Traveling by air can prove to be a very expensive endeavor, yet it has become essential for many of us to see family, enjoy a vacation or even to relocate to a part of the world. But if your budget doesn’t have any room in it for another extra expense, there’s another way you could book your flight without having to take out a signature installment loan online to cover the cost. Introducing, the airline credit card! Now, you may hear financial advisors say that opening new credit cards is a bad idea when you’re operating on a budget, but that’s not true in all circumstances.
Some credit cards, when used in the proper way, can be a huge financial help with the rewards they offer. Airline credit cards reward cardholders with air miles for every dollar spent, even if it’s just on your normal everyday purchases. By using your airline credit card to pay for your regular monthly expenses and then paying off your balance each month, you can accumulate all the air miles you need to travel for free or at a greatly reduced cost. Here are a few top-rated airline credit cards that could help you spread your wings and fly in 2020.
United offers its MileagePlus Explorer Card through Chase Bank, which rewards cardholders with 2 miles for every dollar spent on United airline tickets and 1 mile per dollar spent on everything else. The card also comes with a sign-up bonus of 40,000 extra miles after you spend $2,000 on purchases in the first 3 months your account is open.
Delta offers its Gold SkyMiles card through American Express, and just like United’s MileagePlus card, this credit card offers 2 miles for every dollar spent on Delta approved purchases and 1 mile per dollar spent on other eligible purchases. But unlike United, this card comes with a sign-up bonus of 30,000 miles after $1,000 spent on purchases in the first 3 months of opening the account.
With Citi Bank’s AAdvantage Platinum Select World Elite Card, you could take advantage of 60,000 bonus miles after spending $3,000 within the first 3 months of opening your account. You can also earn 2 miles for every dollar spent with American Airlines, gas stations and restaurants, as well as 1 mile per dollar spent on other purchases.
With Southwest Airlines’ Rapid Rewards Card, you earn 40,000 miles after spending only $1,000 in the first 3 months of opening. Then, it’s 2 miles per dollar spent on Southwest purchases and 1 mile per dollar spent on all other purchases.
Of course, there are many benefits and certain drawbacks to each of these airline credit cards, so it is essential to do your own research and see which one of these cards best fits your particular travel needs. Keep in mind that as long as you play your airline cards right, they can benefit you tremendously while allowing you to travel affordability without breaking your budget.