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Travel Reward Card - How to Choose the Best Travel Reward Card

Is Your Travel Reward Card Working For You?

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When it comes to choosing a travel reward card the sheer number of options out there can be overwhelming. How can you be sure you’re using the travel credit card that’s best for you? Not all travel rewards credit cards are created equal and knowing which one best serves your needs means understanding the differences between them. Before you sign up for any travel reward card there are some things you need to know.

What Are Your Spending Habits?
Before you can decide which travel reward card is right for you, you’ll need to assess your spending habits. Do you pay your credit card bill in full each month? Then your choice of travel reward cards is wide open. If, however, you carry a balance on your credit cards you’re going to want to stick with the travel credit cards that offer lower interest rates in lieu of generous rewards.

Avoid Annual Fees
There are some travel rewards cards out there charging annual fees of $60 or more. Unless you charge ten thousand dollars a year or more on your credit card, chances are you won’t recoup the annual fees or benefit from the rewards the travel reward card has to offer. Because of this you’ll want to look for rewards credit cards that don’t charge annual fees. There are enough of them out there to warrant it.

Check Limits
Some travel rewards cards put a cap on the number of points or miles you can earn each year. If you charge $20,000 per year to your travel reward card and receive a point or mile for every dollar you spend you should have 20,000 points or miles at the end of the year. If, however, your rewards card puts a cap of 10,000 points or miles on your card annually, you are technically losing 10,000 rewards points or miles each year.

Compare Rewards
The last step in choosing a travel reward card is to determine which type of rewards you prefer. Some cards offer airline miles while others offer points that are redeemable for miles or products and services. Other travel cards even offer cash rebates, allowing you to spend your travel rewards the way you want. Determine exactly how you want to use your travel rewards and find the card that best fits your needs.

It doesn’t have to feel like you’re looking for a needle in a haystack when trying to find the best travel reward card. Just keep the above advice in mind when comparing your options and you’ll be able to find the card that best matches your needs and spending habits.

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