Airline miles are worthless if they expire or if you hit an earning cap. When we think of frequent flyer mile credit cards we often imagine a constantly revolving number wheel that simply racks up mile after mile far faster than the odometer in your SUV or minivan. We don’t usually think that there will be limits placed on how much we earn. But it might be coming soon. You need to know airline miles secrets.
As of the final months of 2014 few airline frequent flyer mile credit cards had caps on how many miles you can earn. Delta Airlines, for example, offers a variety of different credit cards, each through American Express. What differs about them? They each have a different annual fee, earn miles at different rates and include various bonuses. But none of them list, as of late 2014, a cap on how many miles you can earn. The only restrictions are:
While few airlines have caps now, according to some sources times are changing and airline miles redemption facts are changing as well. In Australia, for example, it is becoming more and more common for airlines to have caps on how many miles you can earn. For example, the Qantas Airline credit card only provides frequent flyer miles for the first $2,000 spent each month – anything above this and you won’t earn any miles.
If you figure you don’t need to worry because you don’t live in Australia and visiting there is a far off dream then think again. Qantas says they are simply following suit as other airlines begin to impose similar caps. How long before such policies start to hop the pond and impact how many miles you can earn? We don’t know, but you can bet that the airlines won’t be advertising these new policies very loudly. So are airline miles are worthless? Of course not. You just need to know the facts.
With airline mileage points, as with many things in your financial world, it is important that you be informed which usually means reading the fine-print and asking questions. Be sure to look over your airline mile card information for anything about limits on what you can earn, for restrictions on bonus points and so forth. If you still aren’t sure or do not understand what you read then give the company a call (or see if they have an online chat customer service center) and ask what their caps and other policies are.
Advertiser Disclosure: The credit card offers that appear on CreditCardIdeas.com are from credit card companies from which this site receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers.
Editorial Disclosure: The editorial content on CreditCardIdeas.com is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.