There's always a first time for everything, and getting Air Miles Credit Cards is not exceptional. The question in today's ReiVRE: Money Talk-Credit Cards is – "Which Credit Card can it offer flying mileage and allow you to earn it?"
So you want a credit card to earn mileage on an airline. You need to think about a couple of things. Can I get a card from a large airline where I live? And which card will give me the benefits the fastest?
You may not know that a credit card offering flying mileage only allows you to earn it from one airline. If the largest available airline in your area has many destinations you'll have a lot of options you can enjoy. Some don't realize if you choose a credit card sponsored by a banking institution, you have even more freedom. You're wondering why that is so? With bank cards you can use the miles are more airlines. This is especially important if you live in an area where there is no major airline that you can go almost wherever you'd like. An additional important fact is the minimum number of miles needed prior to using them to travel is much less than a credit card sponsored by an airline. Be wary, the bank cards can have an awful bunch of restrictions you wouldn't expect.
Membership and annual fees can vary greatly for different types of cards. Most major credit card companies offer standard, gold and platinum air miles credit cards. Keep in mind that the better the option, the higher the fees. Gold and platinum cards offer high credit limits but membership and annual fees are also higher and these add up quickly. Most major credit card companies offer introductory air miles cards with 0 % interest. Why? Because they want your credit card business. If interest rates are of concern for you, an air miles card should not be the card you choose because interest rates tend to be very high. Many air miles credit cards have a minimum number of miles that have to accumulate before you receive a free or discounted trip. Be sure to read the fine print and then read it again. Be sure you understand all of the stipulations.
Do you travel quite often for pleasure? For business? If this is you, these air miles can be a wonderful benefit. Remember you can use these cards to buy everything. Groceries, gasoline, clothing, you name it. For doing so you get miles and can have greatly discounted tickets to wherever you would like to travel. Also, you can often get extra miles went you spend at certain locations or selected flight destinations. It is also nice that you usually receive extra bonus miles when you get started with a new card.
Believe it or not there can be some down sides to owning such a credit card. You will often have to deal with higher interest rates. However, if you pay them off regularly and use it wisely to bank miles, it can really be worth it. Many find it tempting to spend money they really don't need to just so they can rack up miles, feeling they supposedly saved money in the end. You can see the flawed logic in that, I'm sure. You really need to be sure to use these types of air miles cards with a clear heas so you can benefit from their positive attributes.
Credit to http://www.clickcreditrepair.com
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