A month before American Airlines is set to join the likes of rivals United and Delta by rewarding AAdvantage loyalty members with miles based on how much they pay for their ticket, the carrier made additional changes to the way passengers rack up miles when flying with partner airlines. [More]
Even though it’s become increasingly easy to amass rewards travel points on most major airlines, it’s not only gotten more difficult to cash in those points for free tickets, those “free” tickets could end up costing you hundreds in taxes and fuel surcharges.
One way to build up frequent flyer miles quickly is to apply for several of the credit cards that give bonus miles for signing up. You buy stuff you were going to buy anyway and meet the minimum spend requirement, get the miles and move on. But then a while later you notice that the same credit card is offering even more miles for newer applicants. Curses! Instead of despairing, though, The Frugal Travel Guy Rick Ingersoll says you should call the credit card company and ask them to increase the bonus miles they gave you to the new level.
Merchants are pushing for more credit card fee reform, for the fees they have to pay. Every time you swipe at checkout, whether it’s a credit or debit card, the merchant has to pay two fees. One is a flat per transaction fee, the other is a percentage of the total sale, called the interchange fee. Those rewards cards you’re so fond of? They have the higest interchange fees. Those rewards and cashbacks don’t come from a magical reward tree, they’re paid for by the interchange fees. In other words, the Quickie Mart is paying for your “free” airline miles.