Sunday, December 26, 2010

Know About Travel Rewards

Are you a frequent traveler? If so, it is likely that you are already enrolled on a frequent flyer program with a few airlines. In this case, would you be open to an opportunity to earn airline miles at a quicker rate? Yes, there are ways you can do this through the smart collaboration between airlines and credit card companies.
Indeed, you gain rewards points that can be converted into airline miles for purchases charged to your card. Of course, the total amount that you need to charge to your travel rewards credit card would need to be significant in order for you to attain adequate airline miles to claim your free flight. This also means that you have to charge more to your credit card each month. In order to reap the full rewards of this, it would be best that you pay off your outstanding credit card balances every month so as not be caught with a mountain of debt with high interest rates.
With this, it won't be long before you claim for your free flights for your well deserved holiday. What's more, rewards points may sometimes be claimable for free hotel rooms as well, making you a true smart traveler! Other benefits of your travel rewards program include hotel discounts, travel insurance or car rental discounts. Some of these credit cards even include car rental insurance coverage and buyer assurance plans.
There are a few attributes of travel rewards credit cards that you should look at when selecting the right credit card to get. First of all, these credit cards award a certain amount of free miles upon approval of your application or your first charge to the card. Other points of evaluation include the value of each mile that you will be getting. For example, some travel rewards credit cards award 1 point for every $1 spent, while others may reward 1 point for every $2 spent. Therefore, cards that reward more points for lower card charges will enable you to accumulate rewards points at a greater pace.

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