Originally Posted by Pipecrew

It's 250k a year spent and a fee depending on when you signed up between 2500-5000 a year. It's worth it if you travel international for the companion tickets. It's also amazing for buyer protection on anything and everything (Amex generally is) any hotel in the program automatically upgrades your room to the next tier and most airlines will also.

However it has downsides. I've had mine replaced 7 times in 2 years because its been cloned that many times which is a massive inconvenience when you run your electric or cable bills on it.