How to Apply for an Air miles Credit Card in Canada?
Having and properly managing a credit card offers benefits, including building and increasing your credit score. A credit card is issued by banks or by merchant or consumer stores and it allows the cardholder to buy goods and services on credit at a certain interest rate, with limits to the amounts and time period.
There are many types of credit cards, including cash backs and rewards, zero percent introductory and low rates, air miles and travel rewards and guaranteed credit cards. One popular credit card plan is the airline credit card, which allows you to acquire miles upon using your credit card to purchase goods and services.
When you apply for an airline credit card, you may use one of three methods, namely online, on the phone or filling out a paper application. However, before you apply for a credit card it is important to get information regarding the terms and conditions, rates and type of airline credit card plans available.
To apply for a Canadian airmiles credit card, here are some things you should consider:
aDecide on the application method; online applications are usually faster, easier and preferred and you can compare different cards and apply for more than one card.
aCompare the offers, including the APR, annual fee, balance transfer type and fees and credit rating required.
aMost airline credit cards charge an annual fee so you should check to see if one is required.
aCheck to see the purchases, which will qualify you to earn miles, as some balance transfers and cash advances, may not qualify.
aIf you are already a member of a frequent flier club and have accumulated miles, you should remain loyal, as you may be able to transfer your miles to a new card.
aSome airline credit cards such as CIBC Aero Classic Visa Card and BMO Gold Air Miles MasterCard may offer welcome bonuses in the form of miles for first time use of the card.
aRead the terms and conditions and the fine print for information on restrictions on miles you may earn prior to applying and blackout dates.
aCheck to see the preconditions required for applying such as frequent flyer account number, social security number and annual gross income.
aIf you decide to apply online, use the website of your favourite airline where you will find a link to the credit cards, which are associated with their frequent flyer program.
While there are many international airline credit cards available, some Canadian airline credit cards are issued by CIBC and include Aero Classic Visa Card, Aerogold Visa Card and Aventura Infinite Visa Card. There is also the BMO (Bank of Montreal) Gold Air Miles MasterCard and BMO SPC Air Miles MasterCard.
Disclaimer: This article is provided for educational and informational purposes only and should not be considered a substitute for professional and/or financial advice. The information found in this article is provided "AS IS", and all warranties, express or implied, are disclaimed by the author.
