Personal Finance

Getting rewarded through airlines credit cards

There is a huge selection of credit cards available to you. Airlines credit cards give you rewards and benefit from the miles you accumulate from your travels.

When you make purchases with your airlines credit card, you receive free travel miles that you can redeem towards a destination of your choice.

You have no doubt received tons of offers online and in the mail to get you to sign up for a credit card. However you need to choose the card offers that will be most advantageous in your particular situation.

People in different situations need different cards such as student cards, low interest cards and cards with rewards on purchases. Airlines credit cards are especially beneficial for the frequent traveler who wants to gain additional benefits from his trips.

There are many aspects of airlines credit cards which you can compare to choose the best one for you.

Airlines credit cards usually offer 1 mile for every $1 spent. Many airlines credit cards will even offer thousands of bonus miles when you sign up. However there is a minimum amount of miles you must accumulate before you can redeem them.

You can use your frequent flyer reward miles to contribute towards a discount airline ticket purchase. If you have enough miles, you may be eligible for free travel.

Some companies will allow you to use your miles for hotel stays and car rentals.

Airlines credit cards offer additional benefits to lure in customers. Some even give double or triple miles for certain stated types of purchases with your card. Other things to note on your contract are if there is an expiry date before which you must redeem your miles? What are your securities in term of fraud or theft?

Another thing to note when getting an airlines credit card is whether you can only redeem your miles at one specific airline or with your choice of airline. Also some credit card companies will limit your choices of hotels or car rental companies you can use to redeem your reward.

Are there any disadvantages to airlines credit card?

With all the rewards you are getting for free, there are also some disadvantages to airlines credit cards and similar credit cards which provide perks on your purchases. Do not just limit your consideration to the rewards when acquiring a credit card. Make sure you are aware of the fees and costs associated with such a credit card.

First an airlines credit card will usually charge a higher rate than ordinary credit cards. Also the airline credit cards usually have an annual fee associated with them. These extra fees allows for coverage of the perks such as travel miles.

The cost and benefit analysis will differ for each individual. Therefore it is important to consider the pros and cons when acquiring a credit card.

If you pay off your bills on time and are a frequent flier, airlines credit card can get you many benefits. However if you usually delay bill payments, the high interest rates can add up over time.

You can use the internet to shop around for the best deals and compare airlines credit card benefits. You can even apply directly online for your airlines credit card.