19-2011, 04:51 PM
We have a US Airways card with a $99 annual fee. With it we earn towards a free ticket, get two $99 RT companion tix, and a pass for their Club (in certain cities). It has been so worth it for us, as we have 4 tix to buy, so usually we pay full fare for 1, $0 for 1, and $198 for the last two. Not too bad.

alyssa810
07-19-2011, 05:00 PM
I'm another one paying fees on AMEXs for Starwood and Delta. My DH has the SW Chase card, and I'm actually trying to decide if it's worth it for me to get one as well, since we fly Southwest more than Delta, but I have so many Delta miles I don't want to get rid of the Delta Amex....:confused3

I do prefer my cards with no fees though.

scootch
07-19-2011, 05:20 PM
That used to work quite easily years ago when many cc companies charged an annual fee. Then all of the fees went away and most cards (aside from cards like southwest or Amex) were free.

Now that people are using debit cards more and trying to pay down their credit, banks and cc companies are offering these special incentives to sign up and give you points along the way. I don't know though if the old argument of canceling the card would work in order to get rid of a fee since you've been able to take advantage of the sign-on bonus already. Now if southwest says, "sure, we'll not charge you the fee (which they won't do), then they wouldn't give you the free points either, so you are basically not saving anything and damaging your credit at the same time.

It worked recently for me on a Chase Freedom that gave me a $200 bonus after first purchase. They dropped the fee, kept me as a customer. Worth trying.

Cheshire Figment
07-19-2011, 08:53 PM
I spend the $65 for the Chase/Marriott Signature Card. I get 5 points for every dollar spent at any Marriott (even if going only to a restaurant). The certificate is good for any group 1 to group 4 stay. But what I consider most important is that I automatically get credit for 15 nights of staying; which is enough, on its own, to get me into Silver Elite and has helped me for several years to get into Gold Elite and even (current year) Platinum Elite.

My latest stay at a Marriott Suites for a week came to $1,150 including taxes and purchased meals. I got credit for 11,500 points base plus 5,750 Platinum bonus plus there will be another 5,750 for the spending on the credit card, for 23,000 points total.

prncess674
07-19-2011, 09:41 PM
I am a credit card "churner" meaning I am constantly signing up for new cards that offer big bonus miles/points. Many of these bonus miles come with no annual fee for the first year, some with a fee which pays for the initial bonus miles. For example earlier this year Citibank had an offer for 75,000 bonus miles, no annual fee for the first year as long as I charged $3,000 in the first 90 days. 75K is the equivalent of 3 domestic coach tickets or just under what is needed for a biz class ticket to Europe. The card will renew in a few months and I will cancel and close the card before I am dinged with an annual fee.

I have one no fee card that is my oldest card that I wll never close since it is what determines my length of credit history. My overall credit card score hovers between 790-815 so it isn't a big deal to keep applying for cards. I simply close these cards because I don't want open credit with these banks if another amazing offer comes down the pipeline.

scbelleatheart
07-19-2011, 10:12 PM
Yes. My Amex gets me a better shot and an upgrade on Delta. It gets me into the their SkyClub and gives me more miles....
I agree with the Amex Plat benefits but it sure isn't budget! Only if you fly/travel a lot.

travelbug
07-19-2011, 11:03 PM
OP here. Hey, thanks for your replies, everyone! Wow, there's a good variety of incentives that people have mentioned here. Very interesting to see how everyone has crunched the numbers and weighed the factors to make various deals work well for each of you.

I also appreciate reading what a couple of you have experienced with the Marriott card in particular. That one may be a good fit for me.

WheelCEO
07-19-2011, 11:56 PM
I pay a hefty yearly fee for my black card but with all of the overseas traveling that I do for business it really is a life saver. I've considered given it up because of perks that other cards offer but I'm one of those "dont fix it if it isn't broken" people

swilshire
07-20-2011, 08:05 AM
None of my current credit cards have an annual fee. I'm curious if anyone willingly pays an annual fee to have a certain credit card, because an incentive outweighs the cost of the fee.

For example, I just saw an offer for a Marriott credit card. Annual fee is $65 (after the first year which is free). One of the benefits offered is one free night each year. If a person were traveling anyway and would use that free night's stay each year for sure, then $65 would seem to be a fair trade. If other incentives or rewards seemed attractive enough, then maybe the annual fee would be tolerable whereas usually I refuse to pay annual fees.

Not saying that I plan to get the Marriott card. Seeing the offer just got me curious. So have any of you tolerated paying an annual fee because the incentives/rewards made it worthwhile?

This is the only one I pay for. No way you can get any Marriott room for $65 total (no tax added).

I had this card and dropped it once, however, because the free night is only good for six months from the anniversary date of getting the card. I had initially signed up at a bad time of year for me to use the free night. I dropped it for a while, then signed up again in the spring when I had all summer to use the free night. Much more convenient.

Sheila

bumbles3248
07-20-2011, 08:39 AM
We have the Delta Platinum Amex but feel it's worth every penny! We always use the free companion ticket and with my DH being a platinum medallion member, there are a lot of perks. We charge everything we can to it and the miles add up.

Judique
07-20-2011, 08:49 AM
We pay $25 per year to our credit union to get the rewards on the CC. Since we've recently cashed out for $150 worth of amazon.com giftcards, it's working for us.


We *were* even paying that same amount to Chase to have a Disney Debit Card, because again the rewards worked out for us, but now that's gone and we will not be using Chase in the future (shot themselves in the foot with that one IMO).


Our Navy Federal credit union has a fee free rewards visa and mastercard card and the interest rate is 7.99 I think - I pay balance every month. One point per dollar but I've managed to get many 'Visa' cards to use like cash anywhere.

I also use the AMEX Starwood Card that I've had for almost as long as they've had the program. I've always got free hotel rooms, including Swan and Dolphin at Disney. Any room is usually more than the fee and since I use my card at Costco the points just keep coming.

The program is still better than most I've seen, but has decreased over the years.

Some of the other programs are tempting, but I just can't see carrying all that credit.

beansmom
07-21-2011, 12:21 AM
we pay a fee (around $60 i think) for our Citicard MC but in the last 3 yrs we've accrued enough FF miles to go to London and Italy and we'll be able to go to Hawaii free next year. A 'free' trip to europe every year is worth $60 imo.

elaine and the boys
07-21-2011, 05:27 AM
Yes! The $65 fee for my Starwood American Express pays for itself for our free nights at Sheraton and Westin hotels (ie: SWAN and DOLPHIN!) :goodvibes

lurkernj
07-21-2011, 07:47 AM
We pay $65 for our continental visa. We've paid this for about 18 years, but four of us have flown to Hawaii from NJ for free (next week will be our 2nd time), thats about 7-8k worth of free airfare, plus we've flown to New orleans, and still have over 100k miles left. We also get free baggage on Continental flights (one free bag for each person on the reservation). We use this card for everything (except when Disney is offering bonus points). The important thing is to pay it off each month.

ericf70
07-21-2011, 08:13 AM
I got in on that deal, too. I think it expires in 2 more days so it's still not too late to sign up. After I make my first purchase (I can buy something for as low as a dollar), the 50,000 points get credited to my card (good for $800 in airfare). Then each year at renewal, 6,000 points gets added to the card which is equal to $100 in airfare so the fee is a wash. The points never expire, either. I'm going to use this card to buy groceries and pay the mortgage and then pay it off each month. Hopefully by our trip next summer, we'll have another free flight earned.

How do you get your mortgage on your CC?

csmommy
07-21-2011, 09:07 AM
How do you get your mortgage on your CC?

I would live to know how to do that too!

travelbug
07-21-2011, 09:47 PM
How do you get your mortgage on your CC?I'd love to know that too. Is that really possible? If so, please fill us in, IDoDis. Thanks!

annsteere
07-23-2011, 07:50 AM
Does your benefit work out to better than 1%?

We have a no fee card that gives us 1% cash. I figure I can spend that on anything rather than being limited to a Disney trip, hotel room or particular airline.

I'd be open to paying a fee if what you earn is better than 1% cash.

bpesch
07-23-2011, 08:46 AM
I absolutely hate to pay an annual fee for a credit card, but did it with Delta because of the benefits. The card allows me to get a free bag on each flight for up to 6 people in my party. At $25 a bag, the card paid for itself the first flight I used it on. Since Delta is one of the few airlines that flies out of my little airport, it's a good deal for me.

Julia M
07-23-2011, 03:45 PM
None of my current credit cards have an annual fee. I'm curious if anyone willingly pays an annual fee to have a certain credit card, because an incentive outweighs the cost of the fee.

For example, I just saw an offer for a Marriott credit card. Annual fee is $65 (after the first year which is free). One of the benefits offered is one free night each year. If a person were traveling anyway and would use that free night's stay each year for sure, then $65 would seem to be a fair trade. If other incentives or rewards seemed attractive enough, then maybe the annual fee would be tolerable whereas usually I refuse to pay annual fees.

Not saying that I plan to get the Marriott card. Seeing the offer just got me curious. So have any of you tolerated paying an annual fee because the incentives/rewards made it worthwhile?

I also have a Marriott card. As others have posted, the $65 fee gets you a free room. In the past two years there has been varied promotions, such as have 2 stays and get a free night. Last year I also received free nights for charging a certain amount on my card. This spring I ended up with 3 free nights. I travel alot with dd for her competitions, so those nights help. We travel with another family and I was able to help them out by sharing a room.

The other perks are nice, as well. I was able to obtain gold status, which gives some perks. Sometimes you can get a cheaper room, because you are an awards member.

I am considering a Southwest VISA, but missed the promotion for 50,000 points. I am hoping something like that comes around again.

Julia

carolsherman
07-23-2011, 04:29 PM
Curious on how to pay your mortgage with the card to???? Most companies go thru a 3rd party that charges a fee.

mrsklamc
07-23-2011, 10:05 PM
Technically, yes. We pay an annual fee on our Costco Amex, but then we get our Costco membership free, which would have cost us about the same amount. We get up 3% cash back on our spending depending on the category.

klmall
07-23-2011, 11:25 PM
Curious on how to pay your mortgage with the card to???? Most companies go thru a 3rd party that charges a fee.

That's what stopped us from charging college tuition!

Judique
07-23-2011, 11:40 PM
That's what stopped us from charging college tuition!

Yii! That's too bad. So far I've been able to charge tuition on my credit cards without additional fees.

Never have been able to do a mortgage however.

IDoDis
07-25-2011, 02:11 AM
How do you get your mortgage on your CC?

I would live to know how to do that too!

I'd love to know that too. Is that really possible? If so, please fill us in, IDoDis. Thanks!

Curious on how to pay your mortgage with the card to???? Most companies go thru a 3rd party that charges a fee.

I asked DH and he said we're not able to do this anymore, but used to do it with his Amex card where we got back 2% in rewards. I just assumed we were still paying the mortgage this way and that we could do the same thing with the Southwest RR Visa.

Sorry for the confusion.

QVCshopper
07-25-2011, 06:20 AM
We have the 529 Fidelity College Rewards card. We are grandfathered at 2% (I think it is now 1.5% for new signups) on every purchase and there is no annual fee. All of our rewards get put into a 529 plan for our kids, and we've done pretty well with it since we charge everything that we can.

Debating the Southwest card; I recently got that offer in the mail.

jodifla
07-25-2011, 08:55 AM
I absolutely hate to pay an annual fee for a credit card, but did it with Delta because of the benefits. The card allows me to get a free bag on each flight for up to 6 people in my party. At $25 a bag, the card paid for itself the first flight I used it on. Since Delta is one of the few airlines that flies out of my little airport, it's a good deal for me.

Yes, I even upgraded to the Platinum card which gives us a free companion ticket each year. We have one annual trip where the airfare is just outrageous, so it saves us hundreds of dollars each year just on the one plane ticket.

Then you add in all the baggage fees, and the savings jumps to pushing a grand a year for my family. Worth the fee for that.

Interpol
05-01-2012, 05:43 PM
Sorry to dredge up an old thread, but it appeared to be the most appropriate one.

Recently received an invitation to upgrade from my Amex Platinum to Centurion (Black), so I jumped on it. Annual fees are hefty ($5000 initiation fee, $2500/year) but you get a boatload of travel benefits:

Access to American, Delta, US Air, Priority Pass airport lounges
Automatic Gold status on Delta and Virgin, Platinum status on US Airways frequent flyer programs
Automatic membership in Avis Presidents Club, Hertz #1 Club Gold, National Emerald Executive
Automatic Starwood Preferred Guest Gold status
Free international business/first class companion airline tickets
24/7 Concierge
Fine Hotels & Resorts program
$200 annual airline fee/incidentals credit

Plus a bunch of other benefits. Considering that a single annual airline lounge membership is $300-$400, it's well worth the annual fee.

scbelleatheart
05-01-2012, 08:00 PM
Sorry to dredge up an old thread, but it appeared to be the most appropriate one.

Recently received an invitation to upgrade from my Amex Platinum to Centurion (Black), so I jumped on it. Annual fees are hefty ($5000 initiation fee, $2500/year) but you get a boatload of travel benefits:

Access to American, Delta, US Air, Priority Pass airport lounges
Automatic Gold status on Delta and Virgin, Platinum status on US Airways frequent flyer programs
Automatic membership in Avis Presidents Club, Hertz #1 Club Gold, National Emerald Executive
Automatic Starwood Preferred Guest Gold status
Free international business/first class companion airline tickets (booked thru AMX travel only in certain fare codes)
24/7 Concierge
Fine Hotels & Resorts program
$200 annual airline fee/incidentals credit

Plus a bunch of other benefits. Considering that a single annual airline lounge membership is $300-$400, it's well worth the annual fee.

I get all those benefits except what is bolded and Free Global Entry and Sentry with my AMX Plat card and pay $450 for the first card and $300 the second. I can't justify $7500 for the card and we travel extensively for work.

Interpol
05-01-2012, 08:20 PM
I get all those benefits except what is bolded and Free Global Entry and Sentry with my AMX Plat card and pay $450 for the first card and $300 the second. I can't justify $7500 for the card and we travel extensively for work.

Yes, the Amex Plat is a great card too with about 80% of the benefits you get from the Black for about 25% of the annual fee. :) I upgraded from a Plat that I've had for several years and it was my go-to card for most purchases.

Incidentally, the Priority Pass membership you get with the Centurion is different than the Plat in that it allows for free admission of guests too, and the concierge (Centurion Concierge) is different. The Avis membership you get with Plat is Avis Preferred while with Black you get Avis President's. There are also quite a few more smaller but nice benefits you get with Black that you don't get with Plat.

Amex is really secretive about what their criteria is for who gets a Black invitation. It used to be a minimum spend of $250,000/year but rumors are that minimum has recently increased to $500,000.

beansmom
05-01-2012, 08:24 PM
we have a citicard with a fee but over the last four years, that card has given enough ff miles to fly to London, Italy and Hawaii round trip for free. (well, $20 for 2 is free to me!)

well worth it to us.

bettymae1121
05-01-2012, 11:09 PM
oops, didn't realize this was an old thread...

wallawallakids
05-01-2012, 11:19 PM
I do. I pay $75/year. Yes, that is a lot but I make it back and more. I have an American Express blue preferred card. I LOVE it. I put every purchase I make and every bill I pay on it. I get 6% back (yes, 6!) at grocery stores, 3% back at department stores and at gas stations, and 1% back on everything else. I have 4 kids...who all eat A LOT!!! We pay $$$$ out in groceries. Plus, if you buy gift cards at your local supermarket, to buy presents with or to use for shopping...you still get that 6% back. It has been a great thing for me. I just pay myself back in the cash. I get the fee back quickly and the rest I get is extra. I don't carry a balance, so it isn't really an issue for me to have a higher APR, which these cards do normally have to make up for the larger % back. I find it a great way to save money/make a little money.

Green Tea
05-02-2012, 09:53 AM
We do for a couple of cards.....the benefits outweigh the annual fee. One is Marriott that you mentioned, OP. Though I think the annual fee is now up to $89. Also, the Venture Card from Capital One. Can't remember what that fee is.....I just got the card under the 100,000 mile point bonus. That can be equated to either $1000 worth of travel or $1000 cash, so that covers any annual fee for a long time.

alyssa810
05-02-2012, 09:58 AM
I also pay a fee for my Delta AMEX, my Starwood AMEX, and my SW Visa. Like PPs mention, the fees are well worth the benefits. We've had several free flights domestically and internationally, and lots of free hotel nights! I will say that I don't plan to upgrade to Disney visa with the fee because with the Chase Freedom, I'm getting 5% back on various categories during the year, and I don't pay a fee, and my cash back rewards all go to our "Disney" fund anyway.

girli565
05-02-2012, 10:12 AM
I pay an annual fee on my American Express (the perks outweigh the cost of the annual fee) and now my BoA credit card has implemented an annual fee. It's a pretty high limit card so I don't think I'll close it but I may switch to another type of card that accumulates airline miles.

beansmom
05-02-2012, 10:17 AM
oops, didn't realize this was an old thread...

neither did i but it is interesting to see my previous response posted july 2011 and to see that since that time we have also achieved the free airfare to hawaii. Yep...we'll be keepin that Citicard.

swilshire
05-02-2012, 12:46 PM
None of my current credit cards have an annual fee. I'm curious if anyone willingly pays an annual fee to have a certain credit card, because an incentive outweighs the cost of the fee.

For example, I just saw an offer for a Marriott credit card. Annual fee is $65 (after the first year which is free). One of the benefits offered is one free night each year. If a person were traveling anyway and would use that free night's stay each year for sure, then $65 would seem to be a fair trade. If other incentives or rewards seemed attractive enough, then maybe the annual fee would be tolerable whereas usually I refuse to pay annual fees.

Not saying that I plan to get the Marriott card. Seeing the offer just got me curious. So have any of you tolerated paying an annual fee because the incentives/rewards made it worthwhile?


This is the only annual fee card I've ever had for more than the first year (to get bonus points/credits). It helps me make Marriott Platinum every year which results in extra points for every stay. We also save more than the fee using the free room.

My only issue has been the timing of the free annual night. It expires after 6 months. I canceled the card once because the time of year for the free night was not vacation time for us. I rejoined in the late Spring, allowing us to use it over the summer.

Sheila

Sheaboys
05-02-2012, 01:36 PM
Yes. I pay $79 a year for my Amazon Prime card, with the FREE shipping, the Kindle downloads, etc. That makes the fee well worth it. After all, Santa lives at the Amazon ya know. :rotfl2:

And I yes, I have a Southwest RR card, I have the one with $69 fee, for 25,000 miles, bought one-way tickets with it (7 adult), then got an offer to apply for the one with 50,000 miles, so I called told them I just got the card, and they applied the additional 25,000 points to my account for the same $69 fee. I was then able to get 7 one-way tickets home for a whopping $17.50! So I paid a total of $157 round-trip for 7 tickets, and $69 for the card. So yes, another well worth it.

mermaidwannabe
05-02-2012, 02:33 PM
I do. I pay $75/year. Yes, that is a lot but I make it back and more. I have an American Express blue preferred card. I LOVE it. I put every purchase I make and every bill I pay on it. I get 6% back (yes, 6!) at grocery stores, 3% back at department stores and at gas stations, and 1% back on everything else. I have 4 kids...who all eat A LOT!!! We pay $$$$ out in groceries. Plus, if you buy gift cards at your local supermarket, to buy presents with or to use for shopping...you still get that 6% back. It has been a great thing for me. I just pay myself back in the cash. I get the fee back quickly and the rest I get is extra. I don't carry a balance, so it isn't really an issue for me to have a higher APR, which these cards do normally have to make up for the larger % back. I find it a great way to save money/make a little money.

Wow! I've never heard of 6%!! I already have a Delta AMEX and a Costco AMEX, but if I could get a deal like that I would get the Blue AMEX too. Going to search now!

hsmamato2
05-02-2012, 04:08 PM
yes. I pay fees on my southwest cards,b/c of the IMMENSE side benefits I'm getting. And the way the points build so fast.... and can be redeemed for far more than I could get from my 'free' cashback card I had been using.:thumbsup2

wallawallakids
05-02-2012, 04:45 PM
Wow! I've never heard of 6%!! I already have a Delta AMEX and a Costco AMEX, but if I could get a deal like that I would get the Blue AMEX too. Going to search now!

YES!! It is awesome. I think you will like it. We used to have the Costco AMEX but I switched to this one and I am so glad I did. It is amazing how much you get back and the best thing is that it is cash. :) Good luck.

mermaidwannabe
05-02-2012, 08:52 PM
YES!! It is awesome. I think you will like it. We used to have the Costco AMEX but I switched to this one and I am so glad I did. It is amazing how much you get back and the best thing is that it is cash. :) Good luck.

Thanks! I may open a Southwest Rapid Rewards Card now in order to get Universal tickets, so may wait a month or two to apply for the AMEX. 6% is awesome!

Interpol
05-02-2012, 09:03 PM
If you're looking for Universal tickets as a credit card reward, also consider Amex Membership Rewards points:

http://www.disboards.com/showthread.php?t=2920351

mermaidwannabe
05-02-2012, 09:37 PM
If you're looking for Universal tickets as a credit card reward, also consider Amex Membership Rewards points:

http://www.disboards.com/showthread.php?t=2920351

Thanks for the link!!

scbelleatheart
05-02-2012, 10:19 PM
Yes, the Amex Plat is a great card too with about 80% of the benefits you get from the Black for about 25% of the annual fee. :) I upgraded from a Plat that I've had for several years and it was my go-to card for most purchases.

Incidentally, the Priority Pass membership you get with the Centurion is different than the Plat in that it allows for free admission of guests too, and the concierge (Centurion Concierge) is different. The Avis membership you get with Plat is Avis Preferred while with Black you get Avis President's. There are also quite a few more smaller but nice benefits you get with Black that you don't get with Plat.

Amex is really secretive about what their criteria is for who gets a Black invitation. It used to be a minimum spend of $250,000/year but rumors are that minimum has recently increased to $500,000.

We both have cards so no need for the guest with Priority Pass. I would love to know the criteria but I still wouldn't get Black. We should qualify sometime soon. We use the Plat for all travel and we order all our business supplies on it. Around $50,000 a month in sheet metal and shipping to job sites alone. Just with Membeship Rewards alone I can plan several free vacations for ourselves and adult kids.

Interpol
05-02-2012, 10:32 PM
We both have cards so no need for the guest with Priority Pass. I would love to know the criteria but I still wouldn't get Black. We should qualify sometime soon. We use the Plat for all travel and we order all our business supplies on it. Around $50,000 a month in sheet metal and shipping to job sites alone. Just with Membeship Rewards alone I can plan several free vacations for ourselves and adult kids.

Membership Rewards points are the bomb. I love being able to transfer MR points to frequent flyer miles 1:1 or better for a bunch of airlines or hotels.

Getting an invite is really hit or miss. I know people with annual spends on their Amex Platnium cards of $750,000 in personal and business expenses and they haven't been extended an invitation yet. My average annual spend over 3 years was about half of that amount. I would really love to see the algorithm they use to generate invites.

If you really want to see something crazy, check out copies of Bernie Madoff's Amex statements here:

http://www.scribd.com/doc/15027931/Bernies-Credit-Card-Statements

The guy, with family and associates, spent upwards of $169,000/month on his Amex Platinum. $441 at a bagel shop??