5 Things To Look For In A Travel Reward Credit Card

Author: John Morris

Article:
Tightly secured in an individuals cardholder or wallet, credit
cards seem to have replaced cash whenever it comes to shopping.
With credit cards, people will never have to worry carrying big
amount of money whenever they go shopping. Convenience is the
name of the game. With credit cards, it is a total cashless
shopping experience.

Consequently, the growth of credit cards has extensively reached
the financial world. Before, credit cards were considered as
alternatives to cash, but with the easiness of using these
items, they have become the much- needed paraphernalia.

Much of the progress can be attributed to freebies, rewards, and
other incentive enticing people to get credit cards. No wonder
why almost everybody has credit cards. In fact, surveys show
that nearly 80% of the Americans have at least one credit card.

Among the many marketing tools that credit card companies use,
rewards are considered the best. Credit card rewards bring a
particular credit card above the others. Rewards are considered
as one of the best solutions to make a particular credit card
stand out from the rest.

One of the common rewards credit card companies provide is the
travel reward. There are many kinds of travel rewards; however,
they are mostly focused on "air travels."

Travel rewards are usually accumulated by earning miles or
points based on the acquisitions that credit card holders make
with their plastics.

Travel rewards may differ from one another. There are travel
rewards that offer complimentary airline tickets, while others
provide markdown prices on "air travel." For people who do not
need these kinds of travel rewards, other options are available
such as hotel price cuts or money off on car rental rates.

One of the best things about travel rewards is that you can earn
something by merely using your credit card. Hence, people are
encouraged to use their credit cards as often as they can to get
travel rewards.

Today, there are many kinds of travel rewards as there are many
credit cards. This makes choices more difficult to bear. With so
many options, sometimes it is so hard to choose the right travel
reward for you.

So to get you started, here are some pointers that can help you
choose the best travel reward credit card for you. It is
imperative that you consider these things when deciding on a
particular travel reward credit card.

1. A good program

To benefit from travel rewards, it is very important that you
look for a good program. A good program should consist of higher
amount of rewards, reliable system, or reasonable limits. These
benefits will let you maximize your travel reward credit card.

2. Reasonable interest charges

It is a well- known fact that most travel reward credit cards
have higher interest rates as compared to those credit cards
without incentives. This is fairly acceptable considering the
fact that the credit card company is providing you with lots of
freebies anyway.

Of course, it is very important to take note of the interest
rates because there are some credit card companies that take
advantage of this privilege. Hence, it is better to take note of
your travel reward credit cards interest rates. So if you are
not at ease with higher interest rates, then, it is best not to
get a travel reward credit card.

But then again, keep in mind that interest rates only apply when
you do not pay your bills on time. Besides, you will not even
enjoy your travel rewards if you fail to pay your bills on time
as well.

3. The kind of travel rewards you can get

Of course, not all travel reward credit cards offer the same
incentives. Each travel reward credit card is different.
Incentives may range from free airline tickets to freebies in
hotel accommodations.

Therefore, before you try to apply for a travel reward credit
card, it is best to evaluate the rewards you will be getting. It
is best to apply for cards that can give you the travel reward
that can best work for you.

4. Good points accumulation system

Since travel reward credit cards work on points- based system or
through miles, it is best to choose a credit card that can give
you a clear method of accumulating miles or points.

Be sure that your travel reward credit card can give you the
appropriate points or miles for every dollar you spend. In this
way, you can be sure that the money you spend will provide you
something good in return. Conversion rates will differ from one
card to another, so it is best to see how your purchases can
give you the incentives that you deserve.

5. Expiry date

There are some travel reward credit cards that have expiration
dates. This refers to the required number of days that you have
to make purchases. If in case you fail to purchase anything
within that date, you will not be able to get the incentives
even if you have been diligent enough to pay your balances.

Indeed, travel reward credit cards can offer you a whole lot of
surprises. Think of it as an early gift from Santa. If you are
nice enough to pay your bills on time, you will surely reap many
travel rewards, extremely more than you can imagine.

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