I actually just applied for a AMEX business card. My wife took a regular card out 8 months ago for 50K free points. I took one out in November for another 50K points. Just sent the business one in today for yet another 50K bonus points. They all had the annual fee waived for one year then the three total $425 per year. You need 160K points for a family of four to fly to Hawaii and I have the points already. I simply don’t know how they make money short of me staying around for 10 years. I’m looking at $2500 in airfare for $425. I live for the miles offers.
I don't either, and this realization may be coming to them. There's talk of them leaving the credit card business and going back to what they used to do.