LogFAQs > #980363715

I can't say for the ultra premium invite only rich person cards, but any decent card with a fee has ways to easily make more cash back than the annual fee. Chase Sapphire Reserve has an annual $50 hotel credit, so if you use that you only need to make back $45 in rewards(annual fee is $95), which isn't terribly difficult with normal spending with the rewards they give back.

It's always a balance between the fee vs you actually making back more in rewards. If you don't feel you can, it would be idiotic to get a card with an annual fee. If you can get more back because the rewards categories are something that interest you, you'd be letting free money walk.