Compare Frequent Flyer Credit Cards

How to compare frequent flyer credit cards

Frequent Flyer credit cards are rewards cards that focus on travel. If you travel regularly for business or pleasure, then this type of card could provide a great way to earn points to exchange for flights or other rewards. Depending on the card you choose, points can usually be earned on everyday purchases as well as on travel-related ones.

There may be a tiered points earning system in place, where you will earn different amounts of points for different purchases with different retailers. To make the most of this type of card, it's best to choose one that rewards you for the purchases you make the most.

Each card will offer rewards with certain airlines and their partners. Choose a card that will give you the frequent flyer points that will benefit you most. It's also important to make sure that your points are accessible and can be easily redeemed for the rewards you want.

This card will be most beneficial to those who use their card frequently. The more you use the card, the more points you can earn. So, if you hardly ever use the card, you will find it difficult to earn points. And due to the fact that Frequent Flyer cards can charge higher annual fees, you may end up paying more in fees than you get back in rewards.

Be sure to compare the following features to make sure you get the best Frequent Flyer card for you.

Rewards:

Find out exactly what rewards are on offer, how many points you need to claim a reward and make sure they are the rewards you will want. I.e. Qantas flyer points are only valid for use on their own services and partner airlines.

Point to Dollar Value:

First, find out how many points you will earn for each dollar you spend, and then find out what each point equates to. Be sure to choose a card that not only offers sufficient points for your spending, but also gives back sufficient rewards when the points are redeemed.

Points Capping and Expiry:

If you are a slow earner, try to choose a card that has no points expiry, or you may find your points disappear after a certain time. If you are a big spender, find a card that has no points capping so you can earn as much as you want.

Other Features and Benefits:

Some Frequent Flyer cards offer extras such as complimentary insurances and VIP lounge access. If this is important to you, find a card that offers these extras, but make sure you are not losing out by paying too much in annual fees.

Annual Fees and Interest:

Some credit cards with more features can charge higher interest rates and annual fees. Make sure that you get more back than you are paying out.