Called SPG Amex to waive the annual fee. They have in the past for me, but said no can do this year. May call back to try again....but was just thinking..would CSR at three points per dollar (cont)

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Hotel spend versus SPG Amex at two points per dollar hotel spend. The way I calculate it at 2.2 cents per point, AMEX equal 4.4 cents per dollar and CSR with equal 4.5 cents per dollar, assuming I use it for travel. Thoughts? Valid logic here, or am I missing something?

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