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I had the card before and I personally don't think it's worth it.
I use the capital one venture card and get 2 points per dollar which I use for airfare. It was rated very high by consumer reports and money magazine. I have had it for a while so I only pay $39 a year but I think they raised it to $59 now.
I don't think Amex rewards are very competitive when you try to use the points.
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