Airline frequent flyer rewards credit cards are some of the best credit cards available for consumers who travel frequently but they don’t suit every credit card user, by any means. It is so important for the credit card consumer to undertake a credit card comparison and consider carefully they way they use their credit card in order to work out which type of card will suit their needs.
Today we are looking at rewards credit cards: specifically frequent flyer credit cards offered by airlines. There are a number of factors for a credit card user to consider before taking a rewards credit card. The first seems obvious, but should be asked, and that is whether the card user is likely to be a frequent flyer. If they are not then the main rewards from the credit cards are not likely to be much use and a more general rewards credit card like the ANZ Balance may be more suitable.
Airline credit cards tend to be offered by airlines to their frequent travellers or people who may become frequent travellers and they are designed to increase brand loyalty from people who fly frequently. Many frequent flyers will use the cheapest or most convenient airline, and airlines want to convert these people to the simplicity of using a single airline. While airline credit cards are branded with the airline’s brand and tend to be offered through their marketing channels, they are usually run by a third party bank such as GE Money. They will also be processed by a large credit card processor, usually VISA or MasterCard but sometimes American Express.
The airline credit cards tend to be aimed at more affluent card users and these may or may not be offered as instant approval credit cards for consumers preferring an online application.
Typically, frequent flyer credit cards offered by airlines will have a higher annual fee than the average credit card but they will also offer insurance on the goods that are bought with the credit card. They will generally offer good foreign transaction policies (perhaps low fees) as these are assets to the frequent traveller consumer and this is who the credit cards are geared toward.
Gold and platinum frequent flyer credits cards offered by airlines are also becoming more common. There are also some credit cards that will alloow merging of an existing frequent flyer account into the credit card account, so that any tickets that are purchased with the credit card are entered onto the frequent flyer program.
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