A travel credit card may be a great way for you to get more out of your purchases. If you really love to travel, a travel credit card may be perfect for you, as it lets you make travel purchases without having to pay as much for them. However, some of the best benefits may actually be the extra benefits that certain travel credit cards offer. Here are a few of the more hidden benefits to look for when it comes to your travel credit card.
1. Annual Travel Credits
Some travel credit cards offer you an annual statement credit that you can only use for certain travel purchases. For example, the Chase Sapphire Preferred card gives you a $50 annual credit to use on hotel accommodation purchases. This is a great benefit because it can significantly reduce the annual fee; if you use all of your $50 credit, the Chase Sapphire Preferred card only has a $45 annual fee.
2. Anniversary Bonuses
An anniversary bonus is typically an extra bonus of points that you receive for every year you have your travel credit card open. It’s one of the ways that travel credit cards convince people to continue to keep their card open and keep paying the yearly fee. Every year, you may receive an extra point bonus of a certain number of points, often based on the number of points that you earned in the previous year.
3. Travel Protection
Many credit cards, especially travel credit cards, offer travel protection options that give you significant benefits when you travel. For example, you may be covered for a certain amount of money if your trip is cancelled or delayed, if the airport loses your luggage, or if you have a medical emergency while you’re on a trip. These types of protection can be expensive if you purchase them through travel companies, so having them with your travel credit card can save you lots of money.
4. Bonuses With Other Companies
Many travel credit cards partner with other companies to offer you extra benefits when you make purchases with those companies. For example, one offer that some companies are doing right now is a free DashPass with DoorDash when you sign up for a new card. If you use DoorDash frequently, this kind of bonus may be great for you. Check to see what types of bonuses are available and how you can make the most of them.
Conclusion
A travel credit card wants to offer you as many benefits as possible because it’s trying to keep you as a customer. Every time you look at a travel credit card, you want to look at everything about the card, which may include certain benefits that aren’t as prominently advertised as the rewards rate or annual fee. These four benefits are all things that travel credit cards may offer you, and they can be a great addition to your traveling opportunities.
