Originally Posted by
Raffles
If this is right, then isn't there some sort of market failure here? Where are the sites aimed at these people?
If I was a 40-year old professional, university educated, in a big US city, earning $150k and doing a lot of travel, what site is aimed at me?
Such person has their choice of the miles/points blogs hawking credit cards with $100+ annual fees. The miles/points bloggers with the bigger audiences try to cover a range of people that goes beyond just a narrow target market.
A US person need not be in the top 5-6% of income earners to have a high chance to qualify for a premium credit/charge card.
I have no doubt that there are lots of US persons with taxable individual income even well below $40k who have credit/charge cards with annual fees well over $400/year. What's primarily required to qualify for some such card is to be a US adult person with a good credit history -- and that's not all that hard to have in the US if such adult pays all their charges/debts on time to the lender's satisfaction.