What to Look for for a Good Travel Credit Card
If you use them responsibly, credit cards can really be helpful in your financial life. For example, if you’re traveling , you can swipe your finger across the plastic without worrying about exchanging cash or paying ATM fees. However, there are a few things to look out for in a good travel pass.
Overseas transaction fees can increase, so you should make sure your card does not allow you to use it outside the country. In addition to this, Credit.com lists a few more features to look out for:
Well, for starters, it’d be great if it didn’t offer any international transaction fees and some safeguards while you travel. For example, some cards offer travel cancellation and baggage loss insurance. Some of them cover Global Entry application fees, which can make your travel easier at the points of entry. Some cards also offer car rental insurance (which may differ depending on the country). Reward cards offer extra points for booking flights directly with the carrier, and also offer entry to airport lounges, which can be especially useful if you need a quiet place to relax and maybe even a shower.
The only problem is that some of these benefits only come with cards that charge an annual fee. However, in some cases, card benefits may actually cover fees (for example, if the card offers a higher than average cashback or travel reward return). You want to assess your own priorities, but in general, make sure that your travel card does not charge any foreign transaction fees and offers some sort of insurance. Many cards also offer car rental insurance. Either way, you also want to read the fine print of your map so you know exactly what is covered and what is not . Go to the full post for more details.
Looking to take a vacation and travel? These Credit Cards Can Help | Credit.com