Does anyone have a sky miles credit card? if you do, does it help? Is it easy to redeem? I am thinking of getting one, but the rate is high, so I would want to pay it off every month.
My largest expense is my mortgage. I am wondering if I could charge my mortgage payment on it once a month, and just set my bank up to automatically send the equivalent payment to my amex card instead of to my morgage company, as it does now?
I earn over 100,000 miles per years on my Skymiles credit card. I don't know of any mortgage that will let you pay be credit card. If you don't fly Delta (a lot), I don't think it would be worthwhile getting the card. You can get a free card from Hilton or Starwood that gets you hotel points. Never plan on being able to use miles for tickets. Also, using miles for domestic tickets rarely makes sense.
A good card to build up miles is a Capital One Miles card. I agree with Marc in that there isn't any mortgage company that will allow you to put your mortgage on a credit card. It is also a good way to get yourself into major financial problems if you have to carry over a payment. You are basically paying double interest.
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"There is a great difference between being well traveled and just having been to many places." ~Me
I just registered (targeted I think) for a double miles promotion for Jun - Aug. Only problem is limit of 20,000 bonus miles. However, I will arrange purchases (pay off two cruises early) to get $20,000 on the card during these three months. These "bonuses" is how I earn over 100,000 miles per year.
Good luck selecting a card. Cash is always king so you might want to look at a cash back card like discover if you don't travel a lot.