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Today's coffee break is the built palladium card worth its $495 annual fee.

Welcome to Frequent Milers Coffee Break, where we focus on a single topic related to

miles and points. Each coffee break is limited to 20 minutes or less or your money back.

And as we start this coffee break, I actually have no idea what we're going to answer in the

end of this show. So I'm going to be as interested as anybody else in how this particular

episode ends up. You know, with most expensive credit cards, you can kind of figure out whether

the card's right for you based on by looking at the card's perks and seeing whether you basically value, would you be willing

to pay that big annual fee to get the collection of perks and coupons and things that the card

offers? The Pladium card, though, I think is different because its biggest selling point is not

really about its perks. It has a few, but it's really about the ability to earn built points, which

are super valuable and at a very high multiple. And so, you know, it just works differently than

most high-end credit cards and how you can figure out whether it's worth that annual fee.

Yeah, and I'm just as interested in what we determine as you are because I haven't yet

put a lot of thought into this, but it is really unique that the value of this card really is tied

up in how many points you're going to earn and not necessarily only points that you'll earn

from spending on the card. And we'll talk about that a little bit later too, because I think that

really is going to come

into play for at least a segment of people, if not a large segment of people. But let's start

out by talking about the Palladium card details. So Greg mentioned it has a $495 annual fee, so kind of a

steep fee. But you earn 2x on almost all spend. It doesn't earn rewards on tax payments

...