Originally Posted by
Brussels
I've had a couple of different Ink cards and continue to have one open. The annual fees were always charged on the first statement after the annual anniversary of its opening. I find the 5% bonus on cell/phone/Internet charges, not to mention the 2% categories, easily exceed the annual fee.
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To me, that isn't the right way to look at it. 5% is a 4% bonus. $95 divided by 4% is nearly $2400, or $198 per month that you have to spend just to break even on your AF. I do spend a little more than $200 per month on cells and cable, but that means after the AF, I'm only making a little bit off this card.
Compare that to the Amex SimplyCash or Ink Cash, both of which give you the same 5% category with no AF. To me, those are the only way to make real savings on cell and cable. And since either my wife or I will be holding the CIP and/or the CSP at any given time, we can transfer the Ink Cash to UR points if we want to.