Getting an airline credit card is easy and offers many benefits, but first, you need to get approved for one. Once you have the card, make purchases and collect miles. You can redeem these miles as a statement credit or use them toward airfare. Read on to learn more about earning miles from your credit card. There are many credit card companies, so it’s important to know which one is best for you. Listed below are some tips on how to earn miles from credit cards.
When comparing the value of credit card rewards, cash back can be a better option than airline miles. Chase Sapphire Preferred cards with miles can provide more value when you redeem them for travel rewards, cash back cards often reward you for spending money rather than air miles. This feature may be especially valuable for frequent travelers who want to enjoy the benefits of airport lounge access or priority boarding. But for those who rarely fly, cash back is a better choice.
Sign-up bonuses can accelerate airline mile earning
Most credit cards offer some type of accelerated miles program. These are the ones where you earn miles on a few selected transactions. To maximize your mileage earning potential, you should understand these transactions. Most airline credit cards also provide free access to airport lounges, which you can avail if you use the card for the privilege. Depending on the credit card, you may be able to gain access to these lounges in a number of airports in India and abroad. Many airline credit cards also grant fuel surcharge waivers.
Transferring points to miles
You may be interested in transferring points to miles from your credit card to fly on a different airline. Often, frequent travelers have points spread across several different frequent flyer programs. Generally, points cannot be transferred to another frequent flyer program, but you can transfer the points to a partner program so you can book a variety of flights to different destinations. Listed below are some of the most popular airline partner programs, and how to transfer points.
The most important thing to keep in mind when transferring points to miles are the transfer ratio. Credit card transfer partners differ in the number of points they are willing to accept. For example, American Express offers a 200-JetBlue point transfer for every 250 Membership Rewards points earned. Capital One is even more generous with its transfer ratio of 500 TrueBlue points to every 1,000 Capital One miles earned. Keep in mind, however, that low transfer ratios are not worth it unless you are looking for exceptional airline award flight deals.
Redeeming miles as a statement credit
Redeeming miles as statement credits from a credit card can help you get more of what you spend, especially if you don’t have a lot of miles. Many credit card issuers offer this benefit and some may only allow statement credits to be used in specific categories, while others can be used for any purchases. One example is the American Express Blue Cash Preferred(r) Card, which offers $300 as a statement credit after you charge at least $300 to your account.
You can use the points value calculator to find out how much your points are worth. Amex offers one for each reward card, and all you have to do is select your card and enter the number of points you wish to redeem. However, not all credit card issuers provide this calculator, so you’ll have to use your own math. If you want to use your points for something more valuable, you can try redeeming them for other things, such as merchandise, cash, or gift cards.