I witnessed a momentous occasion last week, when my god damned credit card finally paid for itself. I usually recommend that people get a no-fee credit card for their first one, but if you spend enough it can make sense to get an ultra-rewards card that has an annual fee.
(With my card, an annual fee of about $75 gets you twice the rewards as the free card. So I did a break-even analysis and decided to pay the fee.)
Anyway, after paying the fee for almost 2 years, I finally redeemed some of my miles for a flight that would have cost more than $600. It feels…almost free.