Ok most likely i am just retarded and can't do simple math, but i fail to see how any of these reward cards are ever worth it. The only decent thing is cash back.
So for 1 point = $0.01
You earn 1 point per 1$ spend, or 3 points per 1$ spent on travel & restaurants(worthless to us money savers)
If redeem your points on chase's site/portal you get 50% back. So if you have say 100,000 points, it is treated as 150,000 points, or 1,500$ credit for travel.
So to gain 100,000 points, or 1,000$/1,500$ worth you need to spend 100,000$?!?! that is basically no better than a 1.5% cashback card?
Am i missing something in these "travel hacks" and "fly for free" posts i read? To me it seems wayyyy better to get the 1% w/ 5% rolling cash back, or a flat 1.5% cash back.
Yes, the signup bonus is huge i suppose, spend 4k in 3 months and you get 100,000 free points. But once you factor in the 450$/yr fee, or 150$ if you take advantage of the travel credit, i fail to see how you would ever make up for it. you would need to spend at LEAST 10,000$/yr using your card to pay for itself.
They appear to be 1-1.5% cash back towards airline/partner program with HUGE yearly fees.
Anyone care to explain to me why these are good? Even for someone who travels ALOT?
edit:
I also suppose you get the special airport clubs and free transactions overseas.