Monthly Archives

Monthly Archives for September 2004.

Bad Credit Card Advice from Frommers

A new article up at Frommer’s discusses no-fee mileage earning credit cards.Most airline credit cards come with an annual fee and earn one mile per dollar. Some airlines offer a no fee card that earns one mile for every two dollars spent. So it should be basic math – is the value of those extra miles worth more than the annual fee? That’s what this article discusses.However, it gets several facts wrong. [T]he airlines charged the consumer from $45 to $65 per year to use these cards. Umm, no, the banks charge the fee. The fee does not go to the airline marketing partner. Now for the all-important question, are the no-fee credit cards worth it? Depends on how much you fly. Typically, a holder of an annual fee airline frequent flyer awards-based credit card…

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