Credit cards that offer cardholders travel rewards are among the most popular in the industry. If you love travelling, it only makes sense to take advantage of a credit card that provides you with travel benefits. Naturally, it’s a wise choice to earn something for all of your spending.
For many cardholders, cash back credit cards are the way to go. But, for people who wish to explore the world, it’s all about getting points that can be put towards travel benefits. Such benefits include free airline tickets, hotel stays and car rentals. However, there many other benefits of using a travel rewards credit card.
Sign-up bonuses.
Who doesn’t like to save money? The obvious benefit of utilizing a credit card that offers rewards of any kind is the ability to save money on often-expensive items and experiences. With certain travel rewards cards, however, a consumer can save hundreds of dollars by taking advantage of sign-up bonuses. On Money.ca, Sandra MacGregor & Barry Choi reveal that the benefit of getting a sign-up bonus comes with the TD First Class Travel Visa Infinite Card.
“New TD First Class Travel Visa Infinite cardholders are eligible to a staggering offer,” they inform, “Earn up to $1,000 in value, including up to 135,000 TD Rewards Points and no Annual Fee for the first year. Conditions Apply. Account must be approved by January 6, 2025.”
Car rental insurance.
A car rental always comes in handy when you’re away from home. Many travel rewards credit cards don’t just allow you to earn points towards free rentals. They also offer insurance plans for car rentals you pay for using the credit card. That way, a cardholder can avoid paying additional fees to the car rental agency for insurance.
“A travel rewards card might be worth it if you rent a car for more than 5 days per year and don’t already have car rental insurance coverage, since the coverage is so expensive to purchase from the rental car company,” notes creditcardGenius, “The car rental collision coverage came in handy for me once when I rented a car that was already damaged but somehow I forgot to check for damages before driving it off the lot (always do this and snap pictures to prove it!).”
Travel insurance.
Most travel rewards cards don’t just earn consumers points. They also come with a wide variety of benefits that travel-loving cardholders can use. Trip cancellation insurance is one such perk. Travellers have to pay fees in the event they have to rebook their flights. With such an insurance plan, a cardholder can avoid those unwanted charges.
“The key main difference between perks offered by miles vs cash back cards manifests in premium travel rewards cards,” says MacGregor and Choi, “Travel cards tend to kick the value-added features up a notch: in an effort to win the loyalty of big-spending jet setters, the best travel cards of the lot offer particularly comprehensive insurance packages and/or free airport lounge access.”
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