This article talks about the different things you need to watch out for with airline credit cards.
People who fly a lot should have an airline credit card. With these cards, you can earn points that you can use in many different ways. Not all airline credit cards are the same, and some aren't good at all. It's up to you to figure out which ones are good and which ones are bad before you sign the contract. Trust me, you don't want to get stuck in a bad credit card contract. This is something you should stay away from like the plague. So, what can you do to make sure that the airline credit card you choose has everything you need?
The interest rate is the first thing you should look at when picking the right airline credit card for you. Don't let the low introductory rate fool you. Instead, look at the rate for the long term. This is the interest rate that will start to apply after a few months. This is the one you will pay for for years and years, so it is the most important. The contract for the airline card will tell you everything you need to know about the interest rate.
If you don't read the contract for your airline card, you deserve everything that happens to you, and believe me, it will happen a lot. Like any other credit card, airline credit cards can have hidden fees and loopholes that will cost you a lot of money over time. When you have an airline credit card, you should always look out for these things.
Before you sign that airline card, here are some things to find out:
How much will the minimum payment be each month? Most of the time, these are a percentage of the amount still owed on the airline credit card.
How long do I have to pay? This is how long you have to pay for things you bought with your airline credit cards before you have to do so. This can take between two weeks and a month. If you don't pay on time, you might have to pay late fees and have your interest rate go up.
What are the fees for being late? Most credit cards can charge you a wide range of different fees. There are fees for being late, fees for each year, and a lot of other fees that can pop up when you least expect them. If you want to avoid all of these fees every year, you need to know what they are.
How much can you charge on the airline card? If you don't know how much money you can spend, you won't know when to stop. If you go over your credit limit, you will have to pay fees that can put you in a lot of trouble. You should always know how much you still owe on your airline credit cards.
You can earn points toward trips you want to take in the future by using your airline credit card. You can use these points for both business and pleasure travel. People who fly a lot will find these airline cards especially useful. The best thing about airline credit cards is that you can usually use the money for things other than flying. You can also pay for hotel stays, food, or even gadgets with them. If you haven't already, now is the time to look into the many benefits of having your own airline credit card.
