The source provides a detailed analysis of whether travel rewards credit cards are still worthwhile in 2025, noting that the calculus has fundamentally shifted due to devalued loyalty programs and rising annual fees. The episode argues that premium cards are only unequivocally beneficial for a small segment of high-spending frequent travelers who can maximize costly perks like airport lounge access and various credits. For the average consumer or moderate traveler, the analysis suggests that mid-tier or no-fee cards often offer better value by avoiding high net costs and lifestyle creep. Ultimately, the article concludes that the "golden era of miles and points is over," urging readers to adopt minimalist or cash-back strategies unless they are able to dedicate significant time and money to "gaming" the system.