5 Things to Consider When Choosing a Travel Rewards Credit Card
If you travel frequently – either because you have a general curiosity about the world or because you need to meet clients in other cities or countries – you may want to think about signing up for a travel credit card. When it comes down to it, you could be making miles and rewards on all your airfare purchases. Not only will you get cash back, but you may also get free flights, upgrades and other perks. When¬†choosing a credit card, though, you want to make a number of considerations before you go with the right rewards card. Here are five things to consider when choosing a travel rewards credit card.
- Is there a large annual fee to sign up? When¬†choosing the best credit cards¬†to reap rewards for your airline travel, you want to find out if there is a large sign up fee. Some travel rewards cards force you to pay a large annual fee to make up the difference for all the miles they offer to customers. In most cases, you want the lowest annual rate possible.
- How many miles do you need to fly to quality for rewards miles? Some rewards cards that focus on the airline industry force you to fly a lot of miles before you can take advantage of the program. Other cards can allow you to start accruing miles in a short amount of time. If you are a light traveler, you want to sign up for a card that offers miles immediately. If you are a heavy traveler, you probably want to go with the card that offers miles only if you travel frequently.
- Do you get other rewards? In some instances, a travel rewards card will offer bonuses and perks in other industries. For instance, if you travel a certain amount of miles, you may get free or discounted fuel – you may also get things like free movie ticket vouchers and other perks that can make the rewards card so much more worthwhile. These cards with extra perks are great for business owners that fly frequently and entertain guests – it can be nice to save money here and there.
- What are some of the restrictions? Some travel rewards cards have serious restrictions. For instance, some cards won’t let you redeem miles during certain blackout weeks. Moreover, you may not be able to cash in on your miles unless you fly a certain amount of miles. When looking at different card companies, you want to find out what these restrictions are because it may not worth investing in a credit card that has too many limitations.
- Do you need a travel rewards card? If you don’t travel, you don’t need a travel rewards card – it is as simple as that. It will be more expensive to manage and it could cause some unnecessary debt. If you do travel a lot, you may want to apply for a travel credit card, because it will be worth it. In the end, having a travel card won’t only offer rewards and bonuses, it will also offer an easy and more comfortable way to fly – it never hurts to get upgraded to first class once and a while.