Is investing in a travel Credit Card a good idea?

If you are worried about your spending on travel, get a travel credit card. Here is how it can help your finances while travelling

A travel credit card is convenient and rewarding. From an airline credit card to a hotel credit card, a travel credit card comes in many forms and is a beneficial tool for making the most of your daily expenses. Still, many are sceptical about travel cards. Exorbitant annual fees, confusing terms, and restrictions often fuel this concern, pushing people towards regular credit cards.

However, using a normal credit card while travelling does not earn you anything extra. A travel card, meanwhile, fulfils that purpose. It enables you to earn points or mileage that can be used for commute, shopping, and emergencies.

What are travel cards?

A travel credit card helps you earn points or miles that you can use for commute, shopping, and ATM withdrawals. Travel cards come in many forms, which each serving a different purpose.

General travel cards

General travel cards work in two ways. The first, and more straightforward, type of travel card earns points or miles that may be redeemed for cash back on travel and other expenditures. Cardholders can then redeem their miles for travel. The benefit of these cards is that you do not have to be a long-term customer of an airline or hotel to earn rewards. You can also use your points for travel costs other than airline tickets and hotel rooms.

Airline travel cards

Airline travel cards are the most widely used travel credit cards. Airlines and banks collaborate to provide frequent passengers with credit cards that allow them to accumulate miles on everyday expenses. Most airline credit cards also offer extra miles at eateries and retail stores.

Hotel Cards

Many leading hotel chains provide credit cards that members of their loyalty programmes can use for hotel stays. These cards also help receive benefits, such as immediate elite status and on-property vouchers, to use during their visit.

Benefits of travel cards

Travel cards provide a wide range of incentives that credit cardholders can take advantage of during holiday. Travel credit cards offer many features and incentives to meet the demands of regular travellers. From welcome packages to unlimited airport lounge access and fee reductions, the list is endless. Let us now inspect the common perks the best credit cards for travel provide.

As a welcome present or sign-up bonus, most travel credit cards give loyalty points or airline miles. The points can be exchanged for air miles on both domestic and foreign airlines. Some travel cards also provide complimentary tickets on certain airlines.

If you misplace your travel credit card in a foreign country, you would not be held liable. If you notify the bank, you will not be held liable for any unauthorised transactions that occur after you report the loss.

Travel cards available with Metra Trust include the FIRST WOW Travel Credit Card and Club Vistara Credit Card.

There are other cards that come with exciting travel benefits, including the FIRST Select, FIRST Wealth, and newly launched Metal Credit Cards Ashva and Mayura.

With Ashva, you get a low foreign exchange markup of just 1% on international transactions, airport lounge perks, free trip cancellation, and railway lounge access. Mayura offers similar travel perks to Ashva, except for zero foreign exchange charges.

If you want to apply for a credit card for travel, you can look at Metra Trust and check out what they offer. While it may be difficult to find a free credit card, you can get reasonable credit card interest rates and lower annual fees with Metra Trust. Visit the website to apply for an Metra Trust travel credit card.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject Metra Trust or its affiliates to any licensing or registration requirements. Metra Trust shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.