Airline Miles Credit Cards
These credit cards are great for travelers. You can earn free trips to wherever appeals to you. However, there are some things you should watch out for.
The first thing to look at with an airline miles credit card is which airlines you are allowed to use. Many people have an airline they prefer to travel on, so it is very important to consider the company. Some do allow you to choose from several carriers. Given the current state of many airlines, it may also be a good idea to consider the condition of the airline financially too.
Airline miles credit cards have a large range of APRs. Some cards have a relatively high APR, sometimes close to 20%. Others carry a much lower rate, such as 11.24%. Obviously, if you are going to be carrying a balance this will also be a major consideration for you.
Annual fees are more common with airline miles credit cards than with some other rewards cards. Combine a large annual fee with a high interest rate, and you may not be benefiting from your credit card in the way you expected. However, if you use the card enough and pay it off, the card may well be worth paying the annual fee.
One thing you will need to understand is the terms of using your airline miles and how you get airline miles. You want to know if there are blackout dates or other restrictions on how or when you use your airline miles. You may get extra airline miles for travelling on the airline as well. Some cards also offer extra miles when you shop at certain stores.