Credit Cards With Airline Rewards

Calculating Airline Rewards Earned with Credit Cards

According to the non-profit group, U.S. Citizens for Fair Credit Card Terms, Inc. (CFCCT), dividing 25,000 by the amount charged on a credit account each year will give you an idea of howlong it will take to earn a free ticket. If you determine it will take several years to earn a flight, and you're paying a 50-dollar annual fee, you're paying close to regular price by the time the mileage points are redeemed. Consumers who do notspend a great deal annually and are surrendering $50 a year or more in fees shouldreconsider applying for a mileage account. More...

Questions to Ask When Comparing Mileage Rewards Programs

Rewards program applicants should ask the following questions:

• What airlines will I use most frequently? Do these airlines accept miles from my award program?
• Are there strict blackout dates or flight restrictions?
• Do my points have an expiration date?
• Would it be best if I find a cash-back rewards account and apply my rebate to a plane ticket? For more information, check out CFCCT's article about cash-back versus travel rewards cards.
• What are the annual fees and my balance carryovers? Will the fees and finance charges offset the program benefits?
• Will I be tempted to spend more on my plastic just to earn the reward?

Consumers can find and compare mileage programs with other travel-benefit programsat CreditCardApplications.com.The company has been in business since the 1970s, working to provide users withtop card offers based upon their financial needs and card category interests.