Travel Rewards Credit Cards

Hundred types of travel rewards credit cards are available in market. These credit cards are basically divided into two categories. First one is affiliated with airlines credit card and second one is generic credit cards. With the first credit card you can get for each dollar one mile of traveling. Also with this credit card you can get extra miles for your spending on travel with airlines.

Generic credit cards are also the similar credit card issued by bank. Here you get point on your spending and One dollar is equal to one point. This credit card generally provides free ticket when you have 25,000 points in the u.s.

These two credit cards also charge some fee. While the airline affiliated card charges high in compare then generic credit card. All airline affiliated credit card charge annual fees and that is $50 to$150 per year while some generic credit cards don’t charge any annual fee but some other credit cards charges. But these fees are generally less then $50. Generic credit card also
supports low APR.

This credit card also offers some attractive packaging. Sometime this credit card is little expensive, because you spend more money to get the reward. If a person spends $5000 a year on his credit card then it will take five year to get a free ticket. But this $5000 a year is a poor value and it will take more time to get a free ticket. While a ticket cost you only $400 and you spends five year for making this.

60% of customers carry over balance. And this balance may spoil the reward value. In this way also credit card companies makes a lot of money. So if you spend less then $10,000 a year, it is better to choose cash back or any other reward credit card.

Airline affiliated card are better suited for big spenders or frequent travelers.
 

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