4 Ways You Can Save On Travel With Your Credit Cards
By: Gerry Ong | 15th August 2017
Like/ Follow us on Facebook/ Twitter To See More Cool Posts!
Are you about to make a trip overseas? Planning for a special vacation with kids during the December holidays? Pick the perfect travel credit card and save big on your next holiday with our guide to the 4 ways you can save on travel with credit cards!
Get Free Travel Insurance With Your Credit Cards
Check buying travel insurance off the list with credit cards that provide free Travel insurance. Increasingly, there are several credit cards that provide you with full travel insurance when you charge your travel package or flight to your credit card.
For those of you who are wondering about the degree of coverage, you’ll be happy to note that these credit cards do provide fairly comprehensive coverage, with Citibank providing sums insured that can go up to $1 Million and coverage that includes any accompanying dependent children.
So stop spending on travel insurance and receive free and comprehensive travel insurance and buy your family a nice meal.
It’s All About The Miles, Miles, Miles
The primary concern for most local travellers is their miles. Trying to get the most miles per dollar just makes sense, everyone wants to get more bang for their buck, so what should you consider when choosing a miles card?
- Consider The Miles Cap
Most cards have a limit on how many miles you can earn, so pick a miles card that suits your spending habits!
- Know Your Miles Tiers
Most credit cards offer different tiers of mile per dollar spent, so that advertised promotion rate of 10 or more miles per dollar spent may end up yielding you much less
- Pick A Card That Fits Your Type Of Spending
Credit card mile earn rates often hinge on the type of spending you have, with certain categories worth more miles (E.g. You may earn 1.2 Miles for every dollar spent on local transactions but 3 miles on Online flight and hotel transactions). Pick a card that gives you the most miles for the type of spending that you incur!
Look Out For Special Discounts And Perks
Most travel cards now have special tie ups with popular travel sites such as Expedia, Agoda and Booking.com. Always be on the lookout for new promotions and tie ups with credit cards as well as different perks that are offered from time to time. Be on the lookout for special promotions and tie-ups with apps like Cardable that keep you updated on the different Credit Card promotions that are available.
Look Out For Awesome Signup Bonuses
Credit card companies love offering great gifts when you signup for a new card, like HSBC’s free luggage on select credit cards. Be on the lookout in particular for great miles promotions like Citibank’s PremierMiles Visa Card that offers up to 42,000 miles on signup! Or get a free return trip to Krabi with DBS’s Altitude Visa Signature Card just by signing up! Check out the best signup bonuses here at EasyRates and find the best travel credit cards for you!
We hope that we’ve helped you understand how you can save on your next trip with credit cards. If you think we’ve left something important out, feel free to drop us a comment below. Love what we wrote? Share us on Facebook or Twitter!
EasyRates is Singapore’s preferred portal for home loans, refinancing, equity loans, overseas loans, personal and business loans, having long standing partnerships with more than 20 banks. Our experienced consultants are advocates for our customers and work hard to ensure you get the best packages available. The best part? Our services are 100% free of charge. Here at EasyRates we pride ourselves on providing unbiased advice on all loans and financial products and putting our customers above all else. So what are you waiting for? Get a FREE Mortgage consultation today!
About the author
Gerry has spent time working in 5 different banks in various capacities, across a range of functions from back to middle and front office. After leaving banking, he spent time working on market research for consumer banking with a focus on the Chinese and Singapore market. He now serves as a home loan consultant and business manager of Easyrates.