Not exact matches
Generally, older and established frequent -
flier programs fare worse than newer ones at low -
cost carriers.
Frequent
flier cards evolve, become trickier; tips to maximize rewards — For consumers willing to weigh the
costs and advantages of so many different reward
programs, the changes can be a real boon.
THe
cost of their frequent
flier program is a function (a percentage) of their overall revenue, and as long as they increase prices to compensate for the higher prices, they shouldn't have to devalue the value of the miles.
If the airfare
costs thousands of dollars, you may get a better value utilizing your airline frequent
flier miles or transferring points from other credit card
programs.
It's an important question, because although the total amount of money we're talking about is probably small, it is a potential
cost of participating in frequent
flier programs and can erode at least some of the value of joining those
programs.
They differ in that the airline - specific cards provide more avenues for earning miles, with special incentives often given for charging the
cost of hotel and rental car companies with whom the airlines has included in its frequent
flier loyalty
program.
While most other types of credit cards, even rewards and cash back credit cards, do not have an annual fee, the
cost of airline frequent
flier programs is such that an annual fee must be charged for it to be profitable for the credit card issuing bank.
For instance, buying an annual membership to United Clubs
costs $ 500 a year (although members of the airline's elite
flier programs can buy it for as little as $ 400).
That means a $ 250 ticket from Chicago to Boston would
cost you 25,000 miles, right on par with the best deal available through a frequent
flier program.