Finding the right travel credit card is important. One of the best ways to reduce the cost of your travels is by having a credit card that accumulates points or miles that can be redeemed for a variety of related expenses including flights, hotels, and car rentals. You can even travel free if you have enough points or miles. So having the right travel credit card is critical if you want to travel free or at reduced cost.
Points and Miles
There are many different cards out there that earn points and miles, but its important to study the specifics to determine which one is a right fit for you. Some cards give you points to use towards flights, while others are more flexible and allow you to transfer your “travel currency” to certain frequent flyer and other loyalty programs. Another option is using your points for upgrades. In some cases it can be very cost efficient to upgrade to business or even first class using your points.
An important thing to look at is the introductory offer that comes with a card, meaning if you spend a certain amount within a certain period of time, you can get a nice amount of points which is the easiest way to get started toward free travel. Just make sure to hit their target spending amount in the amount of time they require so you can capitalize on the special offer.
Another thing to take into consideration is that some of the more premium credit cards have an annual fee, however in a lot of cases if used correctly to maximize the benefits, the perks outweigh the fee. If you travel internationally its important to get a card with no foreign transaction fee. More and more of the cards are eliminating these fees which is great because these fees can add up quickly when using a card abroad.
Since there are so many options out there, it really comes down to your personal circumstances and spending habits as to which card would be the best to have. For example, some cards give you bonus points for spending in certain categories such as travel or dining. Choose a credit card that will allow you to maximize it’s benefits. If you tend to dine out a lot, get the card that will give you the most miles or points for doing that. If you spend more on gas, there are cards that award you 2-10 times more points on spending at the pumps. There are so many different credit cards and rewards programs that you can easily find the one that will give you the best benefits for your spending.
Another great tip is to read the fine print. Some rewards programs may say you can earn multiple points for spending in a certain area, but if you read a little further, sometimes not everything you think would fall into that category is included. For example, if you think you spend a lot of money on food and decide on a credit card that gives you great benefits for that spending, you might think that grocery stores are included in that bonus. But that isn’t always the case. They might only consider dining at restaurants as spending that qualifies for the bonus miles or points. Make sure to read everything before signing up.
Rewards That Benefit You
If you want to earn miles or points to reduced the cost of travel, or even travel free, it’s also important to choose a card that lets you use your rewards the way that will benefit you the most. For instance, if you travel frequently, but don’t fly very often, a card that gives you the best rewards benefits on flights might not be the best for you. You might need a program that gives you great deals on hotels or car rentals.
The biggest tip we can offer for making the most of your credit card for free or reduced travel is to put everything on your credit card. That might sound scary to some, but we do not suggest spending more money than usual just to rack up points. But if you are going to be spending money anyways, why not earn points or miles while doing so. Stop using your debit card or cash and put it all on the credit card that offers the most rewards. You can even pay most of your bills with your credit card. You will be surprised at how quickly you can rack up points or miles by paying for everything with your credit card.
Make sure to pay off your credit card bill every month! You do not need to keep a balance on your card and start paying interest. But putting everything on your credit card actually helps make paying bills and keeping track of expenses easier.
The bottom line is, you can absolutely travel at reduced cost or even free if you get the right credit card and rewards program and maximize it. If you are going to be spending money anyways, why not make it work for you and enjoy the benefits saving on travel.
We are not affiliated with any particular credit card so if you want an objective opinion and help on what card or cards may be right for you, then feel free to reach out to us. We are always monitoring the newest deals and offers for cards and will gladly assist you with any questions you may have.