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Comparing Travel Rewards Cards
By: Adam Goldman
By using travel rewards credit cards you can actually earn a free ticket to any
destination, as long as you can clock in an average of 24000 miles to your card,
that is. All you have to do is to charge purchases to your travel rewards card:
every dollar earns you one mile. In addition to this pre-requisite for travel
rewards card, there are also other benefits to using travel reward credit cards.
It’s best that you evaluate these elements when deciding the travel reward card
that will best fit your needs.
0% Annual Percentage rate
One of the most common rewards offered by credit cards is the 0% annual
percentage rate. This means that you will not be charged any interest on your
outstanding balance. However, these 0% offers are only available for a short
period, usually between 6 and 12 months. The APR after the period may be
relatively high as compared to other travel cards.
Travel-related benefits and privileges
Some rewards come in the form of travel accident insurance, travel assistance
and delivery of emergency cash. Other rewards allow you to redeem your mileage
points with any airline affiliated with your card company. In addition,
affiliations of these credit cards with major hotels, car rental companies and
selected restaurants allow you to gain more airline miles from purchases made
here.
First purchase bonus miles
Some companies offer an immediate award of 5000 to 17500 miles upon the first
purchase you make with the card. However, these immediate awards are usually
limited to just a single airline. Also, be wary of blackout or expiry dates for
you to redeem your mileage points.
More miles per dollar
That 24000-mile goal may be harder to achieve than many would realize. Thus, it
is a good thing that some card companies make it easier by allowing their users
to earn up more for each dollar. Card users can earn up to twice as many points
at certain affiliated stores while others can earn up to 6 miles per dollar
spent at restaurants.
Other fantastic rewards
Due to the competitive nature of the credit card industry, certain credit card
companies offer other fantastic rewards such as class upgrade certificates,
reduced mileage rewards, bonus miles awarded upon online approval, half-off on
companion ticket upon card approval and also service fee waivers for the first
year.
About the Author:
Adam Goldman recommends Find Credit Cards to compare travel rewards cards. See
http://www.findcreditcards.org/type/travel-rewards.php for more information. |