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My renewal is up in October. I think I will still renew due to the inclusion of groceries in $300 cash back and $100 credit on the $550 application fee till December. That basically brings down the annual fee to $150, which is just $55 over that of Preferred with enough benefits to justify the difference.
I feel the same. However not sure what I will do after this year is up. I’m thinking about switching to Amex platinum.
I’m not dropping it but do not take the cash back — I believe there’s a “pay yourself back feature” that lets you redeem your points through home improvement & groceries, etc. you should look into that
Can confirm, cashed out most of my points at 1.5cpp using it