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Airline Miles |
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Earning airline miles is easy. All you have to do is use the credit card that offers airline miles rewards when making your credit purchases. And if you pay close attention to the details that discuss how and when airline miles accrue, you’ll be accruing airline miles in no time.
With so much competition for your business, credit card issuers are always looking for ways to attract new business. One incentive that has withstood the test of time is offering credit card holders the ability to earn airline miles as incentive for using that issuer’s credit card instead of the others that might be in their wallets. Some offers even allow card holders to redeem airline miles for other travel-related benefits including hotels, car reservations, and cruises!
If you’re looking for a credit card that offers airline miles, there is more to compare than airline mile accumulation rates. For each airline miles credit card offer you review, you also want to know whether there is an annual membership fee for the credit card and if so, the amount. It’ll be important also to know the interest rate for new purchases, cash advances and balance transfers and whether those interest rates are introductory rates, fixed rates or variable rates.
One thing many overlook when comparing offers are the fees that will be charged for various actions including cash advances, balance transfers, late payments, and exceeding the credit limit. These fees can be significant and can make an offer far less appealing than at first glance.
Also pay close attention to the rules governing using airline miles that you have accumulated. For example, there may be blackout dates (dates during which you will not be able to use accumulated miles towards the purchase of airline tickets). Unfortunately, blackout dates generally fall during times of high demand. You might have to use a certain travel agent when booking your trip, too.
You might also be required to book your airline reservation only on certain airlines. And there might be a “use-or-lose” period meaning that if you don’t redeem accumulated airline miles within a certain period of time, you lose what has been accumulated. Such requirements are not necessarily bad, but they can limit your ability to redeem your airline miles during the time and to the destination you want to travel.
If you’re looking for a way to reduce your travel budget, a credit card that offers airline miles can help.
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Credit Card Definitions > A - E > Airline Miles
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