Thursday, November 03, 2011

Choosing The Best Credit Card For Travel Rewards

 During my golfing days, I traveled a lot for competitions. I haven't traveled anyway since I had kids. If you do a lot of traveling or love to travel, it only makes sense to own a credit card for travel rewards.    

There are so many options out there that it can be confusing. How do you choose the best card? That depends on your lifestyle and the kind of rewards you prefer.

Here are a few questions to ask as you are trying to make a selection.
  • Is it easy to redeem the points?
  • What can you redeem the points for? Is it just travel or can you also redeem cash or merchandise?
  • What is the point earning potential? Obviously, you want a card that will give you many points for every dollar you spend. Some offer 2-3 points per dollar. Some even give you 3-5 points on certain purchases. You may even get 10 points per dollar for dining at their specified restaurants.
  • What is the annual fee? There are cards that do not charge an annual fee.
  • Are there restrictions and limitations? Check if there are blackout dates or seat restrictions. You want a card that gives you the flexibility to fly anytime and with any airline.
  • What are the perks? Maybe there is complementary domestic and overseas travel insurance, special travel deals, concierge service or airport lounge access.
The more well known travel credit cards are The Capital One Venture Card, Blue Sky, American Express Platinum Card, Discover Escape, Discover Miles and Delta SkyMiles Card by American Express.

With so many to choose from, you'll definitely find one that suits your need. It also helps to ask your friends who like to travel what card they are using.

If you are planning to take a trip, The U.S. Bureau of Consular Affairs have information on international travel, passports and visas. You'll also find currency exchange rates, travel warning, health information, entry requirements and more over at usa.gov international travel.

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