Originally Posted by
jonsail
Given that Citibank (and I believe others) has a no fee credit card that give 2% cash back and that Chase Prime Reserve offers 3 points per dollar for restaurants and travel, albeit with a hefty annual fee, it seems an airline credit card that offers miles worth less than 2 cents per mile, is not going to get used much for general purposes, unless someone needs an EQM bonus by using the card.
This is why I don't think they'll ever go completely to 1 mile = 1 cent. Credit card miles make up too many miles for them to go that route when there are no fee 2% cards easily available.