2024 Summer Getaway: Save With a Travel Rewards Credit Card

July 8, 2024 By: Stephanie H. - CreditMonarch Online Writer0 comments

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While a summer vacation can provide a much-needed escape, the cost of travel can quickly escalate. If you’re looking for a last-minute summer getaway that doesn’t cost a fortune, I’ve got good news for you. Credit card rewards can serve as a source of funding for your travel expenses. By doing this, you can lower your vacation expenses and have more fun on your trip without feeling any financial strain.

By having the right credit card in your wallet, you can earn rewards when you use it to make everyday purchases. There are plenty of credit cards that offer rewards that are highly rated and available for you on our site. If you plan on using your rewards to pay for travel expenses, like hotel stays and flights, it’s a good idea to apply for a top-rated travel rewards credit card. Review the details of each credit card when exploring options to select one that meets your needs and goals.

Knowing how a credit card earns rewards is essential. Credit cards can offer rewards at a flat rate on all purchases, while others offer bonus rewards in specific categories such as dining or travel. By understanding how the card earns rewards, you can select a card that is compatible with your typical spending habits and maximize your rewards.

Rewards credit cards do not all function in the same way. There are those who provide cash back rewards that are credited to your account as a statement credit, while there are others who give you multiple redemption options. Certain travel cards permit cardholders to utilize their rewards for travel by reserving through a travel portal. Other travel cards permit you to earn rewards by transferring them to a select airline or hotel partner. Select a card that offers redemption methods that are suitable for your needs.

There are rewards credit cards that offer a variety of travel benefits, like credits for TSA PreCheck or airport lounge access. Selecting a credit card that has benefits you find valuable is wise. If the provided benefits are not beneficial to you, think about getting another card with different benefits instead.

If you’re considering a rewards credit card with significant benefits, you might have to pay a yearly fee to utilize it. Be mindful of the annual fee before you apply for a credit card. Make certain that the fee is affordable and that the benefits are compatible with the cost of using the credit card. Ready to plan your summer getaway? Check out our list below of the most popular travel rewards credit cards.

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• Cash Back
• No annual fee
• Rewards credit card
• Travel Credit Card