Airline credit cards are getting a very smart makeover
INTERNATIONAL – For more than two decades, airline credit cards offered consumers a simple formula: Spend a dollar, earn a mile, pay an annual fee, repeat.
If you played the game correctly, you’d score at least a free ticket each year—just by making everyday purchases.
The only issue? As powerful rewards cards such as the Platinum Card from American Express and Chase Sapphire Reserve began offering bigger perks and faster redemptions, airlines and their credit-card issuers got left in the dust. Add devalued frequent-flier programs—which began prioritizing dollars spent, rather than miles flown—and it’s easy to see why airline-sponsored plastic lost its luster.
Source: iol.co.za
