Have you been hesitant about signing up for a travel credit card? Embarking on a journey of financial empowerment and travel adventures often involves a lot of questions and confusion. In regards to credit card myths can obscure the incredible benefits that these cards offer.
Let’s uncover the most common credit card myths and why this could be a great idea for you! From unlocking exclusive rewards to providing unparalleled peace of mind, a travel credit card might just be the missing piece in your travel puzzle. Let’s separate fact from fiction and embark on a journey to financial freedom and boundless exploration!
Common Travel Credit Card Myths?
1. “I don’t travel enough for a travel credit card”
There are other advantages besides redeeming for flights/hotels, such as cashback on everyday purchases, insurance and discounts on dining and entertainment.
2. “Travel Credit Cards are expensive and have high annual fees”
Each card has its own annual fee, but sometimes the benefits of the card outweigh the fees. While free travel credit cards are an option, usually the perks aren’t as good! Depending on the card you select, most of the time you make your money back quickly-some cards even waive the first year’s annual fees!
3. I tried looking into it but it was too complicated and restrictive when redeeming points!”
There’re many different types of credit cards, so it can be challenging to pick the best one. You want to make sure you find the best credit card for YOU. Look at the offerings, advantages and disadvantages of the card. Points or miles can often be used for a variety of travel expenses, including flights, hotels, rental cars, and more, with minimal restrictions.
4. “It’s only beneficial for luxury travelers”
Some credit cards are specifically for luxury which include airport lounge access and concierge services, but many options can also benefit budget-cautious travelers. From waived foreign transaction fees to complimentary hotel stays, there are travel credit cards to suit a variety of travel styles and budgets.
5. “I don’t use credit cards when I travel due to fraud and other security issues”
Maybe you’re someone who’s cautious of using credit cards because you’ve been compromised in the past. These days most credit cards include security features including fraud protection and zero-liability for unauthorized purchases. As a step of precaution, let your credit card company know the dates you are travelling and keep an eye out for possible suspicious activity on the account and contact your bank immediately.
6. “I don’t want to hurt my credit score/I’m trying to build up my credit score”
As long as you’re being responsible with credit cards and can make payments on time/pay off balance before its due date, you can have more than one credit card. Having more than one credit can also help with your score!
Not sure what your credit score is? If you have online banking, sometimes you can find it through your current credit card provider. Otherwise, you can check your score at creditkarama.com
Myth Debunked?
By debunking these misconceptions, we’ve revealed the true value and benefits that travel credit cards bring! Now that you’ve gained more insight, it’s time to take the next step in your financial journey.
If you’re ready to dive deeper into the world of travel credit cards, don’t miss out on our guide to the eight best travel credit cards in Canada. These top picks combine enticing rewards, robust benefits, and unparalleled perks to elevate your travel experiences and make every journey unforgettable. Whether you’re chasing points for your next dream vacation or seeking comprehensive insurance coverage for peace of mind, there’s a perfect card waiting for you.
Check out The Best Travel Credit Cards in Canada – Here’s 8 to help you decide!
Stay tuned to ‘Elle and the City’ for more expert tips, guides, and recommendations to help you navigate the intersection of finance and travel. Your next adventure starts here!”
