Originally Posted by moxiccc
I just received my no annual fee PremierPass card and found there's a catch in the fine print. When you redeem the points you get from flying (flight points), you have to at least spend equal amount of purchase points(earned through purchases). For example, a domestic ticket requires 25k points and only up to 12.5k points can be flight points. The rest has to be purchase points.
Right - this has been discussed in detail in the credit card section of FT.
IF you can put 100K of purchases on the card and of those purchases 100K worth of flying is included, this could be a pretty good deal.
If you were to redeem the 200K points for 8 domestic tickets at an average value of $300 each then you just got yourself $2400 of value back from $100K spending. Not bad. If redeeming for more pricey tickets you could do even better.