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Fully-fledged luxury trips, free first-class airline tickets, discounted five-star hotels, access to top airport lounges - ah, the perks of the best travel credit card.
However, you can enjoy all these benefits only if you have a good credit score range in Canada.
Moreover, it takes time, credit, and of course, money to transform your travel card into a ‘premium’ level.
But, once you have achieved that status, there’s a long road of travel miles, mileage, and free bonuses.
So, if your idea of relaxation is traveling without going broke, you might want to get your hands on a travel-friendly credit card even with your limited credit history.
Here’s what you need to know:
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If you’re a hodophile, you might travel a lot. However, unless you’re a born millionaire, the traveling cost can really take a toll on your living expenses.
It’s important for a travel lover to know and choose the right travel credit card to ease some traveling burdens.
“Credit cards with travel incentives earn you points, rewards, or miles for your transactions!”
So, Are Travel Credit Cards Worth It?
Travel points, rewards, bonuses, and miles are a form of currency that you can use to redeem several offers.
The advantage is that you don’t have to apply for individual debit, cash, or cashback cards. Yes, you can earn points or travel rewards on your everyday purchases with your typical travel card.
Bonus: Click to read a guide to know the best travel hacks to save money.
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Earning travel points is more like a marathon where the key to longevity in the race is taking it slow.
The noticeable thing here is to understand that you don’t want to spend endless money just to earn the rewards. But, of course, you can’t ignore the importance of travel points and mileage rewards.
However, still, the route you should take is using your regular daily purchases.
Forbes explains that you surely can ask for lower rates, but it really depends on your card type.
The secret is to select a travel credit card with a rewards currency you can utilize, whether in the form of airline miles, residential loyalty points, or multi-use travel rewards points.
Travel credit card isn’t the odd one out but the exclusive one for the explorers. Different credit cards provide various advantages.
So similarly, a travel credit card can help you earn anything and everything related to traveling.
The main differences come in the form of ‘loyalty programs.’ You'll be rewarded with some points on every purchase with a travel card. Here are the basics of the most travel loyalty programs:
However, the client's requirement to access these travel perks is usually a good credit score. So, if your credit falls in the bad range, you need to take measures to increase your credit score quickly!
Sure, you’re into traveling. Of course, you want to roam around the world for free. But where do you actually start? Or, how can you earn points to fulfill your traveling dream?
Here’s what you need to do in the light of a video by a top travel expert:
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You need to be clear about why you need the miles for! For instance:
Like, there can be several other goals that can impact the earning of your travel points.
And once you know what your goal is, it will be easy for you to choose the right travel credit card.
As we explained earlier, people who frequently travel yet don’t apply for loyalty programs throw away their chance of a free trip.
According to Business Insider, loyalty, hotel, and flyer programs can offer the following benefits:
A free ticket, meals, snacks, beverage perks, or a free upgrade from economy to a higher class are typical awards.
Of course, choosing the right credit card is highly important to enjoy all the travel perks. You can look for certain options and compare their benefits to find what can work for you.
Here are some options:
Comparing the ins and outs of a credit card has never been this easier as you can just search online and see the things listed in the top SERPs.
Using online shopping portals to earn points and miles is one of our favourite tactics.
The main reason is its convenience!
It just takes a few seconds, and you can do it comfortably right from your home premises. Here’s how it works:
According to Liz Hund, online airline shopping portals allow consumers to earn bonus points, miles, and rewards by doing business with numerous retailers via the portal.
For instance, the perfect time is to earn points when ordering your everyday basic supplies. But instead of direct purchasing, you’ll buy products through the airline portal.
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There are typically easy, and complex redemption options when it comes to miles and points. Let’s discuss both briefly:
Because you may use flexible travel points for statement credits, discounted offers, gift cards, shopping, or travel, they are easier to redeem.
You can usually charge any travel transaction to your credit card and use your points to cover all or some of the amount.
Airline miles and hotel points, on the other hand, are more difficult to use because they are subjected to certain loyalty program criteria.
Award availability can be limited, especially during peak vacation periods and popular travel redemptions.
Note: Pursuing airline miles or hotel points is usually only worthwhile if you have a general concept of how you'll spend them.
If you’re a finance expert, using cash for basic purchasing feels like a crime.
Why throw away the opportunity to earn points on every dollar you spend. Right? And, using a travel credit card will only help rocket your miles up!
We have curated everything you need to know in this guide, so give it a read and take a few steps forward in your financial literacy journey!