Comment Re:I don't understand (Score 1) 104
I'm sure it's all about the money. Someone could get a credit card that gives 2% cash back. If the credit card company can get a partnership with an airline and convince people to get a card that gives 0% cash back instead (and could even include an annual fee on top of that),and the money they spend on the partnership is less than what they would payout for the 2% cashback card, then it's a win.
Really, all this does is tell me that on the average, the value of the perks from one of these airline credit cards is a worse deal than a 2% cashback card. Though individual circumstances will vary. Like a lot of these rewards programs, for someone who puts the effort into getting the most of out them, the benefits can be significant. They count on the typical person not doing that.