A New Credit Card Could Mean A Nearly Free Vacation

AND, THERE IS RUMORS AROUND TONIGHT, AN ORIGINAL REPORT YOUR NEXT VACATION COULD BE CLOSE TO FREE BECAUSE CREDIT CARD COMPANIES WANT YOUR BUSINESS

THEY ARE HAVING TROUBLE DEALS THAT WILL HAVE YOU JUMPING ON THE JET FOR NEXT TO NOTHING DOROTHY TUCKER HAS THE DETAILS Reporter: YOUR NEXT TRIP COULD BE NEARLY FREE SINCE CREDIT CARDS HAVE SWEETENED SIGN UP BONUSES THIS COULD REALLY HELP A LOT Reporter: THE UNITED MILEAGE PLUS EXPLORER AND SOUTHWEST RAPIDS REWARDS CARDS OFFER 40,000 MILES OR POINTS

BRITISH AIRWAYS OFFERS 50,000 THE AMERICAN EXPRESS PLATINUM CARD, 60,000 AND YOU'LL GET EVEN MORE, 100,000 POINTS, WITH THE MARRIOTT REWARDS PREMIER PLUS CARD SOME ALSO THROWING COMPLEMENTARY UPGRADES LIKE FREE CHECKED BAGS, PRIMARY PORTING, AND EVEN UBER CREDITS WHO IS THE TARGET? EVERYONE IS TRYING TO GET THE CUSTOMER LOCKED IN NOW

IF YOU CAN BRING THEM IN NOW, YOU HAVE A LIFETIME OF OPPORTUNITIES TO SELL TO THEM Reporter: ONE OF THE BEST INCENTIVES IS THE CITI ADVANTAGE CAR YOU GET 60,000 AMERICAN AIRLINES MILES AFTER SPENDING $3000 IN THE FIRST THREE MONTHS OKAY ROUND-TRIP FLIGHT TO CHAMPAIGN TO VISIT THE KIDS IN COLLEGE AND HAVE MILES LEFT OVER FOR A WEEKEND IN LAS VEGAS OR SPEND THEM ALL ON FUN IN THE SUN

I SIGNED UP FOR THE GENERAL CARD, THE CHASE SAPPHIRE PREFERRED I GOT 50,000 POINTS AFTER SPENDING $4000 IN THREE MONTHS BUT I CAN USE THOSE POINTS HERE, HERE, HERE, AND OTHER AIRLINES THOSE POINTS ARE WORTH $625 I DON'T LIKE CREDIT CARDS

EVEN FOR A FREE FLIGHT? NO AT 17% INTEREST RATE? YOU'VE GOT TO BE KIDDING ME THAT'S A GOOD WAY TO GO UNDER Reporter: THE AVERAGE INTEREST RATE OFFERED ON THE TRAVELCARDS IS 20% EXPERTS SAY THEY ARE NOT FOR EVERYONE

THE PERFECT PERSON TO USE ONE OF THESE TRAVEL CREDIT CARDS IS SOMEBODY WHO TRAVELS QUITE A BIT, BUT ALSO WHO PAYS OFF THEIR CREDIT CARD IN FULL EVERY SINGLE MONTH Reporter: DOROTHY TUCKER, CBS 2 NEWS EXPERTS ADVISE THAT BEFORE YOU OPEN A CARD, FACTOR IN ANNUAL FEES THAT RANGE FROM $69 TO $500 SOME ARE WAIVED THE FIRST YEAR OTHERS AREN'T

ALSO, DO YOUR HOMEWORK ON REDEMPTION POLICIES AFTER YOU SIGN UP AND SPEND THE REQUIRED AMOUNT, IT COULD TAKE