Used it this week for a free lunch at Tamarind Tribeca ($24 prix fixe menu), then for a heavily subsidized gorging of Thai/Malay food at Laut in Union Square. If they keep this up, I'd be happy to pay annual fees. ^

Edit: For reference sake, the credits are posting quickly, before my statement even closed. Think it helped to go just before the calendar month end. And in case you're wondering, tip counts toward the $50 minimum.

03/07/2012 03/07/2012 Adjustment Michelin Dining Credit -$50.00
03/07/2012 03/07/2012 Adjustment Michelin Dining Credit -$50.00
02/24/2012 02/26/2012 Sale LAUT $70.63
02/23/2012 02/26/2012 Sale TAMARIND TRIBECA $50.36