Frequent Fliers Enjoy Free Cash

Credit Complex — By on January 1, 2010 10:19 am

Whether you travel for business or pleasure, you should take heed of the offers you may be overlooking in your junk mail. And yes, I do mean the actual postage delivery system that seems to be filled with nothing but spam these days because by now, everyone receives their statement online.

The next time you get your mail, open up all those offers from credit cards trying to get your attention with free offers and promotions. Some of them may not be worth the paper they are written on. But every now and then, a really good offer that fits into your lifestyle will come available.

For example, if you fly anywhere, ever, and you also hold one or more credit cards in your wallet, there is no reason you should not take advantage of an offer that extends an award system to give you points to put towards free airfare, hotel, car rentals, meals or more.

Imagine buying gas each month and saving the cash aside to pay the balance off. If you take part in a reward program that gives you 1 mile per dollar spent, you could be easily earning 200 miles per month or more.

Participating in a frequent flier program through your credit cards company is not a hard decision to make. It is like getting free money for spending the money you already had to spend.

The pain of having to purchase 4 new tires might not sting so much if you know you will not only get 4 brand spanking new rubber circles to drive around on, but also several hundred miles to travel for free the next time you want to take a vacation.

If you are convinced that you need a card that will pay you back, then here are a few awards or factors you should consider.

  1. Do you want to pay an annual fee? Most consumers do not want to see a bump of 99 dollars or more on their credit cards at the end of every year. If paying a fee like this is not a cost your willing to make, then seek out offers that have
    zero annual fees. One catch is to make sure that the annual fee is not merely waived the first year and then accrued each year thereafter.
  2. Would you need to cash the miles or points in during a major holiday or weekend that could be listed on a blackout date? Some credit cards limit the days you can travel.
  3. Will your points or miles expire? You should find a card offering no expiration date to your points and even consider if the points are transferable.
  4. Are your points only eligible through certain providers or vendors. Some offers may be exclusive to one airline, hotel, website or travel agency. Consider if this is okay with you or too constricting.
  5. Will the miles apply to international travel? You may want to save your miles up for your dream vacation across the world. So before you sign the dotted line, make sure you can apply your points to travel anywhere in the world, or learn what countries may be blocked out.

This is a lot to consider, but the good news is that this is a popular award system so there are many programs and companies offering a line of credit to you. You just have to take a little time and find the one that fits best into your lifestyle.

It would be smart to narrow your choices down to two or three credit cards and then finally choose one company to apply for the card with. By only applying for one card, you will protect your credit score and keep the number of inquiries to a minimum.

Before you know it, you will be vacationing for free.

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