I will give an example of how I get more
value than the cost of the annual fee.
Not exact matches
Although the card's
annual fee of $ 450 is not waived for the first year, you can enjoy all the benefits, such as free lounge access and concierge service, essentially for free because the
value of card's 40,000 points bonus more
than offsets the
cost.
For example, if at the same time you're ramping up your savings rate you're able to reduce your
annual investment
costs from 1 %
of assets a year to 0.5 %, the combination
of more savings, lower investing
fees and higher return could boost the eventual
value of your nest egg at retirement to roughly $ 1.35 million and your
annual retirement income to $ 54,000, almost 13 % more
than the what you would have by increasing your savings rate alone.
If I can make as controversial a claim as is supported by the evidence, even the American Express Delta Platinum credit card, with its $ 195
annual fee and companion ticket awarded on each account anniversary, only makes sense (compared to redeeming Arrival + miles) if you can consistently redeem the companion ticket for flights
costing more
than $ 672 — the
value of the Arrival + miles you could manufacture with the same $ 195 in disposable income — or if you can use the Medallion Qualifying Miles earned with the card to achieve Platinum or Diamond Medallion status.
Although the card's
annual fee of $ 450 is not waived for the first year, you can enjoy all the benefits, such as free lounge access and concierge service, essentially for free because the
value of card's 40,000 points bonus more
than offsets the
cost.
Just a few visits to an airport lounge for a quick layover lunch or one delayed flight with your meals and lodging paid for and you will easily be getting more
value out
of the card
than the
annual fee cost you.
For people that use Uber on a regular basis, this benefit more
than covers the
cost of the
annual fee increase, but for people that only use Uber on occasion, it may only be worth a fraction
of the potential
value.
The two one - time passes to United Club lounges are
valued at $ 59 each, which will more
than cover the
cost of the
annual fee.
For one, the
annual credit card
fees (usually between $ 60 and $ 85) and
fees that are sometimes involved in booking tickets using air miles rewards reduce the
value of your air miles and can end up
costing the cardholder more for flights or upgrades
than they may have expected.
Although the card's
annual fee of $ 450 is not waived for the first year, you can enjoy all the benefits, such as free lounge access and concierge service, essentially for free because the
value of card's 0 - point bonus more
than offsets the
cost.