My questions are about rewards cards, specifically air miles...
I am just now recovering from a very bad credit situation. Some years ago I was something like a 480. Now 660 or so. I know, not great.... or good and I'm sure I wouldn't be able to be approved for one these cards for quite some time, but on the slow road.
- I was wondering why one would apply for a credit card from an airline, such as the JetBlue credit card, when instead you could get another card that is not just for one specific airline? Because then couldn't you use the reward miles for any number of other airlines? So why would one limit themselves to only being able to retrieve their miles from one specific airline?
- Also, when they refer to 'Points' or 'Miles', do these literally equal one actual mile for redeeming travel rewards? For example, if a flight was 1,000 physical miles to a destination each way, that would be a 2,000 mile roundtrip. And if the card states you earn 1 'point' or 'mile' per dollar charged on the card, would that mean you would only have to spend $2,000 on the card to use it for a flight of that distance and would cover the airfare?