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Author: ScottWitherell One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308474  
Subject: Are frequent flyer miles worth it? Date: 4/9/1998 3:38 PM
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I'm trying to decide whether to pick up one of the frequent flyer credit cards, and was curious what everybody thought. Does it make sense?

Here's my situation. I have only one credit card, a Visa classic at 11.9%, through my credit union. I use the Visa all the time, for basically everything I purchase other than rent. This usually runs about $1500-$2000/month (remember this is almost all of my expenses). The nice thing is that I have an automatic payment setup with the credit union which pays off the balance in full every month. So I have zero debt currently.

Since I charge so much, I figure I should be able to make effective use of one of the frequent flyer cards, or cash back cards, or something. But losing the convenience of the automatic payment would be a problem for me. I also don't want to be locked into one carrier, since I generally fly whoever is cheapest. So it might not be worth it.

What do you think?

Thanks.

Scott
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