Some time ago bank cards stopped to be used only for saving and spending purposes. Today banks offer more advanced card options. They enable a client not only to spend but also to cumulate different bonuses. That means a person gets return on his investment, but not obligatory in financial form. Very often such plastics are issued even free of charge. Often there is no interest rate to be paid.
One of the best products to cumulate are miles. For people who like to travel this service is very advantageous. Travel credit cards particularly offer great miles rewards to their clients.
Choose The Best Card To Collect Miles
When you choose a credit card, you will certainly be provided certain conditions and bonuses the plastic offers. Learn this information in detail.
If you travel a lot pay particular attention to miles collection. When paying by plastic, you will be given points for each purchase. These points will be later converted into miles. If you collect enough of them, you can buy your airline ticket for free or at least get a considerable discount.
Here are the cards that propose the most attractive miles rewards programs:
- Chase Sapphire Preferred. First of all, it offers a good sign-up bonus. It equals 50 000 points or 725 dollars in currency value. That is already a very pleasant gift from Chase. Moreover, you can earn up to 14 400 points each year. The only minus of this card is 95 dollars annual fee.
- Starwood Preferred Guest Credit Card issued by American Express is another fine option for a travel card. Welcome bonus equals to 523 US dollars or 25 000 point. You can collect as much as 48 000 points. That will approximately equal to 1000 dollars.
- Capital One Venture Rewards Credit Card is another option. You will get up to 500 dollars welcome bonus. General reward value you get at the end of the year is 960 dollars. This plastic has annual fee of 85 dollars. It is not the worst offer, but you can get a better deal if you really need that option.
How Banks Calculate Your Miles
When you are given to choose the best offer, it is important to pay attention what financial equivalent the bank developed for 1 point. In other words, do not look at number of points, rather assess the value of each point, and the method used to accumulate and count these points.
Miles reward cards are certainly very attractive banking products. Any person who lives in a globalized world should possess one. It is fine way to enjoy the world even more.