Credit Card

How to Compare Travel Credit Cards

If you want to save money and travel comfortably, choosing a travel credit card can be a smart move, but you must do the legwork to find the right card for your needs. There are different types of travel credit cards depending on different rewards styles and personal preferences, and some cards are more flexible than others.

Some cards fit into a few different categories. For example, an airline credit card can earn you miles and miles from hotels and rental cars and vice versa. As you start comparing travel cards, there are many things to consider, some of which are entirely influenced by your own spending style and travel goals. Here’s what you need to know to decide on the right card for you.

Potential income

Each travel credit card has its own rewards structure. Some flexible travel cards offer similar reimbursement rates for your dollar – you probably pay $ 1.5 or 2 points or $ 1 per mile – though with some travel expenses or certain spending categories like food, groceries or gas Are more generous.

Cards associated with a specific hotel or airlines (such as American Airlines, Marriott Bonvoy, or Hilton Honors) have a higher level of reward when you spend within their brand and the range is wider. You will see spending 2, 6 or 14 miles or $ 1 per point. When you compare, consider how often you travel and where you spend the majority of your monthly budget.

Release option

Each travel card has rules about how you can spend your points or miles, and depending on the card and how you leave them, these rewards are many. For example, the balance value of the American Airlines Advantage card is about 3 cents on the mile, or if it is redeemed for airlines on American Airlines or its partner airlines, the Delta SkyMiles card is three times higher than the competition.

You should also consider how important flexibility is to you. For example, on the Chase Sapphire Preferred Card, points redeemed through the Chase Ultimate Rewards portal are not nearly as valuable as Advance miles, but you can use your points on various airlines and still get a respectable point of 1.95 cents. Can get the value.

Annual Fee

Many travel cards charge an annual fee, and along with the rewards and perks you receive, you need to recover from this expense. Annual fees start at $ 95 and can go up to $ 500.

On higher card cards, you can pay for airport lounges, discounts from your checked baggage fee, or other airline fees alone for a few hundred dollars for your TSA pre-check enrollment or free access to airport lounges. Can spend, so if you want to make your priority easier, travel is enough, but the card fees are worth it.

Travel park

You can get a card for a lot of travel, very few or anywhere. Make sure which is important to you. In addition to airport lounge access, checked baggage waves and a Global Entry / TSA precheck redevelopment, you can enjoy free hotel nights, complimentary airfare to your partner, priority boarding on flights, or in case of your luggage or travel Can get insurance coverage. Again, high-value cards become staur annual fees.

Sign-up bonus

Most cards offer new customers a sign up or welcome bonus that meets the minimum spending requirement within the first few months. Some bonuses can easily be worth a few hundred dollars, but make sure you can meet the spending requirement without balancing your card. Interest charges are a quick way to offset the financial benefits of travel cards.

Foreign transaction fee

Some travel cards charge a foreign transaction fee – when you use your card abroad, you have about 3% of every purchase. There are a lot of cards that do, however, if you don’t plan to travel abroad (or are charged too much with just one international dealer), make sure that your card does not bear this fee. This can easily rule out any miles or points you can earn.

International recognition

Some credit cards are not widely accepted internationally, So if you are a globe-trotter, make sure you use your card anywhere. For example, Discovery cards are not accepted at all in South America, the Middle East and parts of Africa, and can only be rarely accepted in other selected regions.

Comment here