READER QUESTION
Q What’s an air mile credit card, and does it come with any spending limitations?
A It’s a type of reward credit card that enables you to collect points on your spending and exchange them for holiday-related savings on flights, flight upgrades and hotel stays. However, there are things to consider. In most instances, points can only be claimed against the cost of the flight; taxes and fees are excluded. In addition, it’s important to pay off the balance in full every month, otherwise the interest could outweigh the.