Today, the world of travelling has been expanding with several opportunities. From discounted flight deals to travel cards, there have been many compelling developments and offers. One of the most popular and successful one being the travel rewards credit card.
So, if you have been waiting to travel to all your best destinations this year, you can count on something advantageous this year. It’s the travel rewards credit card, using which you can save money on your entire travel, earn attractive rewards and also have access to all types of advantages. So, don’t plan your next vacation without leveraging this card.
Important points to ponder
Are you mulling on opting in for the travel rewards credit card? If yes, then here are a couple of important points that you need to be aware of. You can sum them up as necessary information. So, start by asking yourself this question:
Is it smart for you to opt-in for a travel rewards credit card?
The answer is yes. As there are many reasons as to why opting in for this card will act in your favor. Discussed below are the benefits.
Make the most of the rewards
It’s a good idea to invest in a travel rewards card. As the issuers of these cards today provide lucrative rewards, that maximizes the market share. According to the latest researches, the favorite travel rewards credit cards enable you to earn as much as $1,000 in rewards on an average. You can obtain this amount within the first year of using your credit card.
Fees are waived off
Several travel rewards cards have entirely waived off the yearly expenses. It means you have the chance to make use of these savings to assist in paying from your credit card.
There’s a sign-up bonus
If you decide to spend just a minimal amount of money in the initial months of getting your travel rewards credit card, then you can earn even more in the years to come. Additionally, you will frequently see offers that include bonus miles. You can opt-in for that as well.
How can you apply for this card?
If you want to get qualified for a travel reward credit card, you will have to cater to the following criteria.
Keeping good to excellent credit
It’s essential for you to have a decent credit balance for you to qualify for excellent reward cards. And this comprises the cash back cards as well. The only exception here is the secured credit card. You can use this for developing credit and also earning reward advantages.
Make use of credit cards for daily buys
When you daily make use of credit card for your regular purchases, you will be able to earn points. You will also get other benefits on cash back for each dollar that gets spent.
You pay all your balance daily in its entirety
You can choose to make all your credit card balance payment fully every month. It is an excellent financial decision. And this is very crucial for the travel rewards cards, which in some cases might comprise of a high APR (Annual Percentage Rate). Hence, when you don’t or delay the payment of your credit card balance, it can result in you in paying a high-interest rate. It also negates all the advantages that a travel reward card can get for you.
You are loyal to a specific airline or hotel
You don’t prefer cash back cards. And you would want to search for the best travel rewards cards keeping that preference in mind? If yes, you can select between a specific airline or hotel card that’s co-branded. It will be helpful in earning travel rewards and points much faster by focusing on a particular hotel or airline.
When should you apply for your travel rewards credit card?
You can apply for this card anytime. However, the best time is between four and five months before you plan your tour. It is because you surely would want ample time to earn the travel rewards and redeem the same for your trip.
What are the main advantages of opting in for a travel credit card?
The travel credit cards come with several advantages. It comprises the capacity to earn free travel. Users will also get many other travel advantages, for instance, emergency assistance and car insurance.
What are the criteria that you ought to consider before selecting a decent travel credit card?
Browse and compare the leading travel credit card options that you have. These cards are perfect for the individuals who travel regularly. Listed below are some of the essential criteria that you may want to consider when selecting your travel credit card.
- Annual fees
- Sign-up bonus
- Ways to redeem rewards
- Foreign transaction fees
- Other attractive perks
Today, avid travelers and globetrotters depend on their travel rewards credit cards to earn rewards. Deciding whether you should opt in for this card or not, needs careful thought assessment. You can use the pointers discussed above to help you arrive at the best decision.