4 ms·
Correct me if I'm wrong... $450 renewal fee, $300 annual travel credit, so the card costs $150 per year. With points valued at $0.015, you need to earn 10,000
by atupem 9y ago
Correct me if I'm wrong...
$450 renewal fee, $300 annual travel credit, so the card costs $150 per year.
With points valued at $0.015, you need to earn 10,000 points to break even (150/0.015).
You get 3 points for every $1 spent on food/travel, so you need to spend $3,333/year on those categories to break even. Personally I spend way more, so the card is definitely worth it to me.
- mehrdadn 9y agoIt seems you did not read the comments? You are comparing against cash. Nobody claimed cash was better. The entire discussion was in response to the comment [1] that "Chase Sapphire Reserve is easily the best card I own and I have an Amex Platinum", hence we were comparing against other credit cards (not against cash/debit/etc.), and as an example I explicitly compared CSR to the Uber card for you. Read the above discussion. [1] https://news.ycombinator.com/item?id=16057816 https://news.ycombinator.com/item?id=16057816
- mrep 9y agoI think his math is right but that still equates to 9.5$ a day on food and travel just to break even which is a lot. I got the uber credit card which i think is a lot better since there is no fee and it is straight cash back (point value can change any time they want).