Reward Points Credit Card Offers for May

Credit Card	Purchase Rate	Balance Transfer	Interest Free Days	Reward Points	Card Fee
Coles Group Source MasterCard	19.99% p.a	% p.a n/a	Up to 62 days	Up to 2 points per $1	FREE
Emirates Citibank Platinum Card	20.99% p.a	0.9% p.a (for first 12 months)	Up to 55 days	up to 1.5 points = $1 spent. Plus 25,000 bonus Skywards Miles	FREE (For the first year)
Woolworths Qantas Credit Card	19.99% p.a	% p.a	up to 55 days	Up to 2 Qantas Frequent Flyer points per $1 spent	$89
ANZ Qantas Frequent Flyer Platinum	19.89% p.a	% p.a	Up to 55 days	Up to 1.5 points per $1. Get 20,000 Qantas points on approval.	$295
Virgin Flyer Credit Card	20.99% p.a	1.9% p.a (for first 12 months )	Up to 44 days	up to 1 point for every $1	$50 (for first year)
Virgin Money High Flyer Card	20.99% p.a	1.99% p.a (for first 6 months)	up to 44 days	1.25 Velocity Points per $1 spent uncapped.	$249
ANZ Qantas Frequent Flyer Visa	19.89% p.a	% p.a	Up to 44 days	$1 = 1 point	$95

Frequent Flyer Credit Cards Explained

A frequent flyer credit card is a loyalty program offered by a credit card issuer often in conjunction with an airline. Typically credit card holders who own a frequent flyer credit card accumulate frequent flyer miles, kilometres or points depending on the amount spent on the credit card. The frequent flyer miles accumulated can then be redeemed for free air travel, other goods or services or better benefits including business or first class upgrades, access to airport lounges or priority bookings.

When choosing a frequent flyer credit card, borrowers should take the time to determine who long the expect it will take to earn enough points or miles to receive a free ticket. They can do this by simply dividing the average amount they spend on a credit card by the standard number of points required to earn a free ticket. For example if it takes 25,000 points to earn a free ticket and the borrower expects to receive 6000 points a year for their spending on a the credit card, then it will take the card holder approximately four years and two months to earn a free airline ticket (25,000 divided by 6,000)

Related Frequent Flyer Credit Card News

Citibank Emirates Card Very Compelling Balance Transfer And Frequent Flyer Program

Global banking giant Citibank is currently running an extremely compelling offer on their Citibank Emirates card.

The Citbank card has a great deal on balance transfers, with a rough annual interest rate of 2.9 per cent, and perhaps the best feature is that card holders earn 3 Skyward Miles, which is the Emirates Airlines frequent flyer program for every $1 spent (normally is just 1.5 miles per dollar spent).

Nine Credit Card Pitfalls

No matter how responsible you are when it comes to credit cards, they still come with a number of pitfalls. As soon as you navigate your way past one, yet another emerges. Here are 9 credit card pitfalls.

The Debt That Never Ends. The minimum payment on many credit cards barely meet the interest being incurred on your debt, which means if you only ever make the minimum, you’re debt will never reduce and seem to be endless. Occasionally a card will be offered with such a low minimum monthly payment, that your debt ends up actually growing.

Nine More Credit Card Pitfalls

In the first part of this series we looked at nine credit card pitfalls. As we said previously, even for the most responsible users credit cards represent a minefield so here are nine more pitfalls you should be aware of.

Insurance offers that credit cards tend to present are horribly over-priced. You should avoid signing up to these and instead look on the internet for a better deal.