Posts Tagged ‘travel rewards’
Tips About Travel Reward Credit Cards
If you travel on an airplane these days the airlines are usually offering bonus miles on their credit card for signing up. It may mean they give you enough for a free flight or it may just help you get that much closer to being able to use your miles for a ticket. Either way there are some perks to having the credit cards and some catches so here are the different things to consider about a travel credit card.
Annual Fee
The first thing to consider when signing up for a travel credit card is the annual fee since that will be an ongoing cost on your card. If you determine what you will be purchasing in addition to airplane tickets on the credit card you can determine if it is a good deal for you. While you may pay up to one hundred dollars a year for the card, if you spend enough on it to equal a free ticket each year then it is worth the cost.
Partner Companies
An important factor to look into when selecting an airline travel reward credit card is their partner companies. If they have larger partner companies there is most likely going to be flights that you can get on to redeem your air miles. If the company does not have good partner companies then you may be stuck using way more air miles than you expected to purchase one round trip ticket.
Companion Fare
The companion fare perk is only offered by certain airlines and has about a hundred dollar fee associate with using the voucher. The great thing about the companion fare is that the second traveler has a ticket price of only one hundred dollars. The important thing to remember is a companion fare means you have to travel together for all your flights. While this is great for taking family trips it is difficult if you are single unless you have friends to travel with.
Serviced Airports
It is important to choose an airline travel reward card for an airline that services the closest airport to your home. If none of the airlines servicing your airport offer a card that has the best rewards then you can always choose one that will service the nearest large airport. Choose an airport where you can easily access with a drive or train ride because it may cost a lot less than buying a ticket for the short flight.
Travel Destinations
Another important thing to consider when choosing an airline travel reward card is what travel destinations you plan on going to with your rewards. Different airlines charge more or less for traveling within the forty eight states, to Alaska or Hawaii and traveling out of the country or overseas. If you live far away from your family then it is nice to accumulate miles from your day to day purchases so you can earn tickets to visit.
Money Smart
While travel rewards credit cards are a great way to save money they are a credit card so you have to remember to use them wisely and not accumulate debt. If you are not someone who travels on your own pocket due to work paying for your traveling then a different reward credit card may be a better choice. Just remember to choose your credit cards wisely and travel safe.