Last Updated on
Much confusion has been had by people looking for a new credit card. Everybody is looking for a card with great rewards. A popular reward is airline miles. How it works is for every dollar you spend your credit card company gives you a mile towards your next plane ticket. They coincide with each other based on how far you plan on going. Some companies give you a dollar for that mile but most stay with the actual distance.
All of the major airlines have a mile reward credit card. Continental, Southwest, and Northwest have some of the best programs. For the most part you can accumulate these miles for a couple years and cash them in at one time. Do be aware that some of these airlines only let you travel on odd days and hours. The airlines would rather charge full price for a seat on a plane leaving on a Saturday instead of you taking that seat for free. What they would rather do is have you leave really early on a Tuesday or Thursday which are historically light travel days. They know that they are going to have seats available so you are forced to use these times. If you are flexible then it does not really matter because you are getting a free ticket.
So what credit card should you apply for? Should you apply for an airlines card or go through a bank? It really depends on what kind of traveler you are. If you can be flexible then go with the airline. The only downside is that one particular airline might only go to certain locations. What if you want to go to South America and your airline does not go there. Then you are stuck with unused miles. many people find this out the hard way. They call up their credit card customer service and are told it while they have started planning the trip out.
The best bet would be to apply with a bank. They will give you miles that can be used to any airline with no blackout dates. You get the most flexibility this way. No getting up at 5 am on a Tuesday to make it for your early flight just because the airline told you this was the only time. The banks will want to keep your business and will be able to provide better customer service also.
When applying for your next mile rewards credit card take a closer look into going with a well known financial institution. This way you can plan where and when you want to go instead of being told when you are going to go.