Tuesday, Jul. 28, 2009

Spend Credit, Earn Miles

If you're the type of person who actually pays off his credit-card bill on time and in full, get a card that's affiliated with an airline or hotel you like. The first-purchase bonuses alone usually translate into a free domestic flight or a night's hotel stay. After you get your freebie, you can continue generating loyalty points by spending with the card — but take a moment to evaluate whether the payoffs are worth the high APRs and annual fee.