Friday, April 16, 2010

How Many Miles Will You Earn With That Credit Card?

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Most credit cards that you use for earning miles will give you one mile per dollar spent, and it will cost you 25000 miles for a continental flight. So that means for every $25000 dollars that you spend, you will earn pone free flight. Now this is where a lot of people will stop reading, because they think "I have to spend $25000 to get one lousy flight?" But the truth of the matter is, you are already spending that money and not getting anything for it!

Most credit cards associated with airline miles will have some other way of increasing your miles earnings. The most common is using your miles credit card to purchase a ticket with that airline. If you have done your homework carefully, this is not a problem, because it will be an airline you want to fly on anyway. That is one reason it is important to choose a miles card that is associated with an airline you will use. A bunch of miles sitting in your account that you can't use does not do you any good.

Check back later for more information on how to do some research into miles from credit cards. In the meantime, if you have information for others, feel free to leave a post.

Friday, April 9, 2010

Best Credit Card for Miles

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So, you finally decided to follow my advice and get yourself a Miles credit card. So your next question is, which will be the best credit card for miles? Well, that's going to depend on a few different factors. Of course, the very best credit card you could get would be a 0% APR credit card. But those are pretty hard to come by, and the ones that do come along our usually only short-term. So if you cannot get a 0% interest credit card, at least try to go for a low interest credit card.

If you had credit card problems in the past, you may have to apply for credit card with a higher interest rate. When I am looking for credit cards, I do not usually take the interest rate into account, because I pay mine off every month. I do not believe you should have a credit card and carry a balance on it on a regular basis. If that is the way to use a credit card, a Miles credit card is not the program for you. The exception to that is if you have a 0% APR credit card, you can carry a balance on that.

Come back tomorrow and we will go into part two of how to get the best credit card for miles. Until then, hold off on your spending so that you can earn miles on all of your purchases.