How to Choose a Travel Credit Card That Fits Your Needs
Credit cards are practically powerful cards that are very useful for conducting financial transactions. Likewise when you are on vacation, traveling at home and abroad. No need to carry lots of cash, just use a credit card to shop, pay for food, hotel, and so on.
Currently there is such a thing as a travel credit card. Useful for those of you who like pleasure. You can benefit from the ownership and use of these credit cards, such as promos, discounts, cashback, to exchange reward points for free lounge facilities at the airport, free holiday vouchers, and many others.
A flood of promos from issuing banks will definitely tempt you. Not bad, you can walk for free or low prices. Save money on airline tickets, hotels, meals at restaurants. But remember yes, use credit cards wisely, discipline to pay bills every month, don’t be late if you don’t want to be fined.
1. Credit Card Application Bonus
Usually credit card issuing banks provide welcome bonuses in the form of free points or miles , gifts, cashback , to discounted vouchers , or free food and drink at selected merchants when an application is approved.
Eits, don’t be fooled. Sometimes these attractive promos or bonuses include terms and conditions. For example, for a minimum spending umpteen rupiah, deh be a bonus. So always consider the minimum purchase when you apply for a credit card.
Look at your financial ability, because if forced it will cause spending to swell. Do not spend money just to get bonus points or other prizes that are not in accordance with your financial capabilities.
2. How to collect points
Ask the credit card issuing bank, how to collect reward points. What transactions can gain a lot of points, how to exchange them, and what items can be exchanged. This reward point program is indeed very profitable. But again there must be terms and conditions that must be met.
3. Annual Credit Card Fees
Another thing to consider when applying for a credit card is an annual fee. Many people choose travel credit cards with low annual fees, even free forever. There is also a travel credit card with a high annual fee that is worth it with lots of benefits. So, entirely the decision is yours to choose which travel credit card. Of course, it must be adjusted to your needs and abilities.
4. Overseas Transaction Fees
Having a credit card can be used abroad, shopping for souvenirs, eating and drinking in restaurants, traveling to tourist attractions, and other transactions. But behind the convenience, there is usually a transaction fee. Additional costs for overseas transactions you need to ask the bank or customer service fintech aggregator before choosing a travel credit card. Do not get to shop at will, high cost trapped, the bill makes heartache.
5. Facilities offered
This one is equally important. Ask about various facilities and benefits obtained if you hold a travel credit card. Are there free vacation vouchers, restaurant cashback meals, discount airplane tickets, and so on. This is very influential to determine the next vacation budget. Choose a travel credit card with benefits that suit you.
6. Adjust to the Lifestyle
Before applying for a travel credit card, adjust interest, annual fees, and credit card limits with monthly income. Do not submit a credit card with high interest rates and large limits, while a mediocre income. In addition, adjust also your lifestyle. Do not let ya have a credit card instead wasteful. Remember that debt must be repaid, so keep using a credit card with full responsibility.
Resist the Temptation, Don’t Waste it During the Holidays
Indeed, you can trade at will with a credit card during the holidays, but remember there are installments waiting when you go home. Therefore, do not be tempted to shop a lot during the holidays. Arrange expenses as economically as possible so that future credit card bills don’t affect your salary too much.