More Than Finances

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Travel Plans and Credit Cards

Planning a holiday, a business trip or just a jaunt away from home can seem complicated and fraught with details, but utilizing your credit cards is a good way to head off any major problems. From the mode of travel to accommodations and everything in between, a credit card can really be the “ace in the hole” when it comes to traveling. Here are some tips about travel plans and credit cards that can ease the pain of packing up and traipsing off around the countryside:

Spending Money to Save Money

If you’re flying to where you want to go, it makes sense to reserve your flight as far ahead of time as possible and to use the credit card in your arsenal that gives you the best return. Many cards will give you free air miles, good for future trips. Some credit cards allow you to transfer air miles to another party, which can come in handy in case of emergency. If you’re planning more than one trip in a year, this can really pay off. If you travel a lot for business, you can bank these air miles to use for a fun vacation trip for you or even the family, which makes those work trips a lot easier to take.

Know Your Perks

Many of the benefits of your credit card can be buried in the fine print. Take a good look at what the different credit cards offer – could be you’re sitting on a windfall and don’t even know it. Some credit cards offer free travel insurance, free rentals on vehicles, discounts on room expenses or money back when you spend a certain amount. If you don’t know about these deals, you can’t take advantage of them, so it can pay to take a few minutes and examine the benefits your credit card offers.

Be Smart About Spending

While they are convenient and can offer extra perks, you still want to be smart about using credit cards for travel to avoid paying those high interest fees which can result in your trip costing you more in the long run. Minimum payments are not the best way to handle your credit debt – it’s best if you don’t charge more than you can pay off at the end of the month. And you sure don’t want to incur late fees. Be smart – try to plan to pay off your balance before your payment date comes due. Have you thought about setting up a direct debit to cover your back.

A little bit of planning ahead of time can really take a lot of the stress out of traveling. The main things to keep in mind are to be aware of the advantages and the limits of your credit card, consider the perks and to keep your balance in check. Although this strategy doesn’t help you with the onerous task of packing or suffering from jet lag, it can help you navigate traveling expenses and turn the tide in your favor.

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  1. Pingback: What is Cash Back? A Brief Intro to 2019's Best Cash Back Credit CardsMore Than Finances

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