How to avoid mistakes acquiring your travel credit card?
Expenditures on journeys is an area which we don’t much care about. However, if we were more careful, we could spend much less. We could spend less on tickets and safe for visiting another country or we could book a night in a hotel cheaper and save money for eating in a local restaurant. One of the most popular ways of getting such refunds is a travel credit card. If you already thought about this option but got stuck in a huge variety of them, there is an easy way of choosing the best variant.
What to consider before choosing a travel credit card?
The first question any prospective travel card holder should ask – will benefits they gain cover amount of annual fees required for these bonuses to work. The best travel credit card options can be known from , and all the information about reward percentage and the amount of annual fees can also be found there. As products differ, one should also answer three basic questions:
- Services of which companies do you use travelling and do you like to obtain loyalty benefits and discounts from them?
- Can you trade loyalty of one firm against the amount of cash in your account? Those who are ready to wait for a future purchase to get a discount and loyalty benefits prefer rewards system. However, people who want to spend these rewards as they wish, order cash back system;
- Do you like a set of services to be fit with your status (for example, there are special offerings for students and for businessmen).
Always remember that the tastiest benefits come at a higher price. Some products may astonish clients by exhilarating cash backs or by number of partnering companies, but they may require higher annual fees or spending a lot more for activating bonuses. Use simple math to determine whether you really benefit from such bright offerings or will you use the free miles offered as you open a credit account.
Is it better to have more payment options?
Now if you spend much time traveling, one option is not always enough. Many travel cards users have 2,3 or even 5 options and from all of them they obtain enough benefits to cover annual fees. The problem is that you cannot hold all the discounts and offerings in your head. Another point is that the more cards you have, the fewer offerings you really use (remembering them all is rather difficult). Choose cards partnering with services you use more often. In such a way you will benefit much more than those whose pockets tear from credit cards but who don’t remember even half of options they can use
Founder Dinis Guarda
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