22/11/2022
THE PROS & CONS OF USING AN AIR MILES CREDIT CARD!
Benefits :)
*Redeem free flights: The primary benefit would be the ability to redeem flights with your air miles. You can opt to pay for the entire flight fee with your miles, or you can pay with a part redemption part cash option as well.
*Upgrade your seat to Business class or First class: It’s a privilege few of us get to enjoy, and if we’re lucky, the airline will decide to upgrade your seat upon check-in. The price difference between an Economy Class ticket and anything above it is extremely high, at times, it doesn’t seem worth it. A great option is to buy your flight ticket with money and then use your air miles to upgrade your seat! It’s one of the best value-added perks you can get out of your miles and is especially useful for those long-haul flights.
*Discounts on hotel bookings: Being a credit card that is linked to travel, it makes sense for it to offer discounts and privileges on hotel and dining. The Maybank 2 Cards Premier offers up to a 50% discount on dining at Shangri-La Hotel in Kuala Lumpur or a 50% discount at SPG Hotels & Resorts.
Downsides :(
*Your air miles expire: Most airlines give a span of 3 years, which is a healthy amount of time to spend and collect air miles for a big-ticket flight. But if you’re forgetful or have lost track of time, you stand to lose all those air miles and could never get it back. You snooze, you lose!
*You still have to pay any surcharge fees or airport taxes: Airports and the government still need to make money. An air miles credit card can help offset the cost of a flight ticket or excess baggage, but you will still need to pay your airport taxes and any surcharges.
*The added fees including annual fees and foreign transaction fees: Most air miles credit cards come with an annual fee and foreign transaction fee with an average of a 15% interest rate. A foreign transaction fee is a fee charged by the bank or credit card issuers on every transaction that is made outside of the card issuer’s country of origin. The fee differs for every card depending on the bank or card issuer, however, can be as low as 1%. This is how the bank pays for the higher points they so generously grant you when you spend overseas.