There's, however, a hefty price to pay for spending while earning-interest levels average 16.99 % on airline mileage charge card balances.
As consumers try to find alternative choices to managing debt, the inevitable hunt for a decreased-rate balance transfer begins. Innovative companies for example E*TRADE FINANCIAL are making it easier for consumers to transfer their balances to some low-rate card while preserving power they have to earn rewards on the card with their choice.
Instead of the standard one-time balance transfer, the E*TRADE Mileage Maximizer Account is an automated balance transfer system that permits customers to transfer their balances on higher rate credit cards to some lower rate plastic card just about every month. Low-rate credit models like these allow customers to slow up the interest paid on balances, paving the best way for effective debt management.
So celebrate the rewards you get from your airline mileage cards-take that trip, get some new seat or turn the miles in to a charitable gift. But be smart-don't pay for those benefits with the exorbitant monthly interest and manage the balances you might be carrying down to a low interest rate.
