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Im in the process of trying to quantify the credit card portion of airline programs: how many (and what percent of) program members have mileage cards; how often are those cards used; and how much is charged to them annually?
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Recognized by Charity Navigator and Forbes for its efficiency, Direct Relief equips health professionals in the.S.Guess which card Im on the verge of canceling?Airline miles are a hassle to redeem; the rebate is hassle-free.Since that group also has a higher-than-average number of credit cards6.6 per personit follows that they are paying high interest rates on significant outstanding balances.But if my own behavior is any indication, that performance is about to take a turn for the worse.Now you are helping others, just by visiting wikiHow.A key driver of the evolution of frequent flyer programs into frequent buyer programs has been the use of program-affiliated credit cards, which allow cardholders to earn free trips by charging purchases of, well, anything that can be charged.Returning to the subject of mileage cards, Im personally down to two cardsone awards airline miles, the other generates a cash rebate deposited into a mutual fund account.I did come upon some related stats today on the Experian website that shine some light into the otherwise murky area of credit card use, albeit not mileage cards specifically.Click below to let us know you read this article, and wikiHow will donate to Direct Relief on your behalf.We know that credit card use is the second largest source of miles, after flights.First, the big number: on average, each.S.How are those numbers changing over time?The airline card has a hefty annual fee; the rebate card is fee-free.I mean, is there an upper limit of the cards we can get per day?
Used responsibly, credit cards are a nifty convenience.