Caution When Using Airline Miles Credit Cards

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Is earning airline miles on credit cards a good deal?

Caution When Using Airline Miles Credit Cards

It is now easier than ever to rack up those frequent flyer miles. Airline credit cards can be used for shopping, dining, gassing up the car, staying at a hotel, and more. For anyone longing for a vacation, this is hard to resist.

Before getting all excited however, take the time to read the fine print. How much of an interest rate are you paying on your airline credit card? This may be a shock. How many airline miles are you actually being awarded? That fabulous trip to paradise could take decades.

Another angle not often considered is the hidden costs of earning airline miles. Are you driving miles to earn airline miles, or shopping at more expensive places just to earn a few miles? Is it really worth it when figuring this in? The best way to rack up miles is by flying on that airline, particularly when getting a double-miles deal.

   

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