Airline credit cards, mainly due to the convenience of passengers, are the result of cooperation between credit card companies and various airline companies. These are very popular reward cards and are often a step ahead for the flyer card. Flyer cards can often be sponsored or sponsored by the bank. Bank sponsored credit cards allow more flexibility, because the earned mile can be used on many airlines unlike airline sponsored, which is centered on a single airline. In addition to many incentives, the transaction on airline credit card can add substantial savings to the card holder.
Generally, for every dollar you put on the card, you earn a “point” which is equal to a travel mile. In addition, these cards can be used with a wide range of services such as hotels, car rental, car wash and shopping malls. And therefore accumulated points (once they reach the required level) can be redeeed for free travel miles for the next visit.
Who should go for an airline credit card?
Airline credit cards are the only intelligent financial decisions for those who:
* Has a good or excellent credit history
* Do not take the balance, in other words, pay your monthly bill without any outstanding and timely
* Charge a lot for the card and use it forever
* Comes to redeem the accumulated mile when it is flexible
Choosing the right airline credit card
A good airline credit card with comprehensive compatibility tasks helps in strengthening the benefits of 2 to 3 credit cards in one. The operation system for these cards is no different from the normal credit card. There are a few points to consider choosing the right card:
*Rate of interest:
Most of these cards have higher annual percentage rate (APR). Generally, they are 5-6% more than normal cards.
The annual fee for these cards is a major concern for card holders. In many cases, the paid annual fee is not relative to the rewards. It is better to compare fees for many cards, reduce the options for moderate fees, and compare the rewards given on these cards to make the final decision.
* Redemption Criteria:
Redemption criteria is an important factor in determining the right card. You should consider blackout dates that are continuously applied to redeem flyer miles. The number of miles can be upper limit which can be deposited and their validity. Some cards will allow you to convert accumulated points into cash. In addition, if the balance is not fully paid or the payment is late, then more restrictions can be made.
* Balance Transfer:
Some airline credit cards will allow balance transfer at low interest rates. This transfer of balance can help increase the flyer miles on the card. With balance transfer, you can get double the benefit of depositing more flyer miles and debt consolidation.
* Other attractive services:
There are many other additional travel services provided by these airline credit cards. Includes car rent rebate, travel insurance on purchases using your card, some restaurants and shopping malls, and emergency cash withdrawal from the card during travel and discounts.
Airline miles credit card
Another version of the airline credit card is the airline miles credit card. As the name indicates, these cards deposit miles per dollar. There are varieties of airline miles credit card which offer different terms and conditions for every dollar spent per airline miles. Therefore, you need to check the minimum mile required for a free travel and validity period of the accumulated mile.
With increasing competition, many airline miles offer attractive incentives on credit card sign ups. These include additional bonuses on the first purchase, some initial duration and 0% APR for the remaining transfer.
Although these are attractive proposals, but you have to consider the cost of maintaining these cards after the initial offer period. Airline credit cards, especially Airlines miles credit cards, are a good purchase for those who are regular flyers because these cards have high interest rates, annual fees, and other fees.
Finally, with any other card, you can only get good profits if you take time to read and research good prints with different offers. Carefully search should be given to those cards that offer low interest rates, no annual fees, more miles on the dollar spent and no freedom to travel on any airline. The best airline credit card is that which gives good value for money in case of collecting miles and rewards.