Avianca Airways is Columbia’s nationwide airline, with locations in North America, Columbia, Peru, Brazil, Europe, and plenty of others. The LifeMiles program permits frequent vacationers to earn miles that may be redeemed for awards with Avianca Airways and Star Alliance airline companions.

The LifeMiles Visa Secured Credit score Card offers cardholders the chance to earn miles on purchases made with the cardboard, whereas engaged on constructing or rebuilding their credit score. If you’re a jetsetter and fan of Avianca Airways, and looking out for a bank card for reestablishing your credit score historical past, the LifeMiles Visa Secured Credit score Card is likely one of the greatest secured playing cards to contemplate.

How This Card Works

The LifeMiles Visa Secured Credit score Card requires a safety deposit of at the least $300, which is held in an curiosity bearing account with U.S. Financial institution. When you’re authorised for the cardboard and have made your deposit, you obtain a bank card with a restrict within the quantity of your deposit. Your exercise is reported to the three main credit score bureaus, TransUnion, Equifax, and Experian, and is periodically reviewed. After 12 months of accountable use, you may qualify for an unsecured card.

Cardholders earn one LifeMile for each greenback spent. Earn an infinite variety of miles, however miles expire two years after the final time you’ve got earned or redeemed miles. So long as you constantly use your card, your miles is not going to expire.

You possibly can redeem your miles for flights with Avianca Airways, on flights with Star Alliance member airways which embody 28 airways reminiscent of Air China, United, and Air Canada, for lodge stays with over 100,000 motels globally, and automobile leases with firms reminiscent of Hertz and Funds. 

Professionals

Rewards program. Secured bank cards with rewards packages are additionally uncommon, and the LifeMiles Visa Secured Credit score Card means that you can earn a mile for each greenback spent, whatever the buy class. This offers you a chance to rack up miles that can be utilized for priceless awards, the place most secured bank cards don’t.

Earn curiosity in your safety deposit. Your safety deposit can develop a short while it’s being held in order that when you’ve got repaired your credit score and might shut the cardboard account, the deposit refunded to you’ll be a bit greater than what you began with. Not all secured bank cards present this chance, which is an added bonus to the cash you deposit for the bank card. (See additionally: Greatest Secured Playing cards that Pay Curiosity on Your Deposit)

Cons

Excessive APR. This card consists of one of many highest APRs provided by any secured card. It is vital with bank cards, particularly secured playing cards, that you’re aware of the curiosity you’re paying in your purchases. When you persistently carry a stability from month to month, you need to as an alternative take into account a secured card with a decrease APR, even when it would not provide a rewards program. As a result of the APR is so excessive, it could turn into dearer than any miles earned are price.

Overseas transaction payment. The overseas transaction payment is at the least 2%, relying on whether or not you utilize U.S. {Dollars} or overseas forex. When you incessantly journey overseas or use the cardboard for overseas purchases, this payment goes to cancel out the worth of the rewards earned out of your purchases. There are secured playing cards that don’t cost overseas transaction charges and could also be extra cost-efficient for overseas purchases. (See additionally: Greatest Secured Playing cards with Low or No Overseas Transaction Charges)

Excessive variety of miles required. With a view to redeem your miles for flights you could accumulate at the least 25,000 for a spherical journey flight. As a result of it is a secured card, it means additionally, you will have to deposit a big sum of money to be held as a safety deposit with a view to earn the factors wanted for flights. With a view to profit from the rewards program, it can be crucial that you simply plan on utilizing the cardboard a fantastic deal.

Who This Card Is Greatest For

Due to the rewards program and the advantages supplied, this card is greatest not solely for individuals who are rebuilding or constructing credit score, however who additionally incessantly journey with Avianca Airways. It is usually greatest for individuals who pay balances in full every month to keep away from paying the excessive rate of interest, and for individuals who can reap the benefits of the flight and journey advantages the cardboard gives.