Still debating whether to go for this.

It's basically better to think of it as 2% cash back card that can only be spent on travel. And at least there is no limit on your points collection each year; I know someone with an Avion right now that generates tens of millions of points per year.

Also, a little more info: if you sign up for this card in the first three months then you can get extra cards (wife, child, etc) with only $100 annual fee instead of $150.