Choosing the Best Travel Rewards Credit Card

If traveling is your passion, the costs will easily add up over time. Traveling, as fun as it is, costs a lot of money. Whether it is the big costs such as flight tickets, or smaller costs such as hotels and restaurants, they are however needed, regardless of the cost. That is why, if you love travelling, you should look for a cheaper way to get to do your favorite thing in life!

One popular way that has arisen over the last decade is the concept of using credit cards to gain miles. These miles can later be transferred to actual spending money with airlines, where some cards offer you so many miles that you can go on trips around the world! But how do you choose the best rewards credit card for your travels, and what are the factors you need to consider?

Let the Credit Card Companies Fight for You

One might wonder why credit card companies will throw such large sums at you that you are able to travel across the Atlantic through spending with their credit card. Note that you can pay off your debts, just as if you were using cash or a regular debit card, and still receive the great perks! So why do credit card companies then offer such amazing perks for your spending?

It all comes from the competition between them. In order to gain new customers spending through their card, companies must offer different perks. Today, the perks have become the number one selling point of all credit cards, as the service itself is essentially the same from all providers. This means that you can simply lean back and let the credit card companies fight to get you as their customer!

What Credit Card Fits You the Best?

There are many factors to take into consideration when picking your credit card. Factors such as the APR, fees, International fees, and of course the rewards, all needs to be taken into consideration in order to get the full perspective. Only then might you make a qualifies choice of what credit card fits you the best.

APR on the Credit Card

APR is an abbreviation for Annual Percentage Rate. Explained in short this denotes what you essentially pay in interest for borrowing the money on your credit card. However, one should note that this does not kick in until after your payment is due. That means you can avoid the APR simply by paying before the interest accumulates - which is definitely the preferred choice if you are only using credit cards for the perks!

Fees Associated With the Credit Card

Some credit cards have hidden fees that adds up without many customers truly noticing. These fees can be for transactions, online purchases, annual fees for holding the card, fees for not spending over a certain lower limit, and many more. It is vital to put in a few extra minutes looking into the actual fees associated with the credit cards you are evaluating.

International Fees

If you are looking for a credit card associated with travelling, then your main concern in terms of fees should be International fees. While some cards might give you many miles, it is never fun to pay several percentage points in International fees while travelling. The best travel rewards credit cards provide you with free transactions wherever you go in the world.

Travel Rewards

Of course the greatest factor of all in picking a travelling credit card is to ensure that it is one with great rewards for travelers. Whether that is an extensive amount of miles offered, free nights at hotels, or even dining experiences, one needs to look closely into these perks. The former, that is the miles, is likely the most valuable aspect of credit card perks out there, so this should be a priority, especially if you travel internationally!

Compile the Information and Pick Your New Credit Card!

It helps to compile the information on credit cards into a simple overview. Your priority should be to find a card that fits you the best. If you for instance have very good finances, and only plan to use the credit card for travelling perks, the APR should be of no concern to you - as it will not affect you if you pay your credit card bill on time!

Furthermore, make sure to look for fees, both nationally and most certainly internationally. Finally, and most importantly, make sure the travel rewards are maxed out. One might concede on the fees if you for instance receive a few hundred bucks more in travel rewards from one credit card over another. Take your time in choosing, and before you know it, you can live the dream travelling - just a lot cheaper than before!