While taking a travel credit card Consider 5 things
A travel (travel) credit card proves to be a very important resource for those going out of business, office or holiday frequently. Travel credit card not only makes transactions easy during domestic and international trips, but also has many other benefits. Therefore, through this article, information to be kept in mind while purchasing a travel credit card is being given.
Benefits of joining and renewal
Joining bonuses and renewal benefits such as free rewards and travel vouchers are given in travel credit cards. The benefits are given help cover the amount you paid in the form of joining fees. The travel credit card offers discounts on travel and hotel booking. Along with this, there are many other benefits of a travel credit card, some of which are as follows –
- Welcome Gift – You can get huge benefits in the form of introductory offers on travel credit cards. Air miles and sign-up bonuses can be redeemed on domestic and international travel.
- Airport Lounge Access – You can use the lounge at both domestic and international airports using a travel credit card. You can avail of special facilities or relax in the airport lounge during flight delays or layovers.
- Zero liability for loss of card – If your card is lost during a foreign trip and you immediately inform the bank about it, then you are not liable for any kind of transaction made by someone else through fraudulent transactions.
- travel insurance – The cardholder gets the benefit of travel insurance. Under this, the cardholder is provided cover in case of lost luggage, air accident and any emergency.
Travel Credit Card Charge
Travel credit card renewal and joining fees are much higher than normal credit cards. Also, general credit cards offer discounts on purchases or refuelling etc. If you want to get a travel credit card, you will have to pay a renewal fee or joining fee. Before taking such cards you should analyze and compare travel credit cards offered by various credit card issuers. When choosing a travel credit card, choose an issuer that offers rewards, cashback, coupon codes and discounts, etc.
See Also: Axis Bank Credit Card
Learn the options to redeem loyalty points
You have two options when selecting a card for a loyalty point. You can choose either a co-branded credit card, which offers more reward points if the card is used at partner outlets and another, non-co-branded travel credit card. They offer to provide greater returns on travel expenses. There is no limited option. You can earn points and redeem them by using the card at retail outlets and stores of your choice. Reward points on co-branded travel credit cards can only be redeemed for air tickets, hotel stays, or only merchandise on partner brands. But you can redeem points found in brand-neutral cards at both partner and non-partner outlets. So select the card as per your convenience.
Other ancillary benefits
Travel credit cards are devices that offer travel benefits as well as other benefits like a normal credit card. Travel credit cards offer cardholder like food, free movie tickets, fuel surcharge discounts and discount vouchers, etc. like a normal credit card. This helps you to get significant discounts on utility and lifestyle bills and thus you can use the card in many other things. If you have a travel credit card, you do not need to take any additional general credit card for your other expenses. Therefore, while choosing a travel credit card, make sure that it offers travel benefits as well as other benefits.
Reward Points Expiry
Most travel credit cards offer offers that close after a certain period. However, some credit cards offer offers that never expire. But there are only a few credit cards, with most cards offering benefits for a fixed period. So keep in mind the expiry date of your credit card reward point. When you have more reward points, keep using them from time to time. On the other hand, a travel credit card is best only when you travel continuously or go on holidays. By using a travel credit card you can reduce the total cost of your journey significantly. So try to choose a credit card that provides general benefits along with your travel needs.
