30000 Miles United Business Card

For the second or third time this month, I received the "30000 Miles United Business Card" offer from Chase. For the second or third time this month, the credit card offer went into the shredder.

I like Airmiles credit cards, but they take a long time to accumulate enough miles to get any form of frequent flier benefits. Even though the first year's annual fee is waived, the $75 recurring fee real eats into your profit.

Just to break even on the next year, you would have to spend $7,500 on the United Business Card. That same amount charged on your Discover would saved you at least $75.

By the 5th year rolls around, the initial 30000 miles was paid for by you so it's not really free after all. After that, Chase is making a nice tidy profit of $75/year by collecting annual fees from you.

Sure, you can cancel the card, but how often do you cancel credit lines? I can't even remember the last time I canceled a card.

So, for now, they'll keep sending in the "30000 mile" offer and I'll keep shredding them because it's all about saving money whenever possible and I'll use my Discover Card to precisely do that.