July 1, 2019
Almost everyone has credit cards and they use these cards for everyday purchases.
However, most people don’t utilize their full potential. Users often focus on spending limits, interest rates, and similar factors while ignoring the value of reward points.
These points can be utilized in many different ways based on the different offers provided by your bank. If you’re interested in traveling, it’s a good idea to apply for the best rewards credit card with travel benefits.
That can help reduce overall travel costs and allow you to explore new places at a more affordable rate.
Travel Free With The Best Travel Credit Card
Travel credit cards offer reward points on every purchase. These are specialized reward programs where points can be redeemed on travel expenses like flight bookings, gas, hotel stay, and even food at certain restaurants.
These points can build up quickly if you are consistent in spending and paying bills on time.
You’ll eventually earn enough to get a significant discount on your vacation trips.
If you have a good credit score, it is possible to apply for some of the best cards available in the market. Entry level cards are beneficial, but they don’t offer the same level of rewards provided by the top tier cards.
If you want to travel free, you will need something that provides a decent rewards scheme.
Best Travel Credit Card 2018
There are multiple options available in the world of credit cards so finding the right one can be challenging. You need something that will offer good rewards but also suit your regular expense requirements.
There’s ample information available on the internet, but even the shortest articles can be a bit puzzling.
If you’re asking yourself “which travel credit card is best for me”, here are some factors to consider:
• Travel Miles – Through these credit cards, you can redeem rewards in the form of air miles or travel miles. Some cards in this category only associate with particular brands or airlines, but there are cards that allow you to redeem rewards with many different airlines.
Chase Sapphire Preferred Card is one such example.
You can get 2 times the reward for travel and dining expenses and one point per dollar on regular expenses. This card offers many benefits but doesn’t provide any specific rewards like free checked baggage or priority boarding.
This is the best credit card for travel miles if you have a good credit score.
• No Annual Fee – Annual fees can eat into the rewards provided by the card, which is why it’s a good idea to get a card that doesn’t charge an annual fee for use. There are several cards in this category that charge no annual fee, but the Bank Of America Travel Rewards credit card is very popular and recommended by experts in the field.
This is one of the best travel rewards card available in the market today because it has a high reward rate of 1.5 points on every dollar spent.
If you’re already a Bank of America, Merrill Edge, or Merrill Lynch customer, you can earn 10% to 75% bonus while redeeming the reward points based on how much balance the account has.
• Business Travel – Business travel can be a substantial burden on a company, which is why many choose cards with great reward systems to reduce the financial burden. Ink Business Preferred card is a great option for business travel. It offers 3 points for every dollar spent on travel for the first $150,000 spent every year.
You get one point per dollar on other expenses so it’s easy to collect enough points to get free travel at least once a year.
Some of the best credit cards for international travel offer great benefits to business travelers because they provide higher rewards for more international spending.
If you choose the right card, the rewards will help finance frequent trips to different exotic destinations. However, it is important to have a good credit score to apply for any of the cards mentioned above.
If you have a lower credit score, it’s a good idea to resolve the issue before application.
How to Get Points
If you don’t earn enough reward points, you won’t get enough returns to support travel expenses. Here are some tips to keep in mind if you want good benefits:
• Handle most of your regular expenses through credit card.
• Pay the full balance on time.
• Don’t indulge in transactions like balance transfers and cash advance.
• Redeemed rewards before the points expire.
• Join hotel or airline loyalty programs, especially if they’re associated with your credit card.
• Don’t hesitate to use more than one credit card to earn different kinds of reward points.
If you find the best travel credit card no annual fee, you can shave off hundreds, if not thousands of dollars from your travel expenses.