Selecting a Miles Card
For those of you who travel for work or for fun and spend what seems like more time in the air than on the ground, an Airline travel card will be perfect for you. But this is also a very large challenge. Airline rewards cards were among the first bonus credit cards ever introduced and by now there are many different offers out there. What does this mean for you? It means that you are going to have a challenging time finding one offer that provides the greatest benefits. But it also means that when you do secure that perfect plastic, you will be reaping some of the best rewards available.
That being said there are a lot more things you need to look at than just airline miles. Just because a card is going to give you the most airline miles does not mean that it is the right card for you. Often the best card is going to be the one with the least amount of restrictions when you are trying to redeem your points. Brand loyalty and how you normally travel are also factors in the decision making process.
Just a forewarning, airline cards tend to have higher APRs. Another thing you need to keep track of is if your miles are going to expire and how many you need to accumulate to reach the first tier of redemption. This is more often than not the trickiest part of these types of cards. Also look into whether or not there is a cap on how much you can earn. But before we get too carried away let’s talk about the different types of airline credit cards.
The first type of cards is the Generic Airline cards. These are your airline mile cards. If you don’t have a particular type of airline that you fly with than this might be a very good pick for you. It doesn’t limit you to one specific airline or brand of airline. These cards were developed so that a person can rack up miles and redeem them using any major airline.
On the other hand you have Co-branded airline cards. This happens when the major airlines join together with major credit card companies. Much like a branded gas card, this not only helps the companies make money, but it usually offers you a good rebate as well. With these types of cards you can rack up points not only flying, but also by shopping with your card. The downfall to this is you can only use your points or miles for your specific airline. This breeds not only airline loyalty but also return business.
Having all of these options open to you isn’t necessarily a bad thing. This gives you choices. It is going to take time and effort to muddle through all the chaos of the offers, but it does give you a chance to get the card that works best solely for you. Choose wisely.