More credit cards with rewards are available now than ever before. There are credit cards that give you cash back, cards that give you points, and even a new Nectar card from American Express. One reward that has been popular for a long time is the airline credit card. Many of the biggest credit card companies offer these, and as a reward, you can earn air miles as you spend. Airmiles are a very popular reward because they can be used to fly for free or get an upgrade on most major airlines.
More credit cards with rewards are available now than ever before. There are credit cards that give you cash back, cards that give you points, and even a new Nectar card from American Express. One reward that has been popular for a long time is the airline credit card. Many of the biggest credit card companies offer these, and as a reward, you can earn air miles as you spend. Airmiles are a very popular reward because you can use them on most major airlines to get free flights or better seats. But customers have to keep asking themselves if they are the best value.
When you look at all airline credit cards as a whole, you usually get one air mile for every pound you spend. This seems fair, but when you look at the prices for cashing in air miles, you can see that even the shortest flights cost thousands of air miles. Most customers will have to spend a lot of money on the card before they can get a free flight, even if it's within the UK. Some customers will be able to add these miles to the miles they get from flying, which will help them get miles faster.
Depending on how this compares to other rewards, you may have to ask yourself if it's worth the trouble. First, compare this kind of reward to something like a cash-back credit card reward. Depending on how your card works, you might have gotten enough cash back to buy a flight out right before you got enough miles to get a free one.
Also, the last thing you should think about is air miles if you are paying high interest on a balance you still owe. You should instead think about getting a good balance transfer card that lets you move your balance to it and enjoy a long period without interest on the balance. This will probably save you a lot more money than any reward programme could. Also, you might want a card with lower purchase rates if you don't pay off your balance in full every month. As a general rule, if you don't pay off your credit card balance in full every month, you should care more about interest rates and the ability to transfer your balance than about reward programmes.
