General Disclaimer: All the articles here are presented with no warranty. The information displayed on investingbytes.com may be different from what you see when you visit a financial institution, service provider, or a specific product’s site. We are not responsible for any errors or other inaccuracies in the content on our website. The information provided on our website is solely for informational and educational purposes, We recommend that you obtain considered and independent advice from a financial professional before you make any financial decisions or implement any financial strategy.
Advertiser Disclosure: Card Listings and other financial products that appear on this site are from financial companies for which investingbytes.com may receive compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. Investingbytes.com does not include the entire universe of available offers. Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers.
Things to keep in mind before taking a travel credit card
For all of us who love to travel to exotic locations, the offering of travel credit cards is surely a boon from many perspectives as they provide us with great financial flexibility, especially when one is in a foreign country.
With many airlines joining the credit card fray in collaboration with well-known banks, the options for travel credit cards are aplenty.
Here are a few points to keep in mind when you decide which kind of travel credit card to opt for.
First of all, identify what your travel goals are. How frequently do you plan to travel? Where do you plan to travel? What are your goals in taking a travel credit card? These are the questions to keep in mind. While screening your options, look at the rewards for spend offers that are available, as spends on some credit cards may convert to airline miles while other rewards may include discounts on dining or hotel accommodations.
If you already have points from previous travel on specific airline alliances, then you could consider a credit card that adds on to the mileage you already have so as to maximize your benefits.
Many credit card companies offer lucrative signing up bonuses when you sign up for a travel credit card. These may add as many as 50,000 points to your credit. However, the offer of such a bonus is usually tied in with how much you commit to spending in the first 90 days after receiving the card. Do check these details before you settle on a travel credit card.
Ensure that you maintain a good credit score before you apply for a travel credit card as the chances of your application being rejected are far less when your credit score is consistently high. If your credit score is less than 650, then the bank would be within rights to deny you the card that you are applying for.
Also, do try to keep a track of your typical spending habits and how you could maximize the points you earn on your card by optimizing how and what you use your card for.
A payday loans direct lender is an individual or a party other than a bank which functions without t...Read more
Be it in Florida or in Texas, commercial vehicle title loans are the quickest and easiest way to mak...Read more
While many of us strive to put aside some small portion of our earnings into a savings account or an...Read more
There are some companies across the country that specialize in helping people who already have an ex...Read more
Subscribe to our newsletter to receive latest updates in the world of finance!