Originally Posted by jetsfan92588

2 percent is not the right comparison. If you can put 300k+ on a card per year that means you almost certainly have 100k you could move to BofA and get 2.625% back on everything. Or get the Schwab Amex and business blue and get 2.5% back on everything (that's the floor for redemption rate). The business blue earns double what the Reserve earns on non-bonused spend.

Many people here are strategic about their spending and 2% or even 2.5% doesn't come close to their earnings on non-bonused spend. 15k on Chase hyatt gets you 6 EQNs (60% of the way to additional suite upgrades), plus a free night, on top of the 15k hyatt points that are worth about 2cpp.

Assuming you're not looking to fully optimize your spend, spending $75k gets you SC access worth $695. You also get 75k SM. If you had used the business blue and have Schwab plat you'd have 75k SM and about $900. So you buy SC membership and you end with $205 extra cash, everything else is the same. 7500 MQDs could be worth $205. But every dollar you spend over the $75k is easily a money-loser compared to other simple strategies.