Choosing the Right Credit Card
Using travel credit cards is an excellent way to benefit from travel-related perks. Travel credit cards allow you to accumulate points or Air/Aeroplan miles for purchases charged to the card. Once you've earned enough points or Air/Aeroplan miles, you can often redeem them for flights or savings on travel expenses including hotel stay, rental cars or even entertainment events while on your vacation or business trip.
Some travel credit cards will offer generous sign-up bonuses or introductory bonus points or Air/Aeroplan miles on your first purchase or after meeting an initial spending threshold. In some cases the bonus points/miles are enough for a short round-trip flight. Also, many of the credit card companies will allow you to pay for part of the flight with cash, and the rest with your points/miles.
Certain travel credit cards are of the 'Frequent Flyer' variety, so if you travel regularly make sure the card you select rewards you accordingly. If you are a business owner or do regular work-related travel, you might want to select a business travel credit card to earn rewards on your next client visit or conference.
There are several things to be aware of before you select a travel credit card. There are cards that have specific affiliations with airlines, which may limit your choice of carriers, locations and times. Other cards will have a wider selection of airlines and more scheduling flexibility.
Different travel credit cards also handle redeeming points/miles differently. While some travel cards allow you to book travel through the card issuer's website, others have partnerships with travel agencies, and some even provide you with the flexibility to book your travel plans at the agency/website of your choice.
There are numerous selections and options available when choosing a travel credit card. In comparing travel credit cards, some credit card companies will offer incentives such as seat upgrades, access to airline lounges, trip cancellation/interruption insurance, rental car insurance and several other benefits.
As always, one must consider if these perks and benefits warrant the annual fee sometimes charged, the interest rate that's in effect, and the payment grace period. Essentially, review the terms and conditions carefully before choosing your travel credit card.