Frequent Flyer Credit Cards Can Be Very Rewarding
Frequent flyer credit cards are cards that reward customers for
card use with miles per dollar that can be redeemed in the form of
airline tickets or discounts on airline tickets. Often these cards
extend the use of the frequent flyer miles to hotels, rental cars,
restaurants, and other travel services as well.
These cards are popular options for business people who travel a
lot and people who visit family in other states. A few cautions
apply when shopping for frequent flyer credit cards.
First, make sure you understand the conditions under which you
can redeem the miles earned. Some cards have severe restrictions on
when you can fly and how, and some also have an expiration date
built into how soon you must redeem your frequent flyer miles.
Another common issue is the cost of the card itself. Compare the
frequent flyer credit card to other major credit cards offered by
the same financial institution. Is the interest rate higher? Does
the frequent flyer card charge an annual fee when the other cards do
not? It is not uncommon for the frequent flyer card to be the most
expensive credit card a given financial institution offers, so take
care when shopping for one.
Apply For A Credit Card.com allows you to comparison shop for
frequent flyer credit cards and to decide which one, if any, is best
for you. One very popular card is the Capitol One No Hassle Miles
rewards card, which comes in a standard and ultra version.
Cardholders earn 1.25 to 2 miles per dollar spent, no annual fee
applies to the standard card, and there are no black out dates or
seat restrictions.
Some frequent flyer credit cards allow you to transfer miles
between different frequent flyer programs, which can be very useful
if you have more than one credit card in the family and want to pool
miles for a single trip. Some cards with this option include the
Blue Sky Card from American Express and the American Express
Preferred Rewards Gold Card.
American Express cards may or may not charge a fee after the
first year, and sometimes the fee can be as much as $125, so this is
not a card for everyone. Also, not all American Express cards have
the option of carrying a balance. Typically American Express cards,
the gold standard of credit cards in the industry, tend to be used
by business travelers or persons who own their own businesses. They
may not be the best card for individual travelers.
Finally, these cards typically require excellent or very good
credit, so if your credit is shaky, these cards are probably not
your best bet. With the airlines in the US facing increasingly
difficult financial challenges, it is not likely that these cards
will become any easier to obtain or offer any better terms as time
goes by. Unless you really are a very frequent flyer, you can almost
certainly qualify more easily for a different credit card with
different perks, a better interest rate, and no annual fee.
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