How about earning extra miles or hotel discounts or attractive offers each time you travel? Doesn’t it sound interesting? If you love travelling, you’ll find an array of travel credit cards to choose from.
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Travel credit cards are specially designed for frequent travelers. These offer welcome gifts, complimentary airport lounge access, fee waivers, and so on, in the form of rewards.
You will need to have a good credit score to qualify for best credit cards. If you don’t have a good credit score or have no credit score, apply for a secured credit card and use it to build credit history and a good credit score. You can also earn rewards points.
The best time to apply for a travel rewards credit card is about 4-5 months before your trip.
SEE ALSO: Types Of Credit Cards
Travel credit card must be availed by people who travel frequently. While choosing a travel credit card, look for the following features:
1. Welcome gift:
Once you sign-up for a travel credit card, you get a welcome gift which is also known as a sign-up bonus. The welcome gift is in the form of reward points or free tickets. The reward points can be redeemed for air miles at international and domestic airlines. The free tickets offered are only on select airlines.
2. Fuel surcharge waiver:
The ease and convenience of use have made card payments popular. However, card usage at fuel stations has a fuel surcharge of 2-2.5% of the transacted amount. You can avoid paying this surcharge by using a travel credit card which waives it off.
3. Complimentary airport lounge access:
Most travel credit cards offer complimentary airport lounge access. Whether you’re at a National or International airport, this benefit lets you relax in the airport lounges. You can also enjoy the privileges offered by the lounges at no extra cost. Some travel credit cards also provide free access to friends and family who are accompanying you.
3. Zero liability on lost card:
Some credit cards offer zero liability on lost cards. If you lose your travel credit card in a foreign location, report the loss immediately to the bank. You will not be held liable for any fraudulent transactions taking place on reporting the loss.
4. Annual fee waiver:
Most travel credit cards offer exclusive privileges to card holders. You will be charged an annual fee. Most credit cards offer an annual renewal fee waiver facility if you spend a specific amount required by the bank. By spending such an amount in any given year, you enjoy annual fee waiver for the next year.
5. Other benefits:
Other than the above mentioned benefits, travel credit cards offer free movie tickets, complimentary golf rounds, discount coupons on dining, concierge services and so on. These cards also offer other travel benefits like luggage fee waiver, insurance and emergency assistance.
Eligibility criteria to apply for travel credit cards differs across banks. Following are the common eligibility criteria:
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