ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Travel Credit Cards

Updated on December 1, 2019
Nicoartz profile image

I have done a lot of SEO content writing for websites; thus, I have done a ton of research about loans, credit cards, and consolidation.

Travel Credit Cards: Hassle-free travels

If you are a frequent flyer then travel credit cards can help you avail discounted airline tickets, rent cars for free and even stay at hotels at a discount! These types of cards are best for people who travel extensively as the card necessitates substantial usage before you can rake up the minimum rewards. Just think of all the befit that one of these credit cards could offer you. However, like any credit card, there are some things that must be considered before obtaining one.

Travel Credit Cards
Travel Credit Cards | Source

What's the catch?

In the world of business, every good thing comes at a price. It’s the same with travel credit cards. While they may promise you the world – free airline tickets, double reward points, and miles, even free car rentals, etc. – they will more than recover these costs. How? Through increased interest rates and Annual fees. While most competitively priced regular credit cards are offering low-interest rates and zero annual fees, the travel credit card charges unusually higher than even average! This is to recover the costs of giving away miles and points for free.

Three things to look out for

If you’re planning to get a travel credit card, make sure you watch out for these 3 things:

1. Airline sponsored cards:

These cards are associated with one particular airline. This makes it easy to plan travel routes while also getting significant savings while using the card. This is especially useful if the airline has a major center in your city.

2. Bank-sponsored travel card:

These cards are meant for multiple airlines and help if there is no central hub of any particular airline in your city. Another benefit of these cards is that the minimum mileage points needed are significantly lower than the airline sponsored cards.

3. Check the offers:

No matter if its an airline sponsored or bank-sponsored card. You need to check out some of the salient features of the travel card. Only if these conditions are met, can you consider it to be a good deal:

  • Expiry date of mileage: Some cards will provide mileage with no expiration attached. Others will offer an expiry term of up to 5 years or more. However, if you do not travel very often, having an expiry date associated can mean losing out on redeeming the miles.
  • Low interest: Many travel credit cards will offer a low rate of interest – sometimes even 0%! However, this is during the holiday season or some festival season. Always make sure to check the default rate and the duration of the promotional period.
  • Annual fees: Almost every travel credit card is going to carry an annual fee with it. That’s so as to recover the costs of free miles and rewards points. However, just in case a card offers a zero annual fee, it will usually be only for one year. After this, it’s back to the default fee.
  • Minimum miles: In the earlier days, you needed to travel a lot and spend a lot on the card before you could earn the minimum amount of points. However, nowadays banks have relaxed the limit a bit.

4. Eligibility criteria:

Be sure to check the criteria needed to qualify for a travel credit card. Usually, you will need an annual income of at least 15000 USD as well as a good credit rating. If the entry criteria are too stringent, chances are you may not qualify for the card.

5. Payment in full:

Most of the time, a travel credit card will require you to pay the amount in full. This means you need to have enough money at hand to be able to pay off the outstanding balance in full. If you make a part payment, your account might suffer delinquency. That could, in turn, impact your credit score.

Final Comments

Credit cards can be a useful tool if used wisely. However, all too often they are abused and debt spirals out of control. My advice is simple. Never charge more than you can afford to pay at the end of the credit card payment cycle, and follow the terms of the card. If you do that then you should stay ahead of the game. That means NO interest, and still reaping the benefits of the card.

All in all, there are a lot of terms and conditions associated with travel credit cards – just make sure you’re aware of them.

This article is accurate and true to the best of the author’s knowledge. Content is for informational or entertainment purposes only and does not substitute for personal counsel or professional advice in business, financial, legal, or technical matters.

© 2019 Jason Nicolosi

Comments

    0 of 8192 characters used
    Post Comment
    • Nicoartz profile imageAUTHOR

      Jason Nicolosi 

      7 days ago from AZ

      Thank you, Lorna. I really appreciate that you took the time to read the article and comment. I hope that others also find the information helpful.

      These types of credit cards can be useful, especially this time of year when travel is up. The best way to take advantage of credit cards is to pay them on time, know the term, and never charge more than you can afford to pay at the end of the payment cycle.

    • Nicoartz profile imageAUTHOR

      Jason Nicolosi 

      7 days ago from AZ

      Thanks for reading the article JC. I appreciate the comment.

    • Lorna Lamon profile image

      Lorna Lamon 

      7 days ago

      Another excellent article Jason full of good advice and tips, particularly useful at this time of year.

    • JC Scull profile image

      JC Scull 

      7 days ago from Gainesville, Florida

      Very good information, Jason.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
    ClickscoThis is a data management platform studying reader behavior (Privacy Policy)