Travel reward credit cards are only a great benefit if you
travel frequently. While that may seem trite it needs to be
said. You may think, "what a great idea - travel reward credit
cards. I might want to take a vacation next year."
You're probably going to find that if you only travel once in
awhile the benefit of the travel reward credit cards is offset
by the higher APR (annual percentage rate) annual fee, or other
charges clear or hidden.
Travel reward credit cards may be specific to airline travel, or
even to one specific airline. They might also provide rewards
for purchase of gas, for auto rental, for hotel stay, or even
purchases at retail shops. It's important, before you choose
from the vast array of travel reward credit cards, that you
assess what type of use you might make of travel reward credit
cards. Then look for cards that offer the biggest savings on the
types of use you'll most often make of them.
Keep in mind, too, that the discount may be useful if you're not
the traveler. If you have family or friends that travel to you -
or if you're a recruiter who is flying job applicants in for
interviews, for example - you might find the airline or car
rental perks advantageous.
Travel reward credit cards can offer cash advances that can be
very handy when you're traveling. They can also offer travel
insurance that includes worldwide emergencies such as medical
evacuation, lost luggage and emergency expatriation. All of
which are extremely difficult to resolve without adequate
pre-travel preparation and purchase of coverage.
Travel reward credit cards may also offer discounts or points
as a result of retail purchases, although many do not unless you
are carrying over a balance at the end of the month. You should
also check and see if the travel reward credit cards you are
considering have a ceiling on the monetary value on which they
will offer rewards.
You need to know the schedule and the value of the travel
rewards these credit cards offer as well. When it comes to cash
rewards, do you have to wait until the end of the year to get
your cash from the travel reward credit cards, or do they send
the money to you every $20 as its accrued?
In general travel reward credit cards offer U.S. and Canada
round trip flights at the reward redemption value of one single
round trip ticket for every 25,000 miles purchased on your
travel reward credit cards. The other important factor to take
into consideration when deciding which of the many travel reward
credit cards to use is the charge for cash advances - if, in
fact, you see this as being a feature you'd use with any
When it comes to choosing and using travel reward credit cards,
the old truism applies: "It pays to compare."
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