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This article is from the Credit cards and Consumer Credit FAQ, by adams@spss.com (Steve Adams) with numerous contributions by others.

214. I was mailed a solicitation for a Visa or MasterCard that accrues frequent-flyer miles on my purchases. Is this a good thing?

It may or may not be. Does the airline fly to places you really
want to go? How many dollars must you charge to earn a free ticket?
Is the airline likely to be around by then? Are you likely to spend
more than you otherwise would, just to accumulate the miles?

Ask yourself questions like these, in addition to all the others
mentioned in this section.

 

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• prev: 213. Is a gold credit card worth the higher annual fee?
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• next: 215. I belong to the Benevolent Order of Mumble, and they mailed me a credit-card solicitation. It would be a MasterCard with their logo on it. Is this a good deal?

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finance, debit card, credit card, secured card, guaranteed card, unsecured card, consumer credit, bad credit, credit report