Comments on: Emigrant Direct Improves Their Reward Credit Card

By: Guest

Guest — Wed, 29 Mar 2006 20:33:46 +0000

IMHO, air miles are the worst credit card deal out there and here are the reasons why:

1. Hidden inflation – each year, depending on the airlines, the number of miles needed seem to go up. Last year 20,000 this year 25,000 next year 30,000, etc

2. Dreaded blackouts – What’s the point of miles if you can’t use them during the holidays?

3. Bankruptcy – Most airlines are near bankruptcy – what’s going to happen to all those miles after bankruptcy?

4. Liquidity – Let’s face it, cash is king and that can buy ANYTHING – why stick to miles that can be used for only one thing?

By: nickel

nickel — Wed, 29 Mar 2006 14:03:51 +0000

I guess my best advice would be to do the math. You usually get 1 mile per dollar spent. For domestic tickets, which I typically value at around $250 (give or take), and which usually require 25,000 miles, this would work out to a penny per mile, or a reward of 1%. Keep in mind that some mileage cards have an annual fee, but also keep in mind that Emigrant requires you to maintain a six month average daily balance of $10k to get the full reward. Finally, you have to decide if cash money is more valuable to you than are miles… If you’re definitely going to use the miles, then it’s probably as good as cash. If not, then you might want to adjust the value of the miles downward (at least in your head).

By: Making Our Way

Making Our Way — Wed, 29 Mar 2006 07:27:20 +0000

five cent,
I’m wondering if it makes sense to wtich from my mileage credit card to the emigrant.
Which is a better deal? an international ticket each year or 1.4%?
Regards,
Making Our Way

By: Nick

Nick — Mon, 27 Mar 2006 20:16:38 +0000

Until Emigrant Direct emerges again as the clear savings rate leader, I won’t even think about applying for this card. All the banks locked in this big Savings Rate War need to stop shooting at each other with cap guns and start using bazookas instead.