It pays to carry a Chase debit or credit card, apparently.
Continental announced today that it is waiving its onerous $15 charge for checking a first bag on flights—but only for people who have a Continental Airlines Chase credit or debit card. Passengers traveling with a cardholder will also be eligible for the waiver if they are listed on the same reservation. The fee will still apply to all other passengers.
This is great news for people who have the cards, but this privilege comes at a cost: the annual fee that Chase charges to sign up for an account. Here's the breakdown of fees:
Continental Airlines Presidential Plus World MasterCard: $375 annual fee
Continental Airlines World MasterCard: $85 annual fee
Continental Airlines TravelBank World MasterCard: $29 annual fee (waived the first year)
Chase Continental Airlines Debit Card: $65 annual fee
Waiving the fee doesn't seem to make much of a difference if you're paying more than $60 a year for the card membership fee—unless you make more than two trips per year on Continental. On the other hand, it's at least a step in the right direction.