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November 26, 2006

Those credit-card miles can take off without you

Margo R. Kaufman has a message for people who choose credit cards based on their reward programs: Those rewards can be taken away.

About two years ago, Kaufman and her husband accepted an offer for a Capital One "No Hassle Rewards" card. The couple used the card regularly, mainly because it promised two airline miles -- on any carrier -- for every dollar spent. They accumulated 55,785 miles, enough to get a ticket to Europe on some airlines.

But before they could use the miles, Boris died. Capital One responded by canceling the card and rescinding the miles, Kaufman said.

Read more at: Those credit-card miles can take off without you

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