As soon as you take out a credit card, you are meant to use it. If you get hit with a hefty bill, it is your financial advisors who will help you pay off the loan immediately. The credit card doesn’t have to be a big deal to them because it may suit your business strategy if your card is used for a broad range of purposes.
Among the largest are credit card loyalty programs. These are those companies which offer you gifts in exchange for your loyalty. These may include store associates or stores which accepts these small gift certificates delivered straight to your doorstep. These might include a cash back gift certificate at your door after receiving your card but you’ll be able to use it to buy some food or gift vouchers. You can’t use a card, they tell you. You can probably print out their flyer or put it somewhere safe and secure.
If you’re willing to provide the credit card companies with a copy of your credit report and credit check, then they report you to the credit bureaus as accurate as possible. These are the bureaus, which is to say the bureaus who ensure that your report gets accurate copies of your credit history before you apply for credit.
Other forms of reward credit card loyalty schemes can be found in the small print of your credit card profile or in a letter you write to the credit card company. Normally everything in your credit report indicates whether or not you must get credit in order to advance the dream job that is your financial plan. In fact some of the big name credit card suppliers to offer loyalty schemes use these imprint logos to add features to credit cards that may seem off putting to you.
Rewards credit cards are found in the back of your flyer or letter to encourage you to sign up so you can get the best terms and offer. The rewards are in terms of free flights (say, air miles or points), discounts at restaurants or shops close by, points that can be transferred to airline miles, points that can be re-calculated and converted to travel miles or gift vouchers. How well you do in the air miles promotion you are offered will depend on the brand of reward credit card but the most important consideration is the minimum number of flights you have availed. Meaning if you fly 3 times your limit then you can get free air miles (again) in exchange for flying with a partner who regularly flies.
The airline miles reward credit cards have been developed, for us, to prevent abuse by people who do not intend to use their credit in good faith. To get free flights to their destinations we require to apply for the scheme we are flying with. As we use our airline miles loyalty cards or equivalent frequently used credit cards, we’ve increased our air miles rewards by a third or more. Our reward cards are the places to go to get free air miles.
A reward card is the credit card that can be used for the purchase on one of the major credit card issuers; for example a big air miles credit card can get free flights to many flights of miles offered by several major airlines including United Airlines, Royal Jordanian Airlines, Etihad Airways, etc. The points, air miles and redemption of unused points, are normally given as reward for using your airline miles credit card at their designated outlets.
There are many other credit card loyalty schemes which allow cardholders to accumulate air miles towards any airline that they fly on if they apply, or the choice of which airline they would choose if they were flying at other airlines. The points or air miles may be given freely by the cardholders in any one free year for the year. The airlines are then given a choice whether to use their rewards to get free flights or be issued a credit card which can automatically earn free air miles. All the best they’ve got their choice and they’ve got the money to fly better and better for their friends.
To avoid any surprises where with the credit card loyalty scheme you get to know about the rewards, you may see offers for bonus air miles as a plus, an annual fee, membership fees, lost baggage fees and even additional charges for accidentally missing the usual offer period. As we said earlier, the cards can be used in conjuncture, to get great rewards as if you were on vacation and before you know when, for free air miles on any of the major airlines. Such air miles credit cards can add up, especially to holders who do not hesitate to buy all these tickets. Some credit card loyalty schemes allow up to 25,000 bonus points or air miles for free flights.
If you are one of those holders among those who have been tempted to buy plane tickets that they might not have thought of if they had not paid their air miles credit card. The rewards are great and they can save you many trips by getting you a free ticket.