MrMosby wrote:Well if you value MR at 1.5 cents per point which is the most common valuation I see you would have 4.5/3/1.5 without the dividend. If you hit the dividend requirement (which shouldn't be hard, I had over 100 transactions in February across all my cards and that's a short month) you would be getting 6.75/4.5/2.25 cents per dollar spent in the category if the memberships rewards are valuable to you.
This is more in line with what I was thinking. I do think that from a strict points back perspective, this card has the potential to be very competitive. For travel hackers, I've often seen MR points valued at 1.5-2.0, and like you mentioned, even 1.5 puts it above the competition with 6.75 and 2.25.
That being said, my concerns are:
-Getting max value out of MR points seems really complicated. REALLY complicated.
-Building on that, this card is set up to be a staple card to put most of your spending on. Basically all groceries, gas and uncategorized. That means you're going to have A LOT of MR points to use, and given the complication, it sounds like a big hassle to try to get 1.5+ for all your travel expenses. Spending 25k on this card and then having to maximize 62,500 MR points each year seems like a lot of work.
I think what I'll probably do is try the no fee version first and see how difficult it is to get full value out of MR. If it's not a huge problem to get over 1.5, I'll make the preferred my staple card.