Airline Travel Credit Cards Pros and Cons
If you have good credit a low-interest rate credit card may be a better deal, then many of the airline credit cards offered today. This is especially true if you are one of the many Americans who carries a credit card balance from month to month. If this is the case, a low interest fixed rate credit card would be your best credit card deal. Here are the reasons below why you might need to avoid airline credit card offers.
Are you a frequent Charger?
You will need to be to see any of the airline rewards you are trying to earn. Even if you have great credit the interest rate on reward credit cards tend to be a little higher. You could get approved for a credit for which you will never earn enough points to redeem a travel reward. Also, you could pay more in interest fees if you carry a balance from month to month than with a fixed low-interest credit card.
Choose Your Airline Credit Card Wisely
Ask yourself how much will I spend to get something for free? Many people get airline reward credit cards because they have a romantic idea that they will travel the world. Many of these credit cards carry an annual fee as high as $80.00. It may take four years to earn a domestic airline ticket. With an $80.00 annual fee, it would take $320.00 plus all interest paid to make one free flight. Most domestic airline tickets are less than $320.00. You may face blackout dates preventing you from traveling when you want. Another downside is that you could lose your miles if a particular time does not use them. Consider travel credit cards with no annual fee.
Are Airline Credit Cards a Good Deal?
Airline credit cards are a good deal for people who frequently travel with a particular airline. These people are already accumulating miles each time they travel. Sometimes cardholders receive bonus miles for booking airline reservations with that airline’s credit card. Also, consumers or business owners who charge thousands of dollars a month on their credit cards can accumulate miles fast. Many airline travel cards offer extra miles if you purchase from selected retailers.
Airline Credit Cards are a real value and benefit for many people. It is always important to review the terms and conditions of any credit card you apply for. Some airline cards offer better deals than others. Some of the most common things to check for is the interest rate, annual fee, and blackout dates. If you carefully read the fine print, you can make an informed decision on whether airline credit cards are right for you.
Advertiser Disclosure for the CreditFast website – CreditFast.com, provides information about the best credit card applications, as well as other financial products and services. Our goal is to provide you with fair, balanced reviews. Some credit offers that appear on our website are from companies from which CreditFast receives compensation, and some are not.
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