Friday, July 8, 2011

Best Airline Credit Cards to Fly With

There are all kinds of frequent flyer miles credit cards, that when you what to look for the best one, you will be so overwhelmed by the millions of options available that you will go crazy. Furthermore, in your search for the best airlines credit card, finding the pitfalls does go with the territory.

So what do you need to look for when looking for when you are looking when you are looking for the best airline rewards credit card? Well, the first thing you need to pay attention to is what airline do you fly on the most frequently? This can be very important since not all airlines reward cards can be for every airline, though there are some such cards. Many airlines cards might be only restricted to one particular airline. You have credit cards that will give you miles only on United or another major airline. Other more premium credit cards will give you rewards for not just any airline, but will also throw in hotel stays, restaurants, and even whole resorts. So, what do you have to look for?

Interest rates
Just like any other credit cards, interest is very important when making your choices. Typically, interest is measured by APR, or annual percentage rate. Some credit cards can have introductory rates as low as 0% APR for either the first six months or year, but be ware, because you could be gouged with high APRs when the introductory rate cancels out. More often than not, however, high APR cards can also be a benefit in disguise, though it may seem that you are paying more. How is that? Well, thats because the fact that credit cards which give back rewards, such as airline miles, often incur a cost in doing so, thus the higher APR. Wheres the savings? Well, if you think about it, managing your credit properly and not carrying a monthly balance on the cards, you can avoid even higher interest rates. You dont want to make extremely large purchases with credit cards. You want to make purchases that you will be able to pay it back within a couple of weeks max. By doing this, you keep your credit card account in good standing and you accumulate the miles. In the end, the higher APR allows you to be able to fly at half price. You may even be able to stay at a five-star hotel and spa and have the vacation of your dreams.

How often do you travel?
This is a question that you should ask yourself before you decide to get a frequent flyer or airlines reward card. Are you a business traveler and fly frequently? What are your flying habits if you do fly frequently? Are you an international traveler or do you fly domestically? Depending on your flying habits, you want to get the right card that accommodates your travel habits. Do you like luxury hotels? There are many different cards that can allow you to spend on airfares, hotel stays, car rentals, or on everyday spending and then you can be rewarded with that family vacation for almost nothing. This all depends on the kind of card you get.

What are your spending habits?
Spending habits can also play a big role in getting the right airline rewards card. Credit card companies earn big money by you spending. This is why the rewards are there in the first place. This can be what gets you the miles you want. Basically, any rewards card allows scores your spending with points. As these points accumulate, your miles also accumulate. Typically, if you have over 10,000 points on your card, you could have enough miles to be able to have a free flight, discounted upgrade to first or business class, hotel stays, etc.

The main thing you need to remember is that rewards cards can be great, but they do tend to have a higher APR than regular credit cards, thus you need to make wise choices and choose the right cards. There are many different credit card comparison sites that you can choose from to decide which is the best airline card for you.

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