What are air miles?
The Bankrate.com financial term of the day is: "Air miles."
This might sound like that way they have of measuring distances -- you know, "as the crow flies." Instead, air miles refers to one of the most popular types of rewards you can get for using credit cards. A card tied to a major airline will earn you air miles, similar to frequent flyer miles, every time you make a purchase. The miles are then transferred each month to your frequent-flyer account with the airline, putting you closer to free ticket -- or an upgrade to the champagne-and-slippers treatment in first class.
Anyone who likes to shop and likes to travel ought to consider a credit card offering air miles and the opportunity to charge your way to free trips.
To compare rewards credit cards, visit the credit cards section at Bankrate.com.
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A little research could save you BIG on interest.
AAA Travel projects that 34.7 million Americans will travel more than 50 miles from home this Labor Day weekend, the highest volume since before the 2008 recession.
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