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.