No. of Recommendations: 0
<<That's a good point, but I actually DO pay off my balance every month. Really! I don't charge anything unless I have the cash to pay it, and since rent is a necessary expense, one that I have to pay anyway no matter what, running it through the card and then paying the VISA bill on time would give me airmiles. There's no way I'd do this if I thought I'd be stuck paying minumum balances from month to month. The only thing I'm really concerned about is whether I'll accumulate enough miles to make the %55 an
nual fee worthwhile.>>

I think that if you have the discipline to pay your card off every month then the perk is good. The justification of the $55.00 is dependant on the number of dollars you charge per year. I believe that airlines use the 25,000 mile mark for free trips. That would mean that you would have to charge $25,000 to make it worth your while. Also, you need to look at the time period the airlines let you not use your miles before losing them.

One alternative I might suggest is getting a card that gives you the air miles without charging you the 55.00. I think citibank does it.

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