Airline Miles Credit Cards
An airline miles credit card is usually offered in one of two ways: from a specific airline or from an issuing bank, representing many (if not all) airlines. With an airline miles credit card the bearer has the ability to earn airline miles with every dollar spent on purchases. Most cards even offer bonus miles when you sign up and make your first purchase. One thing to keep in mind when applying for an airline miles credit card is how many miles you receive per dollar spent, yearly membership fees (if any) and interest rate (typically high on cards with good mileage rewards).
Benefits of an Airline Miles Credit Card
- The bearer can earn miles on every dollar spent on purchases
- Cards issued by banks typically have lower air mileage requirements to redeem for flight coupons
Drawbacks of an Airline Miles Credit Card
- There is usually an annual membership fee
- Most airline miles credit cards have a high APR
- Airline miles credit cards issued by airlines typically only redeem miles for that airline
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