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What are air miles?

 

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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