For those who have a great handle on your finances and who are also frequent travelers, owning an airline miles credit card can give you several benefits, including a much better experience during your travels, as well as money saving opportunities. In particular, these cards allow you to accumulate and earn rewards points that can be redeemed for flight upgrades and even free flights! Airline miles credit cards allow you to collect reward points and miles which you can use towards free flights that are served by many major airlines.
|Intro APR||Intro Period||Regular APR|
|Annual Fee||Balance Transfers||Credit Needed|
|$95, waived for first 12 months*||No||Excellent Credit|
There are many types of travel cards available. We actually have three separate card categories that we've put together to showcase various cards that are in the travel space. The different categories include "travel & hotel rewards", "airline miles cards" and "frequent flyer credit cards". How do they differ?
Travel & Hotel Credit Cards are a mix of airline miles, frequent flyer and hotel rewards credit cards. They're a great choice for any traveler who wants to get breaks for spending on travel. This is a general category for rewards cards that help you enjoy better hotel accommodations or help you earn miles or points when you use your card.
Airline Miles Credit Cards are those you can use to help you earn and redeem points or miles towards a variety of things, including cash, travel or gift cards. In many cases, you can immediately earn bonus miles or points after your first purchase.
Frequent Flyer Credit Cards are used to let you earn miles which you can turn around and apply towards airfare or airline tickets.
So which card should you select? It depends on what you're after. The more flexible cards would be for those that are general travel cards or airline miles credit cards. These cards can help you earn points that can be applied towards "stuff", general merchandise, cash as well as for travel-related items. Hotel credit cards and frequent flyer cards are far more specific.
Some airline miles credit cards will reward you much more when you spend on airfare and travel. For example, you can earn 5 points for every dollar spent on airfare, and 3 points for each dollar spent on dining and hotel stays. Other cards will grant you one mile per dollar spent, while others will offer hefty rewards points or miles upon sign up.
Carrying a rewards credit card has it privileges. One of those privileges, at least for those who carry air miles cards, is free travel. Here’s how it works. Borrowers with good or excellent credit can apply for what’s known as a rewards credit card. There are many types of rewards credit cards, but the most common is one associated with air miles. When you use your frequent flyer credit card, you earn free flyer (or flier) miles. Usually the exchange rate is 1 mile per dollar spent, unless you use your card in certain venues like when purchasing airline tickets, rent a car or book a hotel. Those dollars are usually worth two air miles each. These miles accumulate, ultimately resulting in an air miles balance that is high enough to redeem for a free airline ticket.
Many frequent business travelers use such cards to rack up free miles by booking their airline tickets and other travel expenses on their personal rewards credit card and then use the miles they earn for free travel, but they do have drawbacks. Some of these include:
But, there are a few good things that can come about by earning air miles:
The most important thing to keep in mind when you use your frequent flier rewards credit card is to spend wisely. Even though you are getting perks for using your card, you are still responsible for paying the bill when it comes in. Note that the amount of money you spend in interest may actually cover the cost of your “free” ticket several times over.