Buzz
It feels like credit card offers are constantly coming your way, and the last place you want to encounter a sales pitch is in the air. With no escape, likely tired and dehydrated, you might find yourself trying to avoid eye contact when flight attendants walk by, offering applications for the airline's credit card. Though the details about points are unclear, it's hard not to feel that if you enroll today, you'll receive a hefty reward.
But is it truly worth it? Should you keep your focus on the crossword puzzle in the in-flight magazine and avoid the temptation?
The answer: Pass on these in-flight promotions. While the rewards may seem enticing, the timing is far from ideal.
Resist the urge to apply for credit cards on impulse
If anything about flying makes you anxious, it’s not the best time to apply for a credit card, according to Megan Horner, credit cards publisher at Finder.com. “When you're not in the right mindset, you could end up regretting your application later.”
No matter how appealing the signup bonus may be, it’s likely not worth making a snap decision. “Be sure to review the spending minimums required to earn those bonus points, and take note of the APRs,” said Lisa Lee Freeman, consumer expert and cohost of the podcast Hot Shopping Tips. If you often carry a balance, impulsive credit card applications may not be the wisest financial choice.
Applying for a credit card while in the air puts you at a disadvantage, Horner explained. You likely won’t be able to easily shop around for comparisons online, and paying for in-flight wifi to do so would eat into your potential bonus.
Verify the signup bonus details
If you're considering applying, ask if you can take the brochure with you to review later, suggested Horner. “It’s rare to find a deal that you absolutely must act on immediately.” Taking the brochure with you has its benefits. For one, you avoid the risk of exposing your personal information, as paper forms can be lost, and in-flight wifi may not be secure.
Additionally, the extra time allows you to ensure you're getting the best possible bonus. “Some airlines don’t update their pamphlets quickly, so the signup bonuses displayed may not be the most lucrative,” Horner explained. “And if you have a strong credit score, it’s worth waiting to see if you get targeted offers online that offer even better rewards.”
