Four Reasons to Ditch Your Frequent Flier Credit Card

More than 45 million frequent-flier credit cards have been in circulation for the last three years, according to the Nilson Report, a payments systems newsletter.

The problem is that the frequent flier miles consumers rack up each time they use their credit card aren't worth nearly what they were a few years ago, and the airlines' financial problems are making them worth even less.

While people are sure to bemoan the losses and new hassles that come with redeeming their accumulated frequent flier miles, what they really should be doing is looking for a new credit card.

Credit cards offer a number of advantages and disadvantages, depending on how you use them. (Don't miss "10 Reasons You Need a Credit Card" and "10 Reasons to Avoid Credit Cards") ...