Benefits Of Having A Travel Credit Card

Travel credit cards are specifically created credit cards that offer the most benefits to cardholders who travel frequently. Along with privileges like complimentary lounge access, air mile earning, and co-branded advantages with airlines and travel partners, travel credit cards give accelerated rewards on travel. Rewards and bonuses mostly depend on the card type you choose; however, the majority of travel credit card issuers work with an airline or a travel website to provide you with the best traveling perks. 

The main benefits of having a Travel credit card are as follows:

No charges for international transactions:

Every time you use your credit or debit card abroad or to make a transaction in a foreign currency, the majority of them impose a transaction fee. The cost is often around 3% of the transaction value, which is a large number and can soon add up to a significant portion of your monthly credit card bills. The best travel credit cards in India will have no foreign transaction fees, which is why travel credit cards can be a lifesaver for international travel. 

Also Read about Best Forex Cards In India

Insurance against misplaced luggage:

Lost luggage while traveling? The worst situation one can be in. Believe it or not, it happens quite frequently for one reason or another. Travel credit cards are useful in situations like this. In India, Credit Cards now include luggage protection as an added benefit. This function not only gives us a much-needed sense of security during our plane travels but also aids in recovering some of the expenses of our delayed or lost possessions. 

Earn points:

Numerous travel credit cards enable users to receive extra points on travel-related transactions like airline tickets, lodging, auto rentals, rail tickets, and sometimes even on ride-sharing services or taxis. For instance, the HDFC Regalia Credit Card offers 6 complimentary airport lounge access outside of India and 12 complimentary lounge access inside India. This card also provides a bonus of 10,000 reward points on expenditures of Rs. 5 lakh and an extra 5,000 reward points on expenditures of Rs. 8 lakhs in a year plus for every Rs. 150 you spend, you earn 4 reward points.

Lounge access:

Users who have travel credit cards enjoy access to both domestic and foreign lounges. Most premium credit cards typically offer these features as well, although the number of visits is frequently restricted, whereas travel credit cards offer a higher number of visits.

Also check out Best Travel Credit Cards in India

Welcome bonus:

A welcome bonus or sign-up bonus is a common perk that most credit cards offer. Applying for a new travel credit card and exceeding the spend requirement to receive the introductory bonus is one of the best ways to move closer to earning that complimentary trip or hotel stay. And these bonuses may actually justify the yearly expenses.

Depending on how often you travel, a credit card with travel rewards can be beneficial for you. A travel credit card is an excellent choice if your credit is excellent, you are confident in your ability to make timely payments, and can devote the necessary time to make the most of the perks and advantages these cards have to offer.