Originally Posted by
rasheed
But I can guess that they don't have a lot of AF cardholders because you could get 5% on dining for many of the AmEx cards.
Which AmEx cards have 5% back on dining? The closest I'm aware of is 4x with AmEx Gold, which could be worth 5 or more cents in expected value with transfer partners, but that's a lot more convoluted than 5% cash back.