..We have the continental chase mastercard. We always used to fly continental but have never redeemed the miles for a free flight- it has always been too expensive. For example, if a coach RT flight from EWR - MCO is $150-180 or it will cost 25,000 miles. A RT ticket to Europe costs 50,000 miles -- a ticket that would probably cost more than $400.
Also, a 1st class ticket costs $1400 but an upgrade using miles is 10,000 miles (RT) Yes, I know you can save alot by not flying 1st class.. but it seems that whenever we looked at it, buying a ticket was cheaper than using the miles, atleast for going to wdw. This might not be the case if we lived on the west coast though. And we have used some miles to upgrade to 1st class for special trips, like when we got engaged. To us, the miles would be better spent to take us farther, like DLRP or tokyo DL!
Outside of that, last year I started flying Southwest. It seems much easier to rack up free flights with them, as they do not use the same 'miles type system' basically each part of a trip is a segment and when you earn 12 or 16 (?) segments, you've earned a free flight.
We don't use the continental card for everything though.. we just never quite remember. I was actually thinking about looking for another rewards type card that earned better or faster rewards, any ideas?
Heather