Comments on: Why Reward Credit Cards Might Be Costing You More Than Bonus Miles Are Worth

By: Eliza Snow

Eliza Snow — Wed, 28 May 2014 20:46:53 +0000

Thanks for the great reminders that these credit cards (not just airline ones, but hotel, gas, and other rewards cards) can definitely end up costing more than we think if we’re not careful. But if you’re disciplined in using them only to purchase what you would have bought anyway, and mindfully pay them off each month, you can really benefit from some amazing cost-saving rewards. (It’s the only way we could ever afford to fly business or first class!)

By: Ken Myers

Ken Myers — Wed, 21 May 2014 15:00:57 +0000

In reply to Stephen. Hello Stephen, You are right. It is more about credit management then miles earned, but many of us get caught up in the hype and forget how credit cards make their money. Thanks for your comment!

By: Anil Polat

Anil Polat — Tue, 20 May 2014 16:17:25 +0000

In reply to Stephen.

Yes, but it’s an easy trap many fall into – and if they didn’t, credit cards wouldn’t be the massive industry they are. Sometimes a good example with figures can help emphasize why you should follow even seemingly obvious advice, what I hope this post does.

Glad you like the gif btw, one of my favorite finds 🙂

By: Stephen

Stephen — Tue, 20 May 2014 11:06:03 +0000

Isn’t it a pretty general consensus that you shouldn’t be playing the credit card side of the mileage game if you can’t pay down the balance every month, and that you shouldn’t be changing your spending patterns just for the sake of the mileage earned? I feel like this addresses bad credit management more than specifically mileage-earning products. That gif is great, though!