Credit Tips: Airline Rewards Credit Card Offer

Posted On: July 1, 2005

Author: darlene
Title: Airline Rewards Credit Card Offer
Date: 10/29/2000 7:53 am CDT

Hi, I am not a regular user of a credit card, but am hearing more and more that friends are using credit cards that accumutlate miles. We are going on a trip and have not time to apply for that now but will be using our First card Platinum Visa and would transfer that to a credit card that acculates miles. So I am looking for the best card without high annual fee or none and if this would be a wise option for a inexperienced credit card holder? Would appreaciate any advise. ASAP Thank you Darlene

Author: Board Monitor - AD
Title: Airline Rewards Credit Card Offer
Date: 11/1/2000 1:28 am CDT

Dear Darlene,

There are a variety of airline reward cards to select from, some with very low annual fees and others with very high annual fees above $150. Ideally, you’ll want an airline reward card that you’ll be able to take advantage of most, here are some tips:

1) Look for a card that offers additional miles for selected purchases, such as through participating airlines.

2) An annual fee should be factored into your spending habits. If you plan to spend several thousand dollars a month on the card, and will be able to earn a free ticket every year, then an annual fee is less important to consider as a cost. However, if you plan to spend only a few hundred dollars, then you’ll want to stay away from high annual fee reward cards.

3) Look for a reward program that will allow you to combine miles earned with airline frequent flier programs. Some credit cards do not allow you to combine rewards, and therefore may be a less attractive option to those who may frequently fly on a specific carrier.

4) The interest rate is important, but reward cards aren’t known for their low rates, so don’t plan to carry a balance, otherwise you’ll pay high finance charges.

Hope these tips help!

Sincerely,
Alex Daskaloff