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Do we overrate travel credits on high annual fee credit cards?
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<p>[QUOTE="esdot, post: 808350, member: 3956"]</p><p>If CSR had no travel credit and a $150 annual fee, but it imposed an annual $300 minimum spend requirement on travel to unlock 3x earnings each year, I would have no problem with the card. If this bizarro world CSR allowed me to front the $300 at the outset of each year, unlock 3x categories immediately,<span style="font-size: 16px"> and reimburse myself the fronted $300 over the course of the year, I'd do that. Wait, that is what I do. A travel credit is a minimum spend requirement in different terms. Unlike a traditional minimum spend requirement incentivized with a carrot, it is one penalized with a stick. When you think of travel credits as penalties for missing minimum spend requirements, it's not so bad to pay some dollars in lieu of points. </span></p><p>[/QUOTE]</p>
[QUOTE="esdot, post: 808350, member: 3956"] If CSR had no travel credit and a $150 annual fee, but it imposed an annual $300 minimum spend requirement on travel to unlock 3x earnings each year, I would have no problem with the card. If this bizarro world CSR allowed me to front the $300 at the outset of each year, unlock 3x categories immediately,[SIZE=16px] and reimburse myself the fronted $300 over the course of the year, I'd do that. Wait, that is what I do. A travel credit is a minimum spend requirement in different terms. Unlike a traditional minimum spend requirement incentivized with a carrot, it is one penalized with a stick. When you think of travel credits as penalties for missing minimum spend requirements, it's not so bad to pay some dollars in lieu of points. [/SIZE] [/QUOTE]
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