For that matter, there's higher flat cashback percentages available if you are paying an annual fee and funneling the majority of your spend through that card. Specifically, the Alliant Cashback Visa Signature is at 2.5% with a $59 annual fee.
The Alliant credit card is a great investment if you need to pay estimated taxes: The cheapest IRS payment processor charges 1.87% to pay taxes via credit card, which is much less than the cashback that you receive from Alliant.
shrug Canada. Outside of promos, 2% flat seems to be the best of the bunch.
By paying $500 for a card last year, I was able to net at least 1.5k in additional savings. As long as you remember your point systems and use appropriately its a great system. To get the benefits most require travel or some other expenditure
The point is that if you’re only getting 2%, there’s no need to pay fees.
If you’ve got a card that pays more than 2%, sure, it can make sense to pay fees.
You can get a lot more money back with the cards with fees. The fees just encourage you to use them more often.
amex platinum offers rewards that easily pay back the cost if you travel. 2 cards, $450 ($300 + $150)
$15 uber/month/card
$200 in airline fees
Automatic hotel and car rental upgrades
more...