Are Travel Credit Cards Worth It? Let’s Look at the Facts
There are a lot of credit cards on the market, and it can be tough to decide which one is right for you. If you’re looking for a card that will help you travel more, then you may be wondering if travel credit cards are worth it. In this article, we will take a look at the facts and see if travel credit cards can help you save money on your next trip.
They come with rewards
One of the benefits of travel credit cards is that they often come with rewards. These rewards can be used to cover the cost of your travel expenses, or even get you discounts on future trips. For example, many travel credit cards offer points that can be redeemed for free hotel stays, flights, or even rental cars. Namely, the way these cards work is that you earn points for every dollar you spend on the card. So, if you use your travel credit card to pay for your airfare, hotel, and car rental, you can rack up a lot of points very quickly.
They have special features
In addition to rewards, travel credit cards often come with special features that can be very helpful when you’re planning a trip. For example, a lot of credit card companies in Canada offer travel insurance as a benefit of their cards. This means that if you have to cancel your trip for any reason, you may be covered by your credit card company. Another common feature is emergency medical coverage, which can help you cover the cost of medical expenses if you get sick or injured while on vacation.
They can help you save money
If used correctly, travel credit cards can help you save a lot of money on your next trip. By taking advantage of rewards and special features, you can offset the cost of your travel expenses. And, if you use a welcome offer correctly, you can even get your entire trip for free. Namely, the professionals from Insurdinary say that “If you’re a savvy spender and know how to maximize your points, a travel credit card can be an incredible asset on your next vacation. With the right card, you can save hundreds, if not thousands of dollars on airfare, hotels, and more.” Also, read the reviews of different travel credit cards before you decide on one. This can help you make an informed decision about which card is right for you.
Welcome offers
When you sign up for a new travel credit card, you will often be presented with a welcome offer. This is a promotional offer from a credit card company that can give you a lot of value if you use it correctly. For example, many travel credit cards will offer a large number of points or miles when you sign up and spend a certain amount of money within the first few months. If you plan your spending carefully, you can use this welcome offer to get a free flight or hotel stay.
Big points bonuses
When you use a travel credit card, you can often rack up points very quickly. And, if you have a card with a good rewards program, these points can be redeemed for free travel. For example, many cards will offer a large number of points when you sign up and spend a certain amount of money within the first few months. If you plan your spending carefully, you can use this welcome offer to get a free flight or hotel stay.
Free secondary cardholders
A fantastic advantage of having a travel credit card is that most cards permit free secondary users. This means you can add anyone you want to your account and they’ll have the ability to use the card for booking trips. And, if you are enrolled in a rewarding points program, they can even help you gain points more rapidly. The best part is that plenty of cards also provide complimentary trip insurance for secondary cardholders. Therefore, if your loved ones have to cancel their vacation for any reason, they will be safeguarded.
No foreign transaction fees
When you use a travel credit card, you will never have to pay foreign transaction fees. This can save you a lot of money, especially if you travel often. Foreign transaction fees are charged by your credit card company when you make a purchase in a currency other than Canadian dollars. And, these fees can add up quickly. For example, if you spend $100 US on your credit card, you may be charged a foreign transaction fee of $15. But, if you use a travel credit card, you will never have to pay this fee.
There you have it! These are just a few of the many reasons why travel credit cards can be worth it. So, if you are planning a trip, be sure to consider using one of these cards. You may be surprised at how much money you can save.