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Those ultra high annual fee cards tend to have substantially better rewards than cheaper cards. For the sort of person who might spend $50,000 or more on travel
by ac29 4y ago
Those ultra high annual fee cards tend to have substantially better rewards than cheaper cards. For the sort of person who might spend $50,000 or more on travel in a year for example, it can make sense.
- snazz 4y agoExactly. In the case of the CSR, there’s a big general travel credit (maybe $200 or $300 off the top of my head), so that makes the net price less ridiculous. The target market with that kind of travel rewards card spends enough on travel for the rewards and statement credits to easily outweigh the annual fee. I don’t spend anywhere near enough for it to make sense for me, but it’s not quite as crazy as the $550 price tag makes it seem.