It is like loan that the bank offers at small scale that need to be paid back with charged interest rate according to the terms of credit card agreement.
Unlike debit card credit card provide an opportunity to user to create credit and also offers many rewards which may be like cash back, discounts and travel miles.
One of the significant feature of credit card is can be beneficial for travelling by providing with various offers and rewards.
In this article we will talk about the best travel credit card for travelling and the rewards it offers.
Travel credit card are the rewards that may financially help to ensure free or cheap travel by offering many discounts for hotel/room rent, flight ticket and other expenses.
It is very beneficial for people who travel frequently to other countries for job related purposes or leisure and they receive many bonus and rewards.
Travel credit cards are worth it when it provide the user to earn or miles that they actually able to redeem for travel and can save money and time.
These cards earns airline miles or hotel points with a specific loyalty program.
The card holders can redeem for any other travel purchase on that card.
This how it works.
But many travel credit card may charge high annual fee and involved in many complicated policies and conditions.
However in recent years the travel credit cards have become one of the most competitive categories thus resulted in more offers and other service to the user.
There are many variety of travel cards are available from general to airline and hotel-specific.
Here are some important factors that should be taken for consideration:
We should consider that we a whether we are willing to pay an annual fee because some travel cards may charges annual fees over $500, which is sometimes may not be worth for everyone.
It is a key element for choosing a travel credit card. Sometimes there will be additional foreign charge for International travelling and not for the domestic travelling.
It also have important role while choosing travel credit card. We should explore the card and the rewards offered according to our purchasing.
Here are some of the best travel credits cards for vacation along with their rewards:
Offered only to American express customers with minimum of two years of tenure, significant spending, and genuine payment history. It is a charge card type with annual fee of Rs.1000 plus in first year and Rs.4500 plus from second year onwards.
Rewards: Earn one membership Rewards Point for every Rs. 50 spent except for spend at Fuel, Insurance, Utilities and Cash Transactions and 4X membership rewards points when it is used at restaurants worldwide and shopping in super market.
it offers only for bulk travelling packages, it charges $95 as annual fee, and it offers a welcome bonus of 50,000 points which is equal to $500 toward travel when the card holder spend $3,000 on purchases within the first three months following card activation. There is no additional foreign transaction fee.
Rewards: earn 5X miles on hotel and rental cars booked through Capital One Travel and 2X miles per dollar on every other purchase.
This travel credit card that offers an introductory APR and charges low interest. There are no foreign transaction fees and charges $89 as annual fee which is waived for the first year.
Rewards: offers 3X miles earned on every $1 spent on travel and dining, and 1X mile earned on every $1 spent on everything else.