Which is better: flight card or low rate card?

Frequent-flier award cards allow you to accumulate miles when you make purchases. Often, the award card comes with a higher annual fee than an ordinary credit card and may have a higher interest rate.

This calculator shows the tradeoff in holding a frequent-flier award card versus a low interest rate card. You can enter any introductory "teaser" rates that apply. You can also assign a dollar value to the award program by inputting the miles accrual rate, numbers of miles needed for an airline ticket, and the value of an airline ticket. This information will help provide a more complete analysis so you can determine which card is the better deal.

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Credit card ratings: Editors from CardRatings.com rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. Ratings vary by category, and the same card may receive a certain number of stars in one category and a higher or lower number in another.

The ratings are the expert opinion of the editors from CardRatings.com, and not influenced by any remuneration their website may receive from card issuers.

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