Credit card bonus miles are rewards points that Credit card issuers offer to cardholders, typically as a sign-up bonus or as ongoing rewards for spending on the card.
These miles can be redeemed for various travel-related expenses, such as flights, hotel stays, car rentals, and more.
Here are a few key points about credit card bonus miles:
1. Sign-Up Bonus:
Many credit cards offer a large number of bonus miles if you spend a certain amount within the first few months of opening the account. For example, you might earn 50,000 miles if you spend $3,000 in the first three months.
2. Earning Miles:
You can earn miles by making purchases with your credit card. Some cards offer higher rewards for specific categories, such as travel, dining, or groceries.
3. Redemption Options:
Miles can often be redeemed through the credit card issuer’s rewards portal for flights, hotel stays, car rentals, and sometimes even for statement credits or gift cards. The value of miles can vary depending on how you redeem them.