Travel rewards credit cards are a popular choice for many travelers as they offer a range of benefits and perks that can help you save money and enhance your travel experience.
By choosing a card that suits your needs and using it responsibly, you can save money, enjoy travel perks and benefits, and improve your credit score all at the same time.
Here are five reasons why you should consider choosing a travel rewards credit card.
Earn points or miles for your spending
Travel rewards credit cards typically allow you to earn points or miles for your everyday spending.
These rewards can be redeemed for flights, hotel stays, car rentals, and other travel-related expenses.
Depending on the card and the rewards program, you may earn points or miles at a higher rate for certain purchases such as travel and dining.
Enjoy sign-up bonuses
Many travel rewards credit cards offer sign-up bonuses, which can provide a significant boost to your rewards earning potential.
These bonuses typically require you to spend a certain amount within a set period of time after opening the card.
For example, you may be offered 50,000 bonus points if you spend $3,000 in the first three months of card membership.
Access to travel perks and benefits
Travel rewards credit cards often come with a range of travel-related perks and benefits, such as airport lounge access, free checked bags, and priority boarding.
Some cards also offer travel insurance and other protections, which can give you peace of mind when you’re on the road.
No foreign transaction fees
If you’re a frequent traveler, you’ll likely want a credit card that doesn’t charge foreign transaction fees.
These fees can add up quickly, particularly if you’re traveling internationally for an extended period. Many travel rewards credit cards waive these fees, which can save you a significant amount of money.
Build credit and improve your credit score
Using a travel rewards credit card responsibly can help you build credit and improve your credit score over time.
By making your payments on time and keeping your balance low, you can demonstrate to lenders that you are a responsible borrower.
This can make it easier for you to get approved for other types of credit in the future, such as a mortgage or car loan.