Llyods tsb premium airmiles credit card

richev

Hi all

sorry if this has been spoken about before.
I have done a forum search and read a bit about it but was hoppen to get some fresh thoughts.

I have just signed up to the premium £50 a year airmiles credit card.

My plan is to put everything on my card and pay it monthly.
I do not have a mortgage as of yet so i cant put that through it but i do sell on ebay and would order approx £1500 a month which i can put ont he card.

Im pretty sure in a year or 2 i should rack up the airmiles right ?

Does any 1 here have the premium card ?
Are there any hidden costs when booking a flight ? i.e extra costs for luggage ( not hand luggage )

Any thought regarding this card would be great. I do not know any 1 with it so but have done a bit of reading and it sounds good.

richev

bump bump bump

jonesMUFCforever

All I know now is that all charges and taxes are included in the 'AirMiles' price.
As they only deal with BA they as yet, do not charge extra for luggage other than overweight.

richev

ok thanks.. did not know about about the extra lugguage thing. thats good to know

Cook_County

Just to add that you would have to recognise some of the value as taxable income on your tax returns since part of the airmiles are earned from the business.

richev

i dont understand ? are you saying that the airmiles would then be taxable ??

if so i could just not tell them. right ?

Cook_County

Correct - you record income and expenses using normal accounting principles.

Failure to declare income is of course fraud & ultimately potentially imprisonsable.