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Airline Mileage Credit Cards

What are airline mileage credit cards

Airline mileage credit cards as the name suggests let you gain free airline miles on every purchase or transaction that you do through your credit card. Hence the airline mileage credit cards prove to be a boon for those British citizens who have to travel a lot by air. However it is often seen in the case of airline mileage credit cards that many budget British travelers enter into credit card agreements without reading all the terms and conditions including the terms in fine ink. The problem with recommending these cards is that no card will work well for every one of us. Hence it becomes your responsibility to check with other airline mileage credit card owner the benefits and disadvantages of the cards.

The problems

Researching for airline mileage credit cards seems to be a little difficult as the credit card companies complicate matters and eliminate apple to apple comparisons. It is possible to find out information on the APRs and the annual fees but the terms and conditions for redeeming travel rewards vary so widely that useful comparisons become very difficult. You should think carefully about your travel patterns. For example, if you can reach 30000 points easily, then you might have it as a starting point for redemption. In case you are not able to reach so many points, then you will have to find a card that will allow you redemption at lower levels. In case you are not able to pay your entire balance, then you should take the interest rates payable into consideration. Travel rewards are not very helpful in case you are paying finance charges every month. Also if you are getting just a few hundred dollars worth of free travel then an annul fee of approximately 40 pounds can deprive you substantially of your savings.

Points to be considered before opting for a airline mileage credit card.

Mileage expiration – If you are saving your miles to be used later and the unused miles expire after a few years and then all your efforts are wasted. However there are some cards which have no expiration benefits or benefits for up to 5 years.

Interest Rates – If the interest rate is a major concern for you then selecting an airline mileage credit card is a bad choice. This is because the interest rates on airline mileage credit cards are very high.

Annual Fees
– There are several annual fees for each type of card. There are many cards that offer gold or platinum options, but the prices of the cards rise with the privileges. Hence don’t expect to benefit from some of the hyped options unless you have excellent credit ratings.

Lowest minimum miles for a trip

Do consider this option when going for an airline mileage credit card. Gone are the days when you had to spend almost 13500 pounds before any travel rewards were possible. The minimum moles have gone lower now, but you still have to save a lot of rewards points for any big trips that you plan out in the future.

 
   



 

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