I had one for my first CC, they got me at the Mac Hall concourse and offered me a free coffee cup, how could I say no? Overall their service was pretty consistent, but it didn't really wow me or convince me to stay with them.
I've since moved on, and I think a Travel Rewards Visa is the way to go. You pay $100-$150 a year, and can easily recoup that and more in travel rewards through regular purchases.
edit: And the cheques in the mail every month were really annoying, I understand they just want more business, but I don't need a letter from their head of Finance, with a fake signature, telling me I'm a valued customer and to use the 6 cheques they sent in the mail at a low low interest rate of 18% per year....shoo fly.
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