I agree with you stating it wasn't all that usable as the full refundable fare cost would be generally higher than buying two non
refundable business class tickets.
Not exact matches
The International Airline benefit requires that one passenger — the primary cardmember — purchase a fully
refundable business or first
class ticket.
Depending on the frequent flyer program, you'll also get more miles for buying
tickets in a higher fare
class, such as fully -
refundable fares, or for flying in
business or first
class.
However, only full - fare,
refundable tickets in
business or first
class are eligible.
For example, many first
class airline
tickets, and some
business class tickets are fully
refundable and fully
refundable arrangements need not be insured.