How to reap the benefits of traveling with credit cards

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most 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 » Research » Guides » Travel with Credit Cards » How to reap the benefits of traveling with credit cards

How to reap the benefits of traveling with credit cards


Updated: February 5, 2016

The content is accurate at the time of publication and is subject to change.

Traveling with credit cards could be a beneficial deal. Given that a lot of people come up with many expenses on a vacation trip, credit card companies are offering a lot of perks and incentives in such scenarios. Therefore you can save a few percentage points on the vacation budget by travelling with the right credit card.

Insurance coverage

Most credit cards offer car rental insurance coverage. A lot of cards will offer travel accident insurance which covers for accidents and death as well if the card is used for booking the airfare. Cards like Chase offer a decent lost baggage assistance amount, which could stretch up to 300 dollars. This is far more than what most airline companies can offer for lost baggage replacement.

Zero liability

Fraud transactions can be denied payments as far as your credit card bill is concerned. There is a hefty fee on merchants who sneak in extra bills as well. Fear of this chargeback causes many merchants to resolve issues with the customers, who refuse to pay up on the bills and involve the credit card issuer in resolving the dispute. The ability to check everything before you make the payment is what distinguishes a credit card from a debit card.

Travel deals

Cards like Chase do not even charge you the interchange fee which means you can save money on converting currencies when you are going to foreign countries. The conversion fee even if charged, usually around 1-2 % by more credit card issuers, will save you the trouble of looking for exchanges and converting your cash to the foreign currency. Sometimes you might get a bad conversion rate and sometimes you might not find a conversion counter when you are out of local currency.

Hotlines

Some credit card issuers like American Express, provide you the benefit of emergency hotlines where customers can call at any point of time to report stolen cards, stolen wallets, medical emergency, roadside assistance etc. The hotline offers assistance in most critical cases, which are likely on a foreign travel.

Bargaining deals

Some credit cards upon negotiation offer better deals for a travel trip as a perk especially when you call up and ask for it. These deals could include lower APR, sometimes 0% on travel purchases, higher credit limit and various other perks. These will help you save a good amount of money spending on your credit card.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

Top 5 Secured Credit Cards: November 2020 – Experts’ Choice

Top 5 Secured Credit Cards: November 2020 – Experts’ Choice

Posted: June 22, 2020

The COVID-19 pandemic has made significant changes not only in people’s lives and their financial standing but also in the entire financial sector of the U.S. We have collected the best secured card offers from our partners so that you can… Continue reading

Top 5 Soft Pull Credit Cards: November 2020 – Experts’ Choice

Top 5 Soft Pull Credit Cards: November 2020 – Experts’ Choice

Posted: June 3, 2020

When applying for a credit card, you definitely don’t want your credit score to go down. Here, you will find the best credit cards with a soft pull from our partners. An application for such cards won’t make changes to your credit history… Continue reading

Top 5 Store Credit Cards: November 2020 – Experts’ Choice

Top 5 Store Credit Cards: November 2020 – Experts’ Choice

Posted: May 30, 2020

We evaluated store credit cards offered by our partners to find the best store credit cards. They are often loaded with perks that will allow you to save on purchases at your favorite retailer. Plus, many store credit cards are available… Continue reading

You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!