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Article #150: Airmiles Credit Cards - Just Another Reward Scheme?

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There are many incentives for taking out you've signed up, all you have to do is
a new credit card. Long term low interest spend as usual to earn air miles.
rates are attractive. So too are 0% Additional Travel Rewards
balance transfer and purchase rates, but Many of the credit card companies that
these only last a short time. However, offer miles also offer other travel
there are other rewards that last for the related rewards. These include travel
life of the credit card and that are insurance and other rewards to be applied
attractive to most credit card to travel. Some companies do not offer
purchasers. One of these is the air miles this scheme, but offer an equivalent
scheme. travel points scheme. This works on a
What Are Air Miles? similar basis to the air miles scheme.
The Air Miles scheme is a loyalty scheme Are There Other Incentives For My Air
that allows customers to collect points Miles Credit Card?
for everyday purchases from a number of Since many air miles credit cards are
high street and online retailers. Points issued by banks that issue other car
can also be collected on travel, hotel companies, the same advantages may apply
bookings, currency exchange and travel to new card holders. Some air-miles cards
insurance. These can be spent on travel offer 0% on balance transfers and
to different destinations. Different purchases for up to nine months. Others
points totals are needed for different offer a low rate of interest on
destinations, depending on the distance transferred balances for the life of the
from the starting point, the time of year balance transfer. These offers will
and what deals are available. For appeal to people who want to earn travel
example, going to Paris requires about incentives and clear debt at the same
400 miles, while travelling to Sydney time.
requires about 4,000. It's worth paying attention to the
How Can I Earn Air Miles With My Card? interest rate on the credit card. Some
Earning air miles with a credit card is credit cards offer competitive interest
very simple. First of all, sign up for a rates which will appeal to most credit
deal that offers air miles as a reward. card users. However, others have high
There are several of these offered by interest rates and some have balance
different companies. Card companies that transfer fees. Balance transfer fees are
offer this reward scheme include Nat fees charged by credit card companies
West, Royal Bank of Scotland, Cooperative when people transfer balances to take
Bank, Morgan Stanley and American advantage of preferential rates. The
Express. Some card companies offer their balance transfer fee makes credit card
own travel schemes, such as the one done jumping less attractive and helps credit
in conjunction with British Airways. card companies to make some of the
Some card companies require you to sign interest they would otherwise have lost.
up separately with the air miles scheme. There are still credit cards without a
The advantage of this is that you can balance transfer fee, so it's worth
earn miles with other retailers even if shopping around for these.
you are using a different card. Once






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