Using Your Credit Card Rewards To Fly For Free

If you own a travel reward credit card or plan to apply for one

, this article presents smart strategies that you can do to make the most out of your credit card. Make sure that none of your points go to waste and that you will be able to redeem your free flight on time:

Understand the program. Different credit cards have varying rules and reward programs. In order to get truly rewarded, a cardholder needs to submit by the rules. For example, some airline miles reward credit cards award bonuses after reaching a certain amount of purchase. If you plan to make a large purchase, dont forget to use your airline rewards credit card so you can instantly rack up more points.

Watch out for the restrictions. All reward credit cards usually impose limits. Is your credit card sponsored by an airline? If yes, then your options may be limited when it comes to redeeming your free flight. During peak seasons, you may have to wait for an available seat since you are not allowed to claim your free flight from other airlines. In addition, some airline miles reward credit cards impose blackout dates which means your hard-earned points may go to waste if you fail to redeem your reward within the specified time frame.

Use your credit card as much as you can. Of course, you can only get points if you use your credit card frequently. One smart strategy that you can do is to charge your monthly utility bills (telephone, cable, internet, electricity, etc ) to your travel rewards card. By doing so, you can collect reward points every month without necessarily buying more things that you dont need. However, you need to make sure that you will pay off your monthly charges in full to avoid high interest rate charges.

Enjoy your special privileges. Being a travel reward credit card holder entitles you to perks and privileges exclusively offered by your credit card issuer. See to it that you are making use of these privileges. For instance, you may be eligible for a free travel insurance and free car rental insurance when youre out on trips. At the airport, airline miles reward cardholders usually have a special lounge area when they can get free drinks, snacks, and souvenirs. Generally, travel reward credit cardholders can enjoy bigger discounts from shops and establishments that are affiliated with their credit card.

Do not pay the interest rate. While the rewards are generous, you need to watch out your spending. Most reward credit cards have higher interest rates than their non-rewards counterparts. To save your money, make sure that you do not pay additional interest rate charges by paying your full balance on time. If you have trouble remembering due dates, you may consider setting up automatic payment to your credit card through your bank account. Doing so not only enables you to save money by not paying interest rates, it also reduces the risk of having bad credit.

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by: Ashley Jane Summers

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