Originally Posted by
donasaur
You will likely have to pay taxes on the $695 engagement bonus, making the effective annual fee similar to $695 when considering the $660 in fees, even if you can deduct the $660 in fees from the bonus.
That is true, but at least with the MS card I do get the authorized user for free, which is one of the main reasons I'm pursuing this avenue. Plus, from the sounds of it, I'll be paying taxes on 695(bonus) - 660(monthly fees) = 35. I'm in the 12% bracket, so pretty sure that's like $4.