Sounds like paying close to 600 bucks for 35K miles is not very worth it? Anyone care to comment. I have the premiermiles already so would not hurt from the loss of 0.1 mile per $ ... but just thinking of maximising the rewards. Any other cards to recommend?
Is that the signup fee? 600 for 35k Miles is 1.7 cents per mile - a pretty good rate if you are in need of miles urgently.
This card has become a sock drawer one - use it first year for whatever bonuses and cancel it before annual fee is due. The miles given for annual fee (renewal) is not good enough to continue.
One has to look at other benefits, if they are applicable to you. If you're talking about 0.1 miles more than premiermiles card, then it is the premier miles amex?
1) VISA vs AMEX acceptance
2) 3 mpd vs 2mpd for foreign currency spending
3) FOC yacht rental for $75k spent a year.
4) Additional 4 more PP lounge access a year, valued at US$27 each.
5) 10.8% cashback from Caltex
Whether worth it or not, depends if you use the benefits or not. If you do not make foreign currency, then 3mpd means nothing, same if you do not spend $75k a year, or use the lounge visits.
As for what other cards to recommend will depend on your spending patterns. I spend >$75k a year plus mainly in foreign currency, thus the additional 1mpd makes more diffence than 0.1mpd. That's extra 75k miles a year, valuing it at $0.01 per mile, that's $750. And whether I renew next year will depend on its benefits next year, rather than the renewal bonuses.