Air Miles Credit Card - How Can You Benefit?

by : C.R. Hayes

When you use it wisely, an air miles credit card can have a lot of money saving advantages.

Credit card companies court their customers with all kinds of rewards these days which encourages both new accounts and loyalty from established folks like you and me. If you are a frequent traveler and manage your finances well, I recommend you look seriously at acquiring one of these cards. Actually, you don't need to travel often in order to reap the benefits.

Typically, most credit card issuers will reward you with at least one point, or mile, per every dollar you spend on everyday purchases when you use their card. Some of them give extra points, or miles, on specially designated buys. Some even give you a big head start by giving you a large amount of points with either your first purchase, or monthly as long as your account is in good standing.

So, what can you do with all of those miles and points? You can use them toward future travels, like airline tickets, hotels, cruises, car rentals, and restaurants. Some can be used for only designated airlines, travel agencies, etc., while others give you the freedom to decide who you book/travel with. You can also redeem them for cash. Yes, you can even turn those miles into good money. Is that enticing or what?

Now, you want to use your account wisely. You actually find your best savings when you pay your bill in full each month. This way, you won't have any interest to pay because your balance is wiped clean with every invoice you pay. In all actuality, you are using someone else's money all month long until you pay it back at the end of the month. To make it even better, instead of paying interest, you get rewarded. Now, isn't that a clever way to finance a vacation?

Before applying for your air miles credit card, you want to know any fees and interest rates (APR) which may be applicable to your account. Each credit card issuer varies all of these costs, so do a little comparison in order to get the card that is best for you.