Any and every information you can get that can help you make a more informed choice when choosing an airline miles credit card is so very important. One of the issues we would deal with is the issue of which card would work best for you. Would you fare better with a card issued by a bank or one issued by an airline?
The primary thing to know is the difference between the card that is issued by a bank and one that is issued by an airline.
A bank funded card is one that you get directly from a bank. You generally get more options for redeeming air miles from a bank issued card. You also get lower rates from these cards. Usually, you are able to fly any airline you want with the rewards from these type of cards.
The cards you get from an airline limits you to the airline. Often times, you can only redeem your air miles with the air line. This is very limiting because you may want to travel to a destination that is not on the flight schedule of the airline at that particular time.
That was a simple clarification. Bearing the above explanation in mind, you can now decide what works best for you.
Credit Cards From An Airline
This card is most suitable for people who use one airline. When they get free air miles that can only be redeemed at the airline, there would not be any problems at all.
To really enjoy the benefits of an airline miles credit card, make sure you do not have a balance. Make sure that your credit card is only plastic money and not a loan instrument. If you do not pay off your balance as at when due, you would find that you would be burdened with the high rates usually associated with these cards.
Banks Funded Credit Cards
You have more options with these cards. You can redeem your air miles with any airline of your choice. You could also decide to redeem them in other ways like paying for hotel rooms, car rentals, etc .
These types of cards also require less air miles for you to redeem your rewards. There are however more details that you would get to know when you read the terms and conditions.
Generally, airline miles credit cards can be very helpful in getting you rewards for using your credit cards just the same way you would use it normally. People who travel a lot stand to gain so much from this card, this is because they don't need to do anything other than use their cards and then gather air miles from their frequent trips which they can then use for free tickets and other travel related expenses.
There is one point that cannot be overemphasized. These types of cards attract a higher interest rate than other cards, as you plan towards getting the card also arrange for how to pay your balance without fail. It would not profit you to earn bonuses and then at the end of the day pay out more in interest for failure to pay your balance when due.
For you to enjoy the airline miles credit cards, you need to be very wise.
The primary thing to know is the difference between the card that is issued by a bank and one that is issued by an airline.
A bank funded card is one that you get directly from a bank. You generally get more options for redeeming air miles from a bank issued card. You also get lower rates from these cards. Usually, you are able to fly any airline you want with the rewards from these type of cards.
The cards you get from an airline limits you to the airline. Often times, you can only redeem your air miles with the air line. This is very limiting because you may want to travel to a destination that is not on the flight schedule of the airline at that particular time.
That was a simple clarification. Bearing the above explanation in mind, you can now decide what works best for you.
Credit Cards From An Airline
This card is most suitable for people who use one airline. When they get free air miles that can only be redeemed at the airline, there would not be any problems at all.
To really enjoy the benefits of an airline miles credit card, make sure you do not have a balance. Make sure that your credit card is only plastic money and not a loan instrument. If you do not pay off your balance as at when due, you would find that you would be burdened with the high rates usually associated with these cards.
Banks Funded Credit Cards
You have more options with these cards. You can redeem your air miles with any airline of your choice. You could also decide to redeem them in other ways like paying for hotel rooms, car rentals, etc .
These types of cards also require less air miles for you to redeem your rewards. There are however more details that you would get to know when you read the terms and conditions.
Generally, airline miles credit cards can be very helpful in getting you rewards for using your credit cards just the same way you would use it normally. People who travel a lot stand to gain so much from this card, this is because they don't need to do anything other than use their cards and then gather air miles from their frequent trips which they can then use for free tickets and other travel related expenses.
There is one point that cannot be overemphasized. These types of cards attract a higher interest rate than other cards, as you plan towards getting the card also arrange for how to pay your balance without fail. It would not profit you to earn bonuses and then at the end of the day pay out more in interest for failure to pay your balance when due.
For you to enjoy the airline miles credit cards, you need to be very wise.
About the Author:
Check out AirlineMilesCreditCards.net to compare the best airline miles credit card offers including Alaska airline credit cards. Start earning free flights today.
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