You might be looking for a loyalty credit card that gives you generous perks. Obviously, you would value elite status benefits like airport lounge access, free checked bags, chance to collect free flight tickets and hotel stays, and you may wish to be rewarded for your spending habits. However, you may not be willing to pay huge annual or risk decreasing your credit score for the redemptions and loyalty privileges.
It is true that there is no ideal credit card suitable for every traveler, but there are many ways in which carrying the proper card can pay off. The expert approved strategies shared below can help you get the most out of your travel credit card.
Give Importance to Flexibility over Fidelity
Experts say that that most lucrative among the credit cards are those that let users to transfer the points to different programs. For instance, with the Chase Sapphire Reserve card, you can earn Chase Ultimate Rewards Points that can be redeemed with partners like Marriot, United, and Southwest. When redeeming the points with partners, you can earn great value.
On the other hand, with the American Express Platinum Card, you can earn American Express Membership Reward points that can be easily transferred to various programs like Hilton HHonors and Delta Sky Miles without the need to lock to the program or devaluing the points.
Consider Preferences, Travel Patterns, and Spending Habits
It is much important to evaluate three factors before committing to a travel credit card: the benefits that are offered by the card; ease of earning and transferring points to various programs; and sign up bonus. The co-branded airline credit cards with carriers like Delta, United, and American Airlines do not let users reap rewards fast, but these cards may be worth having for the privileges that they offer like priority boarding.
If you do not travel frequently, you can go for cash back cards like Fidelity Rewards Visa Signature card. This card allows users to earn two percent cash back on all the purchases made with the card.
Go for Double or Triple Points
While looking for cards, consider those cards that offer you greater number of points per dollar spent. For instance, the Chase Sapphire Reserve card will offer you 100,000 points for spending 4,000 dollars in the first three months of signup, an airfare credit of three hundred dollars, and three points per dollar spent on dining and travel expenses.