Should You Get a Travel Credit Card Even If You Don’t Travel Much?
Frequent travellers, especially those looking to save money on their trips, know the great benefits of travel credit cards, such as rewards points and discounts on travel expenses. But should someone who doesn’t travel much get a travel credit card?
This article will answer this question by exploring the pros and cons of travel credit cards for a nonfrequent traveller to help determine if they’re worth it for your specific needs.
Are Travel Credit Cards Worth it if You Are Not a Frequent Traveller?
One of the main benefits of travel credit cards is the reward points or miles you can earn with every purchase. These points can be redeemed for travel-related expenses such as flights, hotel stays and car rentals. Some credit cards even offer bonus points for signing up, which can help you earn rewards faster.
Additionally, many travel credit cards offer perks such as airport lounge access, travel insurance, and discounts on other travel-related expenses.
Another benefit of travel credit cards is that they can help build your credit score. By making regular payments on your credit card, you can show lenders that you are a responsible borrower, improving your chances of getting approved for a loan or other types of credit.
However, for people who do not travel much, the answer isn’t the same.
A nonfrequent traveller may not be able to use a travel credit card to their advantage as they cannot earn miles or bonus points for purchases or enjoy the many perks, such as airline fees, hotel stays, and other benefits. Why? Because they don’t use their travel credit cards enough to earn those points.
Similarly, they won’t get maximum value for their hard-earned rewards for redeeming their miles or points for purchases not related to travel.
One of the main concerns is the high annual fees charged by some travel credit cards.
Depending on the card, these fees can range from a few hundred dollars to over a thousand dollars per year. This can make it difficult to justify the cost of the card if you’re not a frequent traveller or aren’t spending enough to earn rewards points that outweigh the cost of the annual fee.
Another potential downside of travel credit cards is that they often come with high-interest rates. Carrying a balance on your card from month to month can cost you much higher interest charges than your rewards points, negating any benefits you may have received from the card.
Moreover, if you prefer to pay with cash or a debit card or have a history of overspending on credit cards, a travel credit card may not be the right choice for you.
Should You Get a Travel Credit Card?
The answer to this question ultimately depends on your preference and travel habits. If you’re a frequent traveller who spends a lot on travel expenses and uses the card wisely, a travel credit card can be a great way to earn rewards points and save money on your travels. And if you’re someone who doesn’t travel often or spend enough to justify the annual fee, a travel credit card might not be the best choice for you. You may opt for a normal credit card that offers rewards in the form of cash back for shopping.
Therefore, before deciding whether or not to apply for a travel credit card, carefully consider your needs and travel habits. Reach out to Great Canadian Rebates for information on some of the best Canadian cash back credit cards with low interest and no annual fee, and choose the one that best suits your financial goals. Moreover, if you apply through their website and get approved, you can also earn generous credit card cash back.
Visit the website today for more information.
