Quote:
Originally Posted by Z K
I wonder if this is worth getting even if you don't travel much?
Most of the benefits seem oriented towards travel and the annual fee is rather high.
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generally no. Most enhanced benefits are redeeming for travel categories for enhanced bonuses. Using points just for a 1-for-1 statement credit = "you're doing it wrong".
this guy wrote the general concept:
Quote:
Originally Posted by BayMoWe335
100,000 points is worth even so much more than $1500. 100,000 points transferred to Singapore Air miles can get you a first class suite on the A380 for 75,000 miles to Tokyo. That ticket can be $18,000.
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The base 100,000 points is worth about $1000 in statement credits or gift card redemptions, but if you redeem for travel through transferring points to airlines, you can redeem for flights worth $18,000 with that same $1000 worth of points.
So that's where that "enhancement" comes in to play. B/c to get $18,000 worth of "cash back" in statement credit, you need to spend $1,800,000 at a 1% earning rate, $900,000 at a 2% earning rate, etc on standard cash back cards.