Generally, the most profitable credit cards have high annual fees. If the value is there, it’s worth shelling out for premium cards.
But given the choice, we’d always prefer to reduce those costs whenever possible.
Members get 3 points per dollar spent on dining, a complimentary Priority Pass membership with unlimited visits to airport lounges for you and one guest, automatic hotel status including Marriott Bonvoy Gold Elite and Hilton Honors Gold.
Throw in a $100 annual travel credit and some other perks, and $150 is well within most people’s realm of comfort. The annual travel credit can be used in essentially the same way as the Platinum’s.
In a similar vein to the Amex Platinum Card, the CIBC Aventura Visa Infinite Privilege also has a $200 annual travel credit, bringing the card’s annual fee down from $499 to a net cost of $299.
Likewise, BMO has annual credits on their BMO eclipse Visa Infinite and BMO eclipse Visa Infinite Privilege products. Instead of a travel credit, they’re calling these a “lifestyle credit”.