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*View Discover® Card Rates, Fees, Rewards and Other Important Information.
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DID YOU KNOW?

	Airline credit cards have steadily been gaining popularity in the past few years. Airlines and other companies related to the travel industry benefit as customers utilize their services more frequently; brand loyalty is strengthened as well. Consumers with a good credit history gain by obtaining greater value from their credit cards. Fundamentally, airline credit cards operate in a similar manner; purchases charged to the credit card earn travel points for the card holder, these points can be redeemed in various ways, for example contributing toward free travel, hotel stays, service at a car wash, etc. Four key features to consider while selecting an airline credit card are given below. Low Interest Rate: The cost of credit is measured in terms of the annual percentage rate (APR). A good credit profile helps to obtain a low APR, i.e. prime + 4%. Most credit cards offer a “variable rate” plan in which the APR changes with certain economic indicators. The interest rates vary with the cards and are influenced by other offerings such as the grace period, annual fee, bonus points, etc. A card holder who does not carry a monthly balance need not really worry about interest rates; however, people who do carry their balances forward can select from a number of airline credit cards that charge a low interest rate. Some cards offer an introductory rate of 0% interest on balance transfers over a period of time, which is typically 12 months. Preset spending limit: The spending limit in airline credit cards can vary from a few hundred dollars to thousands of dollars. The minimum monthly payment is liable to increase with higher spending limits. Some cards allow users to spend over the credit limit, the amount over the limit and the resulting penalty are settled in the subsequent month’s payment. Credit card bills can quickly balloon to unmanageable proportions. Therefore, inveterate spenders are well-advised to carefully consider the preset spending limit before settling on an airline credit card. Compatibility with other frequent-flyer programs: It is important to check whether an airline credit card offers this feature; portability of miles points is desirable as it allows one the freedom to use the services of more than one airline for redeeming the points. By not being tied down to one airline, users have an increased number of destinations to choose from. Bank-sponsored airline credit cards offer greater compatibility with other frequent-flyer programs as compared to airline-sponsored credit cards that usually focus on a single airline. Annual fees: There are several airline credit cards that do not charge an annual fee. Non-airline credit cards that allow users to accumulate miles are usually fee-free. The purpose behind fees is to try and defray the costs of the free miles and other freebies. The average annual fee for airline credit cards is around $ 70. Frequent fliers stand to gain more by using cards that charge a fee because with these cards the airline miles benefits are more as compared to cards that are free. Moreover, if the card is used for business-related travel, the annual fee can also be tax deductible.

With credit card fraud and identity theft on the rise, it is important for you to keep your credit information safe. Individuals who prey on unsuspecting consumers have cunning techniques for getting your personal information. In fact, their techniques are so subtle that you may even volunteer this information. Here are a few tips to help you keep your credit report safe.

Who Has Access to Credit Report Information?

Several people may have access to your credit report. Aside from creditors and lending institutions, landlords, employers, and insurance agencies may also review your credit report. In most cases, these businesses need your written consent before obtaining a copy of your credit report. Current creditors may periodically review your credit report without permission. Furthermore, credit card companies that offer pre-approval credit offers have access to your credit score.

Is Your Personal Credit Report Private?

In order for someone to check your credit, they must have a legitimate reason. Access to credit reports is generally restricted to businesses. These include retail stores that offer credit, insurance agencies, etc.

Although several software programs advertise background checks, which may include credit report information about someone, these are illegal. If a person obtains a copy of your credit report for unnecessary purposes, this will result in a sizeable fine and up to one year in prison.

Safeguard Your Credit Report and Score

Credit report errors are common, and usually minor. However, if you are a victim of identity theft, you may have several credit report errors. These may include new credit accounts with huge balances and outstanding balances on unauthorized accounts.

It is important for you to review your personal credit report annually. If possible, obtain a copy every six months. This way, if a person gains access to your personal information and begins opening new credit accounts, you will detect the problem sooner.

Always shred credit card statements and pre-approval offers. Both documents include your name, address, and account information. Thus, if these were to get into the wrong hands, a thief could make purchases with your credit card and open new accounts. Moreover, do not give your credit card number over the telephone, unless you initiated the phone call.