So, in checking out my Amex cards this morning, I took a look at what my offers have paid me, or in another viewpoint - whether the card is carrying its weight or paying it's way:
I have 5 Amex:
Rose Gold: Offers only so far since I opened it in November = $203.25. Other benefits I've taken advantage of include a $100 SW gift card, $100 in restaurant credit in the first 3 months, plus the $10 monthly credit. Also, the 50K MR sign up bonus plus the additional from spend netted me $825 in Home Depot gift cards. For it's $250 fee, this card will stay in my wallet.
Optima no fee card: Offers since last June $140 - not counting my windfall credit. This card stays.
SPG Lux - Offers = $95. There is also the $300 Marriott credit and the 50K free night for annual fee of $450. This card stays. I value the free night at $300 plus. First year also the 100K Marriott points.
SPG personal - Offers = $100 since last June, plus the free night for annual fee of $95. This card stays. I can get $300 plus with the free night easily.
SPG business - Offers used = $0. Free night will come in Sept-Oct. Fee = $125. I think the 35K will again give me a room in the $300 range as I book very early and in peak season to use these nights. So far it is a keeper. But, I don't use this card...that worries me a bit that Amex will hold it against me if I apply for another card with them. May have to put some spend on it.