Originally Posted by
ChurnBabyChurn
6% of 6,000 is $360. How does that equal $895 in 2 years? Also, the fee is not waived, so the upside (long run) of the $360/year is really $285 after the annual fee.
What am I missing? It seems like with the $6,000 limit, this is basically peanuts, and you could do much better crushing the bonuses...
But, again, I imagine I'm missing something...
$360 per calendar year - $360 this year and $360 more next year before the second annual fee hits, then cancel the card. Plus the $250 sign up bonus, minus the $75 annual fee.