If you are one of those who pay off their balance every month, then a mileage card can be your friend. On the other hand, it can be your enemy. If used correctly, a mileage card can be an asset to the flyer, as long as the game is played right. There can be money loss if you do the math and look closely. Racking up those miles just might not be worth it.
Mileage cards can take the miles earned and turn them into hotel stays or meals, many options are available. Who wouldn’t want to go shopping with the thought that the Caribbean cruise is that much closer because of your purchases. Then again, the interest rates on these cards are higher and if you carry a balance each month, this is not as good as you think.
There can also be black out dates and major holidays are usually part of that black out. There are also limits as to how many miles you can collect in one year. Do your homework to discover if the benefits outweigh the cost and then you will know if this type of card is right for you.