Whether it’s for security reasons or convenience, having a credit card is the best decision any traveler can ever make.
Not only do they make your shopping and purchases easy, but they also come with other perks and the security of emergency funds in case the need arises.
If you are planning to go for a trip or you are a frequent traveler, a credit card should be on your radar. Here are three reasons why every traveler ought to use a credit card while they travel.
Rental and Travel Insurance Perks
If you are a frequent traveler, or if you are on the road at least more than once in a year, having a credit card with travel insurance will go a long way.
This coverage helps when a trip is canceled or you have flight delays, interruptions, or medical challenges. Some credit cards also offer insurance on car rentals. To get these benefits, you need to make sure to use your credit card to pay for the services you would like covered.
To find out if this type of card really is a better deal, do the math and find out if the annual fee is less than what you will spend on private coverage. If that is the case, then having a credit card with travel insurance will save you money and time.
Increased Safety and Security
Tourists are easy targets for scammers. As such, using a credit card for payments abroad can save you. For example, when a scammer uses your debit card, the money goes out of your account instantly.
However, if you notice your credit card is missing, you can alert the bank before any money is taken out of your account. Your bank can also flag and monitor any unauthorized transactions and prevent you from having to pay for them and losing money.
Rewards Programs and Privileged Services
Most travel credit cards offer rewards programs in the form of cashback or points. You then can either exchange these points for gift cards, travel discounts, or even rebates on some banking products.
Some cards also offer purchase protection on major items purchased using your credit card that are damaged or stolen. Many cards today offer mobile phone insurance against lost or stolen devices if the device was paid for using the card.
If you a frequent traveler, you will appreciate the reimbursement of baggage check, parking fees, or even seat selection fees which come with some travel credit cards. Some credit cards also allow you to access airport lounges and other concierge services.
Bottom Line
To enjoy the benefits that come with credit cards, you must be disciplined to pay every month and in full. Hopefully, you now understand the reasons you should use your credit card while you are traveling.