U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics > Personal Finance
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
 
Old 03-25-2019, 11:04 AM
 
Location: Denver, CO
1,663 posts, read 4,043,389 times
Reputation: 1215

Advertisements

People cry about annual fees when the benefits greatly outweigh them. They then get the latest phone and shell out hundreds a month to their wireless carrier without batting an eyelash.
Quick reply to this message

 
Old 03-25-2019, 11:06 AM
 
Location: Denver, CO
1,663 posts, read 4,043,389 times
Reputation: 1215
Quote:
Originally Posted by Cabound1 View Post
Thanks, good info. In my case, I probably wonít use the miles for awhile.

Iíve seen others say wait for the fee to post, then cancel. Do credit card companies typically ďrefundĒ the fee when you do that?

I'd call and tell them you can't pay the fee and ask to cancel for a refund. They will either waive the fee, give you a gift of miles, or cancel your card and refund your fee.
Quick reply to this message
 
Old 03-25-2019, 12:38 PM
 
Location: NJ
23,974 posts, read 30,099,328 times
Reputation: 15904
Quote:
Originally Posted by Moonwalkr View Post
People cry about annual fees when the benefits greatly outweigh them. They then get the latest phone and shell out hundreds a month to their wireless carrier without batting an eyelash.
i think that some people just manufacture rules without having a sound basis for them. that seems to be a common rule "dont pay an annual fee for a credit card." the reality is that you need to make a cost/benefit analysis of whether or not you are getting something that makes that fee worth it. i also pay over $1,000 a year in cc fees. i get certain benefits that i like and would cost me more money to get them otherwise (also the fees are reduced by credits like $300 travel credit, free 4 pieces luggage per flight, etc.).

i still believe that just going straight fidelity 2% is probably the best value most people will get for their spend. but some of us want to try to get a bit more and also like other benefits.
Quick reply to this message
 
Old 03-25-2019, 12:51 PM
 
18,724 posts, read 13,497,174 times
Reputation: 14107
Quote:
Originally Posted by CaptainNJ View Post
i think that some people just manufacture rules without having a sound basis for them. that seems to be a common rule "dont pay an annual fee for a credit card." the reality is that you need to make a cost/benefit analysis of whether or not you are getting something that makes that fee worth it. i also pay over $1,000 a year in cc fees. i get certain benefits that i like and would cost me more money to get them otherwise (also the fees are reduced by credits like $300 travel credit, free 4 pieces luggage per flight, etc.).

i still believe that just going straight fidelity 2% is probably the best value most people will get for their spend. but some of us want to try to get a bit more and also like other benefits.
Many people are just fee adverse. My platinum Amex is 550.00 but just the Uber credit/travel credit/Saks credit is over 500.00 all of which I easily use

The Centurion lounge access is why I have the card, spg/Hilton/hertz gold status and the monthly deals to add to your card drive enough additional value I don’t hesitate to pay the fee
Quick reply to this message
 
Old 03-25-2019, 01:19 PM
 
Location: Censorshipville...
2,676 posts, read 6,238,435 times
Reputation: 1543
Quote:
Originally Posted by Moonwalkr View Post
I'd call and tell them you can't pay the fee and ask to cancel for a refund. They will either waive the fee, give you a gift of miles, or cancel your card and refund your fee.
Agreed! I only have one card with a fee. It's $99 and in return they give me a free night stay in a hotel. I remember being younger/poorer and wouldn't want to stay in a <$99 room in the US
Quick reply to this message
 
Old 03-25-2019, 02:26 PM
 
5,153 posts, read 3,262,462 times
Reputation: 6266
Quote:
Originally Posted by oneasterisk View Post
Agreed! I only have one card with a fee. It's $99 and in return they give me a free night stay in a hotel. I remember being younger/poorer and wouldn't want to stay in a <$99 room in the US
Plus in your case with one one card with a fee, if you do the math $99/12 = $8.25/month, I'm sure plenty of people blow more than $8.25 a month on who knows what. It's a basic cost/benefit analysis.
Quick reply to this message
 
Old 03-25-2019, 03:03 PM
 
Location: NJ
23,974 posts, read 30,099,328 times
Reputation: 15904
i pay $450 a year for united club and $595 for the reserve card. i think thats it for my personal cards.

i thought about dropping united club but it would cost me too much to get the premier access benefit if i pay for it with a flight. i like it even though im not really sure how much benefit i get from it. the 4 free bags helps and can pay for itself if i fly enough in a given year. me and my family have become accustomed to certain luxuries and it is hard to drop luxuries after enjoying them for a few years.
Quick reply to this message
 
Old 03-26-2019, 08:24 AM
 
Location: Denver, CO
1,663 posts, read 4,043,389 times
Reputation: 1215
Quote:
Originally Posted by CaptainNJ View Post
i pay $450 a year for united club and $595 for the reserve card. i think thats it for my personal cards.

i thought about dropping united club but it would cost me too much to get the premier access benefit if i pay for it with a flight. i like it even though im not really sure how much benefit i get from it. the 4 free bags helps and can pay for itself if i fly enough in a given year. me and my family have become accustomed to certain luxuries and it is hard to drop luxuries after enjoying them for a few years.

I have found domestic United clubs to be lackluster, although now with United reducing awards for certain routes down to 5K I might fly with them again. They are building a Centurion lounge at my home airport so once that's in place I'll have to look hard at Amex Plat.
Quick reply to this message
 
Old 03-26-2019, 08:34 AM
 
Location: SoCal
12,979 posts, read 6,196,582 times
Reputation: 9547
Quote:
Originally Posted by CaptainNJ View Post
i pay $450 a year for united club and $595 for the reserve card. i think thats it for my personal cards.

i thought about dropping united club but it would cost me too much to get the premier access benefit if i pay for it with a flight. i like it even though im not really sure how much benefit i get from it. the 4 free bags helps and can pay for itself if i fly enough in a given year. me and my family have become accustomed to certain luxuries and it is hard to drop luxuries after enjoying them for a few years.
Ouch. I usually avoid paying any fee if I can help it. But I rather pay $95 then $450. I donít even like to pay any fee to charge my credit card, not the 2% fee to pay tax and get back 2.5% cash.
Quick reply to this message
 
Old 03-26-2019, 09:00 AM
 
Location: NJ
23,974 posts, read 30,099,328 times
Reputation: 15904
Quote:
Originally Posted by Moonwalkr View Post
I have found domestic United clubs to be lackluster, although now with United reducing awards for certain routes down to 5K I might fly with them again. They are building a Centurion lounge at my home airport so once that's in place I'll have to look hard at Amex Plat.
its interesting what they did at newark (which is where i mostly fly out of). they took the main united lounge and changed into some kind of super fancy polaris lounge. its limited in who can use it, so now i cant use that lounge. they opened up a couple of smaller crappy lounges and a couple of larger decent lounges. so its a bit more of a hike to get to a decent lounge. i dont have enough lounge experience to compare against too many other lounges, its still plenty nicer than waiting at the gate. my kids love it so its not going away as long as i can keep it.

its all about what you have available to you. i dont have an amex platinum but if there was a ****urion lounge in newark, id probably get it. every now and then people post on my local town facebook page for recommendations on airline cards. im thinking, what choice do you have? 90% of my flights are united out of newark, doesnt pay to have a delta card.
Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 

Quick Reply
Message:
Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics > Personal Finance
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top