already have CSR, is signing up for SPG AMEX luxury worth it? (125k bonus) considering that there’s a net annual fee of 150 USD

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Was in the same situation, worth it for the first year at least. After that first year I'll downgrade to one of the $95 cards and keep it for the annual free night and credits toward status

A free night that comes with you can easily pay off annual fees in my mind.

D1 is right. I’m sure you will probably be able to find a sweet spot somewhere with the free night credit that would offset your $150 net fee. I’d check TPG for the sweet spots

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