Accessories, Budget

What to Look for in a Travel Rewards Card

March 2, 2015 by

Travel Credit Card

If you find yourself shoveling out of yet another snowfall and dreaming of getting away but can’t, now is the time to at least start planning for your summer vacation.

As you think about your travel plans, consider checking out different credit card offers to find which ones offer the best travel rewards and benefits. That way you can apply for your new credit card now, and perhaps take advantage of some of those travel rewards this summer.


Look Beyond the Signup Bonus

The term travel rewards means that the card offers travel-related compensation and incentives like free flights, hotel stays, a night at top-tier hotel, or access to exclusive airport lounges.

However, many of these cards carry higher interest rates, so they are best used when you don’t plan to carry a balance from one month to the next.

As you look for the right travel card, be sure to look beyond the signup bonus. Pay attention to rewards rates and other perks, but also look for things like foreign transaction fees and annual fees.

For instance, if you are planning to travel overseas, the Barclaycard Arrival Plus has an EMV smart chip that is compatible with Chip and Pin implementation overseas (not just Chip and Signature). Plus it has no foreign transaction fees.

Whereas the Southwest Rapid Rewards Plus Card from Chase is a good choice for people looking for a card that offers points for a Companion Pass, and unlimited free travel for a designated person on a revenue or award ticket.

Every card offers something a little different. Take the time to do your homework and look into what each card offers to find the one that best suits your needs.

Many cards even offer some form of travel insurance and protection, which eliminates the extra expense of travel insurance. The right card might just make it a little easier to get away.

Photo credits: pixabay, wikimedia

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