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30 JUNE, 2022
Some folks only use one credit card for everything. Others use several credit cards & switch between them to get the most cashback & reward points.
Having a single credit card makes it easy to keep track of spending & manage obligations.
Further, it might be enough if the card has a good rewards programme.
Meanwhile, having various credit cards has the advantage of allowing one to take advantage of different benefits.
Holding numerous cards can also allow greater flexibility in handling various bills and their specific due dates. One card that has evolved is travel credit cards.
These cards, together with co-branded cards, like airline or hotel-branded cards, have changed the landscape of credit card reward points, making them more unique than their general rewards counterparts. For example, Kotak IndiGo Ka-ching 6E Rewards XL Credit Card or Kotak IndiGo Ka-ching 6E Rewards Credit Card are great options.
Thus, it is crucial to select the best travel credit card in India.
What exactly is a travel credit card, and how does it function?
A travel credit card is a reward card designed exclusively for travellers.
The best travel credit cards are the ones that offer rewards for spending money on travel-related purchases.
These cards can be used on hotels, flights, cruises, auto rentals, and restaurants, among other places.
Frequent travellers who wish to save money on future travels will benefit from travel credit cards.
A regular credit card offers cashback or points that can be used for gift cards, items, or savings. The perks of a travel credit card are exclusive to travel.
Each credit card company’s schemes are a little different, but they generally get points for every rupee spent on a card.
Spending on qualified products like airline tickets, hotels, and other travel expenses can usually earn a person bonus points or miles.
When the person has collected many points/miles, they can put them toward an airline ticket or a hotel stay or transfer them to a partner hotel or airline rewards scheme.
They can efficiently build up to a free getaway by travelling and paying.
Pros of travel cards
A few pros of using the best travel credit card are:
The list goes on and on, with everything from welcome packages to limitless access to airport lounges and fee discounts.
Air miles can be traded for points on domestic and international airlines. Some travel cards also come with free tickets on specific airlines.
Not only do they keep track of all of their spending, but they also provide some great perks that save money.
Types of travel credit cards
A travel credit card allows accumulating points or miles that one may spend for things like commuting, shopping, & ATM withdrawals.
Travel cards come in a variety of sizes and formats, each with its own set of features.
An airline and a credit card provider work together to create airline credit cards.
Spending money can earn cardholder points or miles that can be redeemed for free flights on that airline and as travel privileges such as priority boarding, waived baggage costs, and access to airport lounges.
These can be a nice alternative if cardholders frequently fly with a single airline.
A hotel chain and a credit card business collaborate on these cards.
Late check-outs, complimentary breakfast, and hotel upgrades are just a few of the goodies that come with earning points.
These sorts of travel cards give points or miles that can be used for cashback on travel and other purchases.
The miles can then be used for travel by cardholders.
These cards have the advantage of not requiring the cardholder to be a frequent flyer or hotel guest to receive points.
What factors should you consider while selecting a travel credit card?
When looking for the best travel credit card, keep these factors in mind.
A larger sign-up bonus may assist them in paying for their impending vacation.
Annual charge cards tend to feature great perks and may earn back rewards faster, but make sure to use them to justify the fee.
So, one will need to assess their spending habits and select a programme that best suits their needs.
If cardholders regularly find themselves on the road or making various purchases that they can later expense, a travel credit card is a great way to save time and money.
The best place to start the search is an online comparison.
There, they can seek information about interest rates, perks, fees, etc., for a range of travel cards offered by some of the most popular financial institutions in the country.
Once they have done that research, only then do they need to start thinking about applying for one of these cards to reap the rewards of their efforts in finding the perfect travel credit card for themselves.
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