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The Capital One Venture Rewards card gives me 2% back on all purchases (I'm in the US). It comes with a $60 per year fee. So, if I spend more than $3,000 on the card over the course of the year it's a net positive. Now, they have access to all of my purchase data but I get around $700 every year to spend on travel. I've weighed the costs/benefits and it's worth it to me.

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Why not get the citi double cash, or fidelity 2% back with no annual fee?

to get $700 in rewards, you have to charge $35,000 on it, that's almost $3,000 monthly. I guess that would be doable if including rent and utilities (I doubt you can pay a mortgage with credit), but yes, more than the annual fee is definitely easy. Especially the first year in which you get the 50,000 bonus plus no fee.

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