4 Benefits of Having an Airline Miles Credit Card

iQuanti: Many frequent travelers may find that they often book travel with or are loyal to a certain airline. If this sounds like you, you may be a prime candidate for an airline miles credit card. So, if you’re on the fence about applying, here are four benefits of having an airline miles credit card you should know about.
1. Sign-up bonuses and referral rewards 
Many airline miles credit cards offer a sign-up bonus. In exchange for spending a certain amount of money during your first few months as a cardholder, you may receive a lump sum of miles to jumpstart your account. These sign-up bonuses often change throughout the year and may equate to one or more free flights if you catch the right promotion.
Your airline miles credit card may also give referral rewards for friends or family you encourage to sign up. When your referral opens a card, you may get a statement credit on your account. That means simply singing the praises of your airline card could mean more miles in your travel bank.
2. Multiple rewards categories
Some airline miles credit cards reward you for booking travel and when you dine, shop, or spend in another category too. For example, certain airline credit cards might offer 1.5 miles for each $1 when purchasing airline tickets, as well as 1.5 miles for every $1 spent, regardless of category.
That means if you find the right airline card, you can amass miles more quickly without earmarking that card specifically for purchasing flights. As you compare cards, keep an eye on perks that extend beyond your ability to accumulate miles. Then, choose cards that allow you to earn more miles for rewards categories where you’re already spending the most money.
3. Redemption flexibility
Having the option to redeem miles for the expenses of your choice can add convenience and flexibility to your travels and everyday life. Many airline miles credit cards allow you to redeem airline miles for more than just flights. For instance, you may be able to redeem your miles as a statement credit that you can use for a variety of travel purchases, like a hotel stay or car rental. And some airline miles credit cards may give you the opportunity to redeem miles for cash, which you can use to cover whatever expenses you need.
4. No annual fee
While many airline miles credit cards come with annual fees, some cards allow you to enjoy the benefits with no annual fee. No annual fee credit cards can be a great way for cardholders to maximize their rewards without having to worry about paying an extra cost at the end of the year.
The bottom line
Choosing the right airline miles credit card puts you in a position to earn miles on what you’re already spending. And benefits like sign-up bonuses, multiple rewards categories, redemption flexibility, and no annual fee help sweeten the pot. If you pay off your card balance in full every month, you’ll avoid interest charges and reap the full benefits of an airline miles card.
Source: iQuanti, Inc.