Credit Card News
Advertising Disclosure
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » News » Other » Choosing the Most Suitable Credit Card Offers

Choosing the Most Suitable Credit Card Offers

By
Add to Favorites:
Choosing the Most Suitable Credit Card Offers

According to recent surveys, Capital One Financial Corporation found that consumers are relying more on rewards programs when planning their summer vacations. This summer promises to show a 5 to 7% increase in credit card rewards over last summer. Consumer trend analysts believe that this increase is due to the current decline in the economy. Statistics from consumer surveys indicate that 55% of credit card reward users chose cards with hotel benefits. Air travel and gas rewards also proved to be a very popular option amongst credit card users.

Card Rewards Supplemental

Over the past few years, consumers were turning to “staycations,” vacations that are in the same town or closer to home than normal. In order to cut back on spending without sacrificing vacations, consumers were sacrificing the “where” for the cost. Indications from the Capital One Financial Corporation study indicate that these sentiments are ending.

For one, consumers are leveraging the rewards points they have accumulated through one or more of their credit card reward cards, airline miles cards and other rewards programs. Consumers are taking more of a strategic approach – pulling points from here for the hotel room and there for the airline tickets.

Vacation Supplement Elements

Respondents to the survey admit that they are mostly redeeming their points to cover their hotel stays, at 55%. Redeeming points for airline tickets took second place at 48% and covering the “pain at the pump,” redeeming points to cover gas costs came in at 42%.

Cost vs. Fun

The rising costs of gas, food and travel may seem to be daunting. The situation, however, is not keeping the savvy American traveler down. Americans are gathering up all of those reward points from various cards and programs and learning how to cobble together a practically free or much less expensive summer vacation than they would have otherwise.

Add to Favorites:

Related News:

Amex Acquisition Increases Security

By Dar Dowling, Posted: December 9, 2016

American Express has bought InAuth, Inc., a company specializing in providing customers with mobile device authentication and intelligence solutions. Continue reading
Citi Card Tracker Unveiled

By Dar Dowling, Posted: December 8, 2016

There is a new feature in town now that Citi credit cardholders in the U.S. can track where their replacement card is every step of the way as it travels to their mailbox. This new feature is available in the Citi Mobile App, whether the ... Continue reading
New Digital Wallet From SDCCU

By Dar Dowling, Posted: December 7, 2016

The San Diego County Credit Union (SDCCU) is rolling out their brand new digital wallet app for iPhone users. With the app people can use their phone to safely do their banking, whether that means using their phones to expedite cash ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Get 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the APR will be 12.24%-22.24% based upon your creditworthiness.
For Excellent/Good Credit
Earn 1% cash back on gas and grocery purchases. Terms apply.
For Fair Credit
Guaranteed $500 Unsecured Credit Limit
For Bad Credit