Originally Posted by
findark
There is a huge amount of demand for app-based services like this among the target demographic.
I am not saying there is not a demand for it. Rather, I am refuting VegasGambler's suggestion that $60 in free food is somehow going to move the needle for some young Tech Bro making six figures.
Those types of people with disposable income are not breaking out calculators to figure out the ROI on credit card rewards.
Originally Posted by
richarddd
The tech geniuses and young bankers earning $200k need credit cards and the CSR seems a reasonable alternative. It offers 3x points on travel and dining and has good trip delay/cancel and car rental insurance. It may not be the greatest, but it's not bad. They may not care about a $60 benefit, but they probably also wouldn't care about a $100 increase.
Most of my investment bankers or hedge fund classmates all have Amex corporate cards issued by their employers so CSR wasn't even much of an afterthought for them. Business travel was required to be put on those cards and they were able to keep the points. They didn't care about 3x points because paid J and F class travel adds mileage to your account pretty fast.
A few of them upgraded to Amex platinum or got invited for Centurion and they pretty much use those regularly when they have personal spend. I know this because I go out with them all the time and they use those cards to pay for drinks at the bar (or when they start a tab) or when they pay for dinner.