And that’s just the tip of the iceberg.
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Of course, all these perks came at a cost.
Should you get a travel rewards card?
If you travel a few times a year, then yes.
Travel credit cards are great tools for making your trips less stressful and in some cases, less expensive.
Which travel card you should get depends on which one provides you with the most valuable rewards and benefits.
What are the benefits of travel rewards credit cards?
Travel rewards cards are designed for a few purposes.
Some even let youearn a companion pass.
Using your points rather than cash to book travel can limit your travel expenses.
You’ll have to check the card’s guide to benefits for the specific details.
TSA PreCheck or Global Entry:Some credit cards will offer a credit for TSA PreCheck or Global Entry.
TSA PreCheck helps you get through security lines at the airport faster, while Global Entry expedites immigration.
Lounge access:A perk common among premium travel cards, some credit cards offer access to airport lounges.
There, you might wait for your flight in comfort with refreshments and private work areas.
Most travel credit cards don’t have foreign transaction fees.
That means your spending generates enough rewards to cover the fee and you use the card benefits.
Rewards:A travel credit card’s rewards are one of the most important things to consider.
Choose a credit card that matches your travel budget and spending habits to avoid overspending.
Travel perks:And lastly, consider the card’s additional perks.
Does it offer annual statement credits?
How about amenities like airport lounge access or anapplication fee credit for Global Entry or TSA PreCheck?
You also want to consider the bang out of rewards the card earns, said credit card expertJulia Menez.
Choose your destination, then check which jot down of points will most effectively cover the cost.
According to credit expertDaniel Braun, the best way to do that is to redeem your rewards strategically.
What are travel points and miles worth?
Thevalue of points and miles will varydepending on the card and how you redeem them.
FAQs
Do travel credit card rewards expire?
Are travel rewards taxable?
No, the IRS categorizescredit card reward redemption as non-taxable.
How many miles do you should probably earn a free flight?
It varies from airline to airline.
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