There was a large article on Airline credit cards in outlook money recent magazine. It had gone ahead and looked at the different options ( scanned here) about the multiple cards available in the market and a comparison of its benefits.
The comparison is between American express - Kingfisher credit card, ICICI kingfisher master card,Citibank premier miles card, SBI spiceject card
It was a good article and i appreciated the insights that the author provided . Here is a link to the article which you can read on the web. - Link
these work really well in the US especially if you are an entreprenuer and hence these benefit you quite a lot.
However, when i look at the Indian market , i am not really sure if these make sense.
When you look at the article, it does not take into consideration the fact that miles can only buy the basic fare and does not pay for the taxes that the airline charges separately.
Here is some stats.
I can buy an KF/JET ticket from delhi to bangalore for 15000 miles. Now , it takes me a long time to collect these miles and the money that i get in return is around 700 rs. The ratio of the miles to Rs value is actually only 1Re is 21 miles.
so when you look at the cost one is paying for the credit card, or when is collecting miles in indian airlines , it just doesnt make sense.
Hence when i was travelling to the US last week, i got my miles credited to my international airline partner instead of trying to get it only my JET or Kingfisher frequent flier card.
Now- hold hard. If you dont travel abroad and cannot put up these miles on your international cards-- it ABSOLUTELY makes sense to put it on your JET/ Kingfisher milescard- after all it is still money that you collect.
Happy investing
( Dont forget to subscribe using the links on the right and become a follower of the blog)
The comparison is between American express - Kingfisher credit card, ICICI kingfisher master card,Citibank premier miles card, SBI spiceject card
It was a good article and i appreciated the insights that the author provided . Here is a link to the article which you can read on the web. - Link
these work really well in the US especially if you are an entreprenuer and hence these benefit you quite a lot.
However, when i look at the Indian market , i am not really sure if these make sense.
When you look at the article, it does not take into consideration the fact that miles can only buy the basic fare and does not pay for the taxes that the airline charges separately.
Here is some stats.
I can buy an KF/JET ticket from delhi to bangalore for 15000 miles. Now , it takes me a long time to collect these miles and the money that i get in return is around 700 rs. The ratio of the miles to Rs value is actually only 1Re is 21 miles.
so when you look at the cost one is paying for the credit card, or when is collecting miles in indian airlines , it just doesnt make sense.
Hence when i was travelling to the US last week, i got my miles credited to my international airline partner instead of trying to get it only my JET or Kingfisher frequent flier card.
Now- hold hard. If you dont travel abroad and cannot put up these miles on your international cards-- it ABSOLUTELY makes sense to put it on your JET/ Kingfisher milescard- after all it is still money that you collect.
Happy investing
( Dont forget to subscribe using the links on the right and become a follower of the blog)
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