Rate Tarts Create Different Credit Card Deals

With the rate tarts seemingly putting an end to the 0% balance transfer deals, as the banks try to reel in the monster that they, in all intense and purpose created by themselves, has not stopped the high level of speed in which the credit card companies are trying to get customers on to their books.

They know that if they take away the one thing, which many people had seen as a way of getting back some of the money that they had been filling the pockets of the credit card lenders for years, that they would have to offer up different perks in which to entice any potential credit card customers, to take the leap to one of they’re cards.

These perks can be anything from Air miles to points for vouchers, that work in the same way as your supermarket points schemes, to money back.

Air miles and cash back, do seem to be a popular choices among most of the credit card market, with Air miles though there can be the need to spend a hell of a lot of money on your credit card, to even start to think of using them for a free flight. For example if you decided that you would like a nice romantic trip across to Paris, this can cost you of upwards of £4000 depending on which credit card you have, this figure is what you would need to spend on your credit card with the Buy and Fly card with Morgan Stanley, though you could be looking at a credit card bill of up to £20,000 if you own a Citi A-Advantage visa card.

The rest of the credit card companies who offer this perk, will be planted somewhere in between these figures, with the Royal Bank of Scotland platinum visa, having you spending in the region of £9,000, for the same flight.

Having already mentioned the Morgan Stanley Buy and Fly MasterCard, you may have to look at the small print to see that you have to use the Air Miles that you collected every couple of years, which could mean that if you have not reached the target amount to actually spend the Air Miles, you will automatically have to forfeit them and you are left with nothing.

The only real reason that you should go for an Air mile credit card is if you are a frequent flier, otherwise a cash back credit card would probably be better suited to your needs. But if you are in the air a lot, then plumping for the British Airways Amex card or a Citi A-Advantage card will give you a better deal all round, as both of these cards give you a mile for every pound spent.