Ask These Questions Before You Get An Airline Credit Card
Posted at by ifydcat on category CreditIf you want to get an airline mile credit card or even any other type of credit card, you need to ask certain questions to ensure that you would not be in a financial bind after your decision.
The first question to ask yourself is this. Is A Credit Card Very Necessary For Me?
Many people have opted for debit cards rather than credit cards and for a reason too. The fact that credit card offers credit has made a slave out of many people. They spend more than they earn. We can attest to the fact that the credit facility on credit cards have come in handy at times but the overall misuse of the card leads to sorrow.
For those who are not able to pay their balance promptly, it is not advisable to get an airliner miles credit card because the interest rates on them are slightly higher than the rates on the other cards. You should certainly get these cards and enjoy the rewards if you can easily pay your balance regularly. In this case, you would not be bothered about the interest rates since they won’t apply to you. All you need do is now concentrate on getting a card that you can get full benefits from .
Another question to ask is: Can I Pay The Annual Fees?
All the credit card companies are in stiff competition with each other, vying to get as a large part of the market.For this reason plenty of them now give out 0% interest rate as promotional offer. Some others give one year without annual fees. Do not be taken in by this. Make sure that you find out what the fees would be when promotional offer is over.
For those who travel a lot, they accumulate air miles very fast and so it would not be a bad financial choice to pay the annual fees because the rewards they would get would be worth the fees they pay. However, people who do not travel very frequently take a longer time to accumulate the needed air miles to earn a free ticket. If the annual fees they would pay while waiting for the airline miles to get to the needed amount is so much, then the reward would not make any sense.
Knowing the frequency of your trips would help you make the right choice of cards.
Another important question to ask is this: Would A Bank Sponsored Credit Card Be Better Than An Airline Sponsored Credit card?
All credit cards ultimately are issued by banks. Some of them however are affiliated directly to a specific airline. The implication of this is that you air miles would only be redeemed at the airlines or from any other partner they may have. This would be a good option for people that fly constantly with a particular airline or if that is the nearest available airline.
Banks also have cards that are offered directly by them. On these cards you have more alternatives of how to redeem your air miles. You are usually able to redeem your air miles with any airline or vendor of your choice. When you use the card for the transaction, you would be reimbursed for the value of the air mile accumulated.
These are not all the questions you should ask your self before getting a card. If you truly think that an airline miles credit card is really necessary for you to have, then make time to get all the details and then make an informed decision in the best option for you.
Check out AirlineMilesCreditCards.net to compare the best airline credit cards including Alaska airline credit cards. Start earning free flights today.