Originally Posted by
SP03
For most people, the incremental benefit of Ink Preferred probably doesn’t justify the annual fee and complexity.
You would have to spend $5000 on no “other travel” to just break even. And it’s even more if you have a Freedom Unlimited.
If they're spending $75k on cruises then they're well beyond the breaking even point.
Also, most people (which I understand is who you are referring to since $75k cruise spenders are a very small minority) value UR at more than 1 cpp if they have a card that makes them transferable to partners.
But even not taking into consideration transfer to partners which have a value range, just with a Preferred (personal or biz) the floor is currently still 1.25 cpp (and with a Reserve its still 1.5). Therefore, they would need to spend about $3,750 in other travel to break even for the AF (less if they also have a Reserve currently to transfer to and if they can spend it prior to 10/25). Plus there are other 3x categories on the CIP that you can spend in to count towards the AF to break even if you're already doing that.