Quote
sail2wind said:
Quote
JimCandD said:
We have a Venture card with no annual fee but we get 1.25 miles for each dollar. When I talked to the person at Capital One they said if I wanted I could upgrade to the other one that had 2 miles for each dollar spent, but it would have a $59 annual fee. Each person has to decide which is best for them.


If my deteriorating math skills are correct, you would need to spend $2950 in a year to make up the annual fee.


It'd be $7867 for breakeven, i.e. 59/(.02-.0125)