The tourism industry of India is on a growing spree as it created more than 4 crore jobs in the previous year. Due to this rise in tourism, India now ranks 3rd among the countries most visited by foreign nationals in a year. Also, Indians too are visiting places both domestic and international owing to the presence of various attractive locations.
So, if you travel a lot, whether work or as a hobby, a travel credit card can help you save a lot on your expenses. These credit cards provide several exclusive benefits when you make travel-related transactions. As there are various types of credit cards available, choose the best travel credit card that suits your expenditure.
Benefits of using a travel credit card
A few benefits of using travel credit cards include –
- Earn travel miles
Travel miles are one of the must-know credit card benefits for every traveler. Having mentioned it, travel miles are credited to your account based on the amount you spend and the distance you travel – on completion of each trip.
Note that only the partner airlines will provide you with this privilege. Later, you can redeem those travel miles against subsequent air tickets.
- Discount at partner hotels
To make it convenient for regular travelers, most credit card issuers have partnered hotels. You can avail discounts at those hotels, thereby being one of the reasons why you are smarter with a credit card in your pocket.
You can also earn reward points that get added to your credit card account and can be redeemed later. Therefore, a significant portion of your expense is saved without straining your finances.
- Complimentary airport lounge access
The best travel credit card allows you to access airport lounges without paying any additional charges. You can check in to the lounge area and access amenities like –
- Electronic stationery (printers, scanners, etc.),
- Private honeycomb seating,
- Sleeping rooms,
- Massage rooms,
- Self-service bars,
- Lockers, etc.
Several travel credit cards offer lounge access to domestic as well as international airports. Cards like the Bajaj Finserv RBL Bank SuperCard offer up to 8 complimentary airport lounge accesses and unlimited paid accesses. Additionally, you avail of several other industry-first features.
The company also provides pre-approved offers to make the process of availing finance convenient for individuals. These pre-approved offers are also available on various other financial products such as home loans, personal loans, business loans, etc. You can take a look at your pre-approved offer by submitting a few essential documents that contain your identification details and contact number.
- Travel insurance coverage
Few travel credit cards also offer travel insurance plans, which provide financial coverage in several situations. These include –
- Lost baggage,
- Baggage delay,
- Flight cancellation,
- Travel accident/death, etc.
It should be noted here that the above policy coverage will only be active if the flight tickets or related expenses are made using that credit card.
- Other benefits
The best travel credit card also offers certain miscellaneous benefits such as discounts on dining, discounts on rented vehicles, faster check-in facilities, etc. Though these features are all meant to make travelling affordable for you, yet you should use a credit card wisely to make the most of it.
Above all, choose from the various types of credit card that matches your spending habits and helps you balance your finances well. Make sure you check for the necessary features and benefits before applying with the credit card issuer.
In addition to the above, the best travel credit card also has zero transaction fees for overseas spends. Other credit cards usually charge a high fee when you make international payments.
Additionally, travel credit cards also have global partnered stores, transacting for where will allow you to receive high reward points, cash backs, and discounts.