Pleasant and comfortable travel requires prior planning. While you may take into account all the intricate details of the trip, what remains at its core is robust and well-thought-out financial planning.
And guess what? Using a travel-friendly credit card can be the best financial decision you can make in favor of your travel. The use of credit cards has several benefits that come handy when in transit.
In fact, several banks and financial institutions offer credit cards that have been designed specifically for globetrotters. In this post, we discuss some of the best travel-friendly features of credit cards and how they can help.
Flexibility, With Safety!
Flexibility in travel is so very important. Whether it is the flexibility of purchasing food, stay, transportation, or financial usage. What if we tell you that the last part is automatically taken care of for you when using a credit card. Yes, almost all credit cards offer a great deal of flexibility.
A credit card lets you make payments through different merchants and payment gateways, as the case may be. So, you no longer have to find yourself in a tricky situation when you want to shop but just can’t make the payment!
The best part about credit cards is that all this flexibility comes with added safety and security that is much needed on a trip. While cash can be stolen or lost, it is highly unlikely with your credit card. And even if it does, you can block it straight away, and your money will be safe!
Zero Foreign Transaction and Currency Exchange Fees
When you travel overseas or shop in a foreign land, there are two types of additional fees that you have to pay – currency exchange fee and foreign transaction fee. This can lie anywhere between 1 to 5 percent, and actually amount up to a huge sum. But, wait a minute!
You can save yourself from all these overheads if you are using a credit card while traveling. Most credit cards offer the benefit of zero foreign transaction fees. Moreover, you get exempted from the currency exchange fees when buying the foreign currency using your credit card.
Travel and Rental Insurance
Insurance is an integral part of traveling in the 21st century, and you can’t risk going without it. However, it is interesting to note how a larger part of your travel insurance needs get covered automatically using a credit card.
Let’s say you rent a car to travel using your credit card. You will get complimentary insurance on that as part of your credit card privilege. Similar privileges also apply to flight booking cancellations, and foreign purchase of electronics, etc.
In many cases, medical and health insurance is also offered as part of your credit card offerings. This is something you normally have to pay extra for if you use other methods to take care of your transaction. Credit card companies include this bonus so that using their credit card makes more sense.
And it certainly does if you can save on a few bucks on things like insurance that you would have to purchase on your own otherwise.
Takeaway
Using a credit card for your trips can prove to be a great boon. Not only it can help you save a lot of unnecessary expenses, but it also offers you privileges that you won’t get easily anywhere else. So, what are you waiting for?
You can apply for a credit card today, and get ready to give yourself a better, more comfortable, and financially-pleasant traveling experience. One you can return home from and feel good about.
