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Credit Card Applications » News » Other » Credit Card Fees

Credit Card Fees

October 25, 2007
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Choosing Between a No Annual Fee Credit Card Application and Double Miles

Business people know from experience how essential one urgent trip may be for the success of their affairs. So, to reach their travel goals faster, they choose airlines which are also safe and convenient. If you were a business, you most probably would strive for making the most profit out every enterprise. That's why you would no doubt look through a range of credit card applications with miles rewards to reduce the cost of frequent flights which are part of your business.

Yes, credit cards with frequent flyer rewards may be especially profitable for businesses but the latter are only half satisfied with their bonuses, as the result of a poll has proved. They want more, namely - the abolition of the annual fee feature.

So, what are the chances? It appears, the possibility of having a no annual fee option depends on the frequent flyer credit card and on the policy of the issuing company. No less important is the airlines you usually fly with.

Let's see how you can use your credit card most profitably flying with Continental Airlines, USA. The company's best product to attract more customers is the Continental Airlines World MasterCard from Chase Bank.

For the 20th anniversary of the OnePass reward program Continental Airlines have presented this credit card designed for the most hard-to-please customers but they failed to think over one small but very significant point - the annual fee.

Right, this MasterCard is not exempt from annual charging and it causes some discontent among cardholders, especially when there is such a wide assortment of no annual fee cards conquering the credit card market.

Businessmen said they would certainly regret turning down this very airlines credit card just for the reason of the annoying annual fee of $85.00. Most customers find the credit card's other features simply irresistible - double miles on any Continental Airlines purchase and one mile for every dollar spent on all other purchases; 20,000 bonus miles after the first purchase; 24-hour fraud protection and emergency cash and card replacement.

So, most are just trying to communicate with Chase bank to negotiate a no annual fee option. And their attempts do not go fruitless. However, customers are forced to make a serious choice - they will be granted the no annual fee but at the same time it implies earning one mile for every two dollars spent instead of two miles for one dollar. They have to decide which of the two is the most gainful option for them.

While this is rather hard a task, frequent flyers may consider other credit card offers with appropriate reward programs. A no annual fee Blue from American Express allows you to earn one point for every dollar and then transfer two points for a mile to the OnePass account.

So, it's up to you to choose - whether to ask waiving the annual fee on the Continental Airlines World MasterCard or apply for the Blue.

Another and maybe the best of all option is the Chase Flexible Rewards Platinum Visa which, apart from the no annual fee feature, allows you to transfer 10,000 points earned for 12,000 points in your OnePass account. Besides, you normally win one point for every dollar spent on the card. This deal seems to be even better than the previous two, doesn't it?

Still, the final word is left for you. Maybe the annual fee on your MasterCard is not a trouble for you?

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