An Essential Guide to Choosing the best Credit Card while Travelling
An Essential Guide to Choosing the best Credit Card while Travelling: Best premium travel credit card is something immensely important in case of travelling. This is because of the multitudes of uses of credit cards as well as the various benefits. Credit cards are now used for everything; from purchasing furniture online to the smallest of purchases, such as sticks of gum.
What to look for in a credit card for travelling?
Well, the issues that are considered such as a reputable bank, credit limits still hold weight when considering which travel card to choose for travelling purposes and hence there are other factors that should also be kept in mind. Some of these essential factors have been outlined below:
- Sign up Bonus!
Sign-up bonuses are typically gained by spending a minimum amount on your credit card. It is glaringly obvious that you would want to choose a credit card that offers the largest sign-up bonus. The points gained via a sign-up bonus contribute towards the mileage account and once sufficient points have been collected, a free flight ticket can be purchased!
- Spending Bonus
Most credit cards also offer “points” on all transactions. These points can then be redeemed via purchases with partnered brands or stores. Any credit card that offers the greatest number of points per unit spent, would be the obvious choice.
- Spending Minimum
The deal with achievement of bonuses and points is that a minimum amount must first be spent on the credit card. If a card has a high benchmark after which points are awarded, you might well be spending for a long time before seeing any rewards! Look for cards which have the lowest minimum amount to be spent before you can start earning some points.
- Annual Fee
Fee based cards tend to give better rewards, and thus, for frequent travelers this might well be a beneficial bargain.
- Foreign Transaction Fee
Credit cards are great to use, especially while travelling as you are able to take advantage of good exchange rates. However, if you are charged a fee every time you make a transaction that could cost you quite a lot. Best premium travel cards have the added benefit of a fixed fee, say 3%, but do not charge on every single transaction.
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