Credit Cards

6 Features To Check Out While Buying A New Travel Credit Card

Travel credit cards are rewarding, as they give you a golden chance of grabbing free points redeemable for cash. To get more customers, credit card companies or banks provide a myriad of travel rewards such as special discounts, welcome points and loyalty points.

Well, this is beneficial for customers like you who travel a lot. You can easily accumulate points through which you can easily enjoy a variety of freebies. With so many credit cards, the challenging part is to choose the most profitable one for you as per your budget and travel plans.

To make it easier for you, here are the top 5 features to check out!

Introductory Offer

The best credit cards for travel provide a substantial welcome offer, provided you fulfill its minimum outlay requirement of making one or more purchases typically within the initial few months. Doing so will earn you a significant number of points that can bring you closer to a free hotel stay or a flight journey.

Depending on the card, you can earn up to five times per currency spent. At times, the points you earn are so high that you can grab a couple of free flights! In short, you can gain an immediate credit of thousands of points for little purchases. So, choose a card that has a good welcome offer.

Minimum Low Outlay

It is true that a travel reward credit card requires you to spend a minimum amount within a timeframe to enjoy bonuses. It is ideal to grab one such bonus via standard daily spending.

This does not mean that you should not look for cards whose minimum spending is high, as they come with sizable rewards. However, the point here is that you should start with a small spending requirement, as it is unwise to stick to several cards whose minimum spending requirement cannot be met.

Mastering the art of fulfilling the minimum spending requirement is essential. This is because if you spend more cash than normal only to grab the points, the latter is then not free. So, just spend what you usually would.

Affordable Annual Fee

It is obvious that no credit card owner will prefer paying substantial annual fees. In case of branded cards, the annual fee is somewhat high. If you travel frequently, then having such a card is fine. Fee-based cards come with a big rewards scheme for giving quick points, services and offers along with better trip protection. You are likely to save more on travel than on fees.

Zero Foreign Transaction Fees

Credit cards are preferable in foreign nations, as they give the most attractive exchange rates. However, if you are charged for doing so every time, it is unacceptable. So, look for a credit card that ensures zero foreign transaction fees.

Perks

Most travel rewards credit cards have special perks to offer. Some of the most common ones are priority flight boarding, free stay at a destination hotel or resort and free checked baggage. So, do look for such offers.

Brand Spending Bonus

Some good credit cards for travel make you earn additional points while buying from a specific shop, retailer, or brand. Such a feature gives you more points quite swiftly. Instead of getting just one point per dollar, the card should give you double or more points per dollar. At least, look for the card that gives double points for the total money spent at an outlet.

Conclusion

The best credit card for travel should be the most rewarding for you. It is ideal to have a card that has all these features.

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