June Casagrande, NerdWallet Published 3:30 pm CDT, Friday, May 10, 2019 This article was first published on NerdWallet.com. You saw an irresistible credit card offer — tens of thousands of bonus points or miles easily worth a plane ticket or short hotel stay. You seized the opportunity, earned the sign-up points and enjoyed them to their fullest. Now, you’re left holding a credit card that likely will never pay off that big again. No more five-figure points bonuses, just a syrup-slow process of earning miles as you shop, accumulating one or two points for every dollar you spend at a pace that probably won’t get you another free trip for years. Worse, you’re paying an annual fee just to hold the card. If you don’t earn those points or miles fast enough, your costs could outpace your rewards. Many who jump at a credit card sign-up bonus end up here, and the credit card issuers count on it. After all, they’re in business to make money, … [Read more...] about 8 Ways to Keep Your Travel Credit Card Working for You
Best rewards cards for travel
Every once in a while I’ll be on a tour or staying at a hotel where I can’t help but hear the conversations around me. Sometimes I hear something that makes me stop what I’m doing and listen. The latest happened on a trip to Peru recently when one traveler asked, in amazement, “Why would you use a debit card to pay for an $8,000 tour? Are you out of your mind?!” The recipient of this question mumbled something about responsible spending and not going into debt, but the others at the table hit him with a barrage of arguments that had him saying, “Okay, OKAY—I get it. So what card should I get?” On the one hand, you’ve got to admire a guy who got to retirement age without putting things on a credit card. That restraint and fiscal responsibility are admirable. On the other hand, half the people at that table I was eavesdropping on had not paid for their flight—they cashed in miles to get to Peru. This guy, on the other hand, had … [Read more...] about Are You Getting All the Credit Card Perks for Travelers?
Don't let any of these myths prevent you from making the most of available travel rewards:Myth 1: Travel rewards credit cards have high annual fees.Some travel rewards cards have no annual fee. Many charge in the neighborhood of $95 a year. Usually that fee can be offset by using the cards' perks: free checked bags for airline-branded cards, for example, or a free night's stay every year for hotel-branded cards. Even the high-end cards with annual fees of $450 and up typically offer airport lounge access, credits to offset travel fees and higher rewards rates that can more than pay for the card if you're the right user. Myth 2: Travel rewards are hard to redeem.Finding free or upgraded airline flights can be a challenge, especially for people who don't plan well ahead. The best time to book a rewards flight is typically 9 to 12 months in advance, when the airlines first make such seats available. (It also pays to check back frequently, since carriers may add more awards seats … [Read more...] about 5 tips for making the most of travel rewards cards
30 Jan The Best Credit Cards With Travel Benefits Posted at 19:26h in Blog by Victoria Traveling can be a leading pathway to a fun and successful life. If you have the right credit card, then you will be able to get rewarded for traveling. There are a number of credit cards that have great travel benefits.Capital One Venture Rewards Credit Cardexcellent credit in order to apply for this card. Your credit score should be at least 670. The annual fee is $95, but it will waived during the first year. The interest rate can range from 15.24 to 25.24 percent.Chase Sapphire Preferred Credit Cardcredit score should be at least 690. The annual fee, which is $95, will be waived during the first year.Barclay Arrival Plus World Elite MasterCardWells Fargo Propel American Express CardBank of America Cash Rewards Credit Card Like this post? Share It! … [Read more...] about The Best Credit Cards With Travel Benefits
Robin Saks Frankel, NerdWallet Published 8:16 am CST, Tuesday, January 8, 2019 This article was first published on NerdWallet.com. New Year’s resolutions are about goal-setting: You want to lose those extra pounds, achieve that financial target or reach a professional milestone. While we can’t help you with your boss or your keto diet, we can help you use your credit cards in a way that will benefit your financial life in the new year. Read on for some resolutions that can have a positive impact on your wallet. Go on a debt diet NerdWallet’s 2018 analysis of U.S. household debt shows that the average household with credit card debt has an estimated $6,929 in revolving balances, or balances that carry from one month to the next. That figure may not seem overwhelming by itself, but combined with other obligations like student loans, mortgages and car payments, total debt can quickly spiral out of hand. If you’ve got sizable … [Read more...] about NerdWallet’s Best Credit Card Tips for January 2019