Mileage credit card – will these cards benefit you?
November 02, 2009 // Posted by: Insider // Category: Credit Cards
It is a very personal choice whether you want to have a Mileage credit card or not? The mileage credit cards can benefit only a few people and may be a waste for others. It will benefit you if
You travel frequently and these mileage points will really help you out.
You need to use your credit card for each and every purchase to be able to collect the required mileage points. If you only use your credit card once or twice a month, the mileage card is not for you.
Remember the mileage credit card may require an annual fee, there fore unless you are able to collect the number of miles required for redemption, it is not worth it. Even for a few hundred dollars of mileage points, it would be foolishness to spend money as an annual fee.
Also keep in mind that to collect the mileage point, if you charge your credit card more, you may have an outstanding balance on your card. This will require interest which may turn out to be more expensive than the actual mileage pints that you are getting.