Credit cards have become more famous and interesting because of the rewards programs that come with it. Aside from the “Buy Now, Pay Later” offer, you can also gain points each time you use the card. These points can be converted to cash, freebies and special services.
One of the most talked about is the frequent flier miles credit cards. Before you start choosing one, get to know more about this type of rewards program.
How Do I Earn Miles Points With These Credit Cards?
This will actually depend on the credit card company you are dealing with but generally, points are earned based on the amount of purchases charged to the credit card. Most credit cards give one point for every dollar spent using your credit card.
One point is equivalent to one mile. Usually, there is a minimum number of miles a credit cardholder must reach to qualify for the free travel ticket or other freebies. There are instances where mile points can double depending on the credit card issuer.
How Do I Redeem My Miles Points?
Some Frequent Flyer credit cards are affiliated with specific airlines or carriers. In this case, a cardholder may only redeem the reward from the affiliated airline.
This is the reason why you need to make sure that the airline you usually fly with is affiliated with your chosen frequent flier miles rewards credit card.
Will The Points I Have Collected Expire If I Don’t Use Them?
This again, depends on the credit card issuer. There are certain credit cards that impose a blackout date where the credit cardholder MUST claim his/her rewards or collect enough points within the given period of time.
On the other hand, there are frequent flier credit cards that does not impose blackout dates or expiration. It is best to choose a frequent flier miles rewards credit card with no blackout dates so you can be sure that none of your points will be wasted.
Am I Required To Pay An Annual Fee?
Some issuers will require you to pay an annual fee while others will not. However, keep in mind that the best travel reward credit cards are the ones that have low annual fees. Let us say that you have chosen a credit card company where you don’t need to pay an annual fee, but are the interest rates and rewards worth it? When doing comparisons, weigh the rates, fees and conditions associated with the credit card.
What are Generic Mileage Credit Cards?
Generic mileage credit cards do not restrict you with just one specific airline. This allows a credit cardholder to redeem the rewards from any airline.
Ann Wilson is the head writer of Reward Credit Card Site. This resource provides consumers with valuable reviews and information on the best credit card reward programs. Its main objective is to help people to take advantage of credit card rewards and start earning reward points. Copyright © 2008
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