08.24.07 | Frequently flying with credit card miles
When most people think of perks from credit cards, they usually reply with, “frequent flyer miles.” These are the ubiquitous bonuses of frequent credit card use and can ultimately provide free trips and upgrades. Certainly, something worth pursuing, right? Well, not necessarily.
The problem with most of these cards is the annual fee, which I’ve talked about before. This amount (which ranges from $40 to $100) can offset any miles you receive, unless your company covers this cost and you are flying on a regular basis. These cards are also usually for one airline, so if you fly somewhere that Continental or Delta doesn’t normally go, you may miss out on some serious credit card miles.
One card we offer avoids this issue as well as the annual fee. The Capital One No Hassle Premium Rewards Card is a unique specimen in that it offers miles for all airlines and the rewards can be used whenever you want. The latter is a bonus because most mileage programs have restrictions as to when you can fly, so you are usually restricted during very hot times, like Thanksgiving, Labor Day and Christmas. This card doesn’t concern you with that. Finally, the card doesn’t work with any present miles you may have through other programs, so it’s better for those who are just starting out.