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Airline miles work great for my family and I. We fly at least 3 time a year, and one of those times ends up being free. I am using Cap One right now and the way to figure there system out is to multiply the cost of the tickets by 80, and that's how many points you need. So typically for us we spend about 35,000 a year. It sounds like alot but we put EVERYTHING on this card, and pay it off completely each month. Using the card does'nt effect our budget at all. We would spend that money anyhow.
This October when we use our miles, I'm going to switch to my USAA American Express with Eagle Rewards. This card you would multiply the cost of the tickets by 50. This is a much better deal. Almost twice the rewards than our Capitol one Card. Now 35,000 spent will get us $700 in airfare where as Cap One would give us $437.
At any rate if you know your going to fly, you get more bang for your buck with air miles than cash back. Twice as much more. Cash back is typically 1 for 1 or 1.25 for 1 if you're lucky.
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