A miles card is one of the many credit card options available for the discerning big spenders of today. A miles card definitely amounts to rewards, if utilized in the right way, but more often than not the customer ends up paying out more in finance charges and fees than they would have with a traditional card.
Ever tried figuring out the cost per mile on your miles credit card? Or does that sound like too much work? The bottom line is that you need to earn enough miles on a miles card in a year to ensure that you are not overpaying for the miles. That being the case, you would be better off utilizing a credit card that doesnt charge you an annual fee instead of those cards that come with hefty annual fees.
Know Your Miles Card
Knowing a miles value on your miles card will help you in ways more than you can imagine, so dont ignore it! There is definitely no point in sticking with a program that offers you rewards of less than 1 mile earned per dollar purchased using the card. You also wouldn not want to fritter away any miles that you earn on your miles card for products or services that give you much less value for your money, but if your reward points...
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